(Recasts, adds comment, Federal Reserve comment, background,byline) SAN FRANCISCO, July 2 (Reuters) - As California marked itssecond day of a new fiscal year without a budget agreement, thestate government moved ahead on Thursday to issue billions ofdollars in "IOUs" in order ...Read More
Nov. 21 (Bloomberg) -- The dollar rose against most of itsmajor counterparts and posted its first weekly gain versus theeuro in November as investors sold shares and bought short-termTreasuries to guard against losses before year-end. The yen gained versus the euro ...Read More
WASHINGTON -- The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding so far.
Many Democrats and Republicans praise Mr. Bernanke for candor and accessibility. But some ...Read More
Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday. President Barack Obama nominated Bernanke to another four-year term in August. The nomination requires ...Read More
In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed ...Read More
Los Angeles, California (CNN) -- There's an innocence to Jessica Biel, she says. The actress, who has starred in "The Illusionist" and "I Now Pronounce You Chuck and Larry," wanted to tap into her childlike side for "Planet 51," a new ...Read More
Nov. 20 (Bloomberg) -- California, Delaware, South Carolinaand Florida registered record rates of unemployment in Octoberas weakness in the labor market stretches from coast to coastand limits the economic recovery.
Joblessness rose in 29 U.S. states last month compared with22 in ...Read More
Will we ever know why AIG was bailed out and why its credit default swap counterparties were made whole?
When AIG first began to ask for a bridge loan from the Federal Reserve, the public was told that AIG wanted additional ...Read More
* Geithner pushes for single regulator for largest firms * Regulatory reform bills work through House, Senate * Senator Shelby wants 'complete rewrite' of Senate bill * Schumer, Graham push for investigation on China's yuan (Adds Schumer, Graham seeking probe on China's currency) WASHINGTON, ...Read More
WASHINGTON -- Like a boxer under siege, Treasury Secretary Timothy Geithner on Thursday rebuffed calls from Republicans to resign and slugged it out with lawmakers over Obama administration economic policies. Geithner is on the hot seat with lawmakers because billions of ...Read More
WASHINGTON, Nov 19 (Reuters) - A key Republican Senatorsaid on Thursday that he would not support a Democratic bill tooverhaul the country's financial regulation. Richard Shelby, the top Republican on the Senate BankingCommittee that must pass the legislation, said the draft ...Read More
In just a few hours, the tech world's attention will shift to the Googleplex in Mountain View, California where the company will offer a developer preview of Google Chrome OS. We should learn a fair amount about what the new ...Read More
Nov. 19 (Bloomberg) -- Manufacturing in the Philadelphiaregion expanded in November at the fastest pace in more thantwo years, reflecting gains in orders and sales.
The Federal Reserve Bank of Philadelphia’s generaleconomic index rose to 16.7, higher than forecast, from 11.5 ...Read More
Women have made little progress in breaking the glass ceiling at California's top publicly traded companies, according to a report scheduled to be released today. Citing "a bleak picture of the progress of women in corporate leadership" over the last five ...Read More
SACRAMENTO, Calif.—The corporate glass ceiling remains firmly in place at companies based in California, according to a study released Wednesday. The University of California, Davis study found women account for about 10 percent of executives and board members at the ...Read More
SINGAPORE (Reuters) - A top U.S. Federal Reserve official said on Thursday that capital flows to Asia have not reached levels that are threatening. "At this point I don't see any reason to be concerned about it yet," Philadelphia Federal Reserve ...Read More
As lawmakers on Capitol Hill inch closer toward overhauling the nation's fractured financial regulatory system, each hour of debate, each tweak of legal language, each tedious roll call carries the potential to generate colossal changes in the relationship between Washington ...Read More
California is deep in red ink again, according to a new report projecting that the cash-strapped state faces a $21 billion budget shortfall through June 2011.
The report, published Wednesday by the California legislature's nonpartisan analyst, painted a grim picture of ...Read More
TOKYO (Reuters) - The dollar hovered near the year's lows against a basket of currencies on Thursday after slipping the previous day as economic indicators and a Fed official reinforced the view that U.S. rate hikes are still distant. St. Louis ...Read More
For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. ...Read More
Nov. 19 (Bloomberg) -- The dollar traded near a three-weeklow against the euro after Federal Reserve Bank of St. LouisPresident James Bullard said past experience indicates policymakers may not start to raise interest rates until early 2012. The dollar may fall ...Read More
