WASHINGTON - After weeks of speculation, regulators led by the Federal Reserve are telling banks how they fared in the "stress tests" at the center of the Obama administration's financial rescue plan. Markets rallied and investors breathed a little easier Friday ...Read More
CARACAS, Nov 22 (Reuters) - Oil-exporting Venezuela is inrecession, its socialist President Hugo Chavez said onSaturday, adding that the capitalist system of measuringeconomic growth was established in the United States. "When an economy shrinks instead of grows, according to thenorms established ...Read More
NEW YORK - Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off. Retail prices for ...Read More
WASHINGTON -In a sharp improvement, more than half of U.S. states added jobs in October, though economists said many of the gains likely occurred in temporary employment. That's customarily a positive a sign. Employers usually hire temporary workers before they add ...Read More
* Proposal would shift industry fee burden to big banks * Follows controversial formula for FDIC emergency fee * Change could sail through Congress under the radar By Karey Wutkowski WASHINGTON, Nov 20 (Reuters) - As the biggest U.S. banksclamor ...Read More
NEW YORK (AP) — Natural gas prices have dropped more than 12% in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off. Retail prices for natural ...Read More
Vanitas, vanitatum et omnia vanitas... all is vanity. In the dying days of Gordon Brown's Government, this ancient saw seems truer than ever. The Prime Minister's position is becoming ever more tragic in its delusion.
Everyone now accepts that the coming ...Read More
See the full interactive graphic. The labor market pain continued to be spread throughout the nation in October, as 29 U.S. states recorded increases in their unemployment rates, while just 13 registered decreases. Earlier this month, the Labor Department reported that the ...Read More
AnnTaylor Stores Corp. swung to a third-quarter profit amid lower restructuring expenses and higher margins, as results handily beat analysts' estimates. The women's apparel retailer, which operates the Ann Taylor and Ann Taylor Loft brands, struggled more than some rivals during ...Read More
Filed at 6:56 a.m. ET FRANKFURT (Reuters) - Banks run the risk of becoming addicted to cheap and abundant central bank funds, European Central Bank President Jean-Claude Trichet said on Friday, stressing these will be withdrawn as the situation normalises. Trichet also ...Read More
Nov. 20 (Bloomberg) -- German stocks climbed, with thebenchmark DAX Index extending its third straight weekly gain, asVolkswagen AG and BASF SE advanced. Volkswagen added 1.2 percent after the carmaker’ssupervisory board signed off on contracts drafted for a takeoverof Porsche SE ...Read More
Three alleged members of the hacker gang Kryogeniks were hit with a federal conspiracy charge Thursday for a 2008 stunt that replaced Comcast's homepage with a shout-out to other hackers. Prosecutors identified Christopher Allen Lewis, 19, and James Robert Black Jr., ...Read More
WASHINGTON — The Treasury Department said Thursday it will auction off warrants for three banks that it acquired as part of last fall's financial bailout. It's the latest government effort to reel in its emergency financial programs. Treasury will auction warrants ...Read More
Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomberg last night, said that banks "cannot control ourselves." The government, Mack said, "has to step in ...Read More
Shoppers increased their spending at Kmart stores for the first time in at least seven years this fall, picking up cheap toys, shoes and items for their homes. The boost in sales at Kmart stores open at least a year was ...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
Nov. 19 (Bloomberg) -- The number of Americans filingclaims for unemployment benefits held at a 10-month low lastweek, a sign firings are letting up as the economy recovers.
Initial jobless claims were unchanged at 505,000 in theweek ended Nov. 14, in ...Read More
NEW ORLEANS — The federal government could be vulnerable to billions of dollars in claims after a judge ruled that the Army Corps of Engineers' failure to properly maintain a navigation channel led to massive flooding in Hurricane Katrina.
U.S. District ...Read More
* Nikkei down 1.3 pct, Topix hits 7-mth closing low * MUFG falls after announcing huge fundraising * Exporters down as yen rises * Loss-cut selling by retail investors hits shares * Volume surges to 2.6 bln shares, 50% above last week's avg TOKYO, Nov ...Read More
Banks urged to lend to more small firms
Speaking at a small-business financing forum at the Treasury Department, Geithner also called on banks to "get back to the business of lending."
Treasury officials released a report this week that revealed many of ...Read More
LOS ANGELES - On a cloudy Friday afternoon in West Los Angeles nearly two weeks ago, about 50 people were waiting to buy a video game that wasn't supposed to go on sale for four days. "Do you have it yet?," ...Read More
