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Stocks close with best month in a year
Fri, 30 Jul 2010 22:19:03 GMT
Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
 
Business - Investing - Commodities and Futures - Futures - Advisory Services
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Slowing economy faces major hurdles
Fri, 30 Jul 2010 19:02:40 GMT
As the engine of U.S. economic growth slows, two of its main cylinders - job growth and consumer spending - still aren't firing. Until they kick in, the weak recovery is in jeopardy.
United States - Economic growth - Consumer spending - U.S. Economic Cycles - Economic
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Recovery lost speed in the second quarter
Fri, 30 Jul 2010 18:23:10 GMT
 The recovery lost momentum in the spring as growth slowed to a 2.4 percent pace, its most sluggish showing in nearly a year and too weak to drive down unemployment.
Economic growth - Economic - United States - Social Sciences - Gross domestic product
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Facebook may postpone its IPO until 2012
Fri, 30 Jul 2010 15:38:24 GMT
Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.
Facebook - Social network - Online Communities - Mark Zuckerberg - Initial public offering
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U.S. consumers feel more downtrodden in July
Fri, 30 Jul 2010 14:05:08 GMT
U.S. consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey shows.
Consumer Confidence Index - United States - Business - Economics - Conference Board
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Fri, 30 Jul 2010 14:05:08 GMT
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NY Fed: Toxic assets from AIG gaining value
Thu, 29 Jul 2010 23:28:23 GMT
Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.
American International Group - Federal Reserve Bank of New York - Bear Stearns - Federal Reserve System - Central bank
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Jobless claims drop may offer some hope
Thu, 29 Jul 2010 15:33:50 GMT
New U.S. claims for unemployment benefits fell slightly more than expected last week, government data showed on Thursday.
Jobless claims - Unemployment benefits - Insurance - United States - Business
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Citigroup paying $75M to settle civil charges
Fri, 30 Jul 2010 00:54:00 GMT
Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
Citigroup - Subprime lending - Business - Mortgage - Allegedly Unethical Firms
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Economists see tepid recovery deep into 2011
Fri, 30 Jul 2010 17:37:09 GMT
The U.S. economic recovery will remain slow deep into next year, held back by shoppers not spending and employers not hiring, according to an AP survey of leading economists.
Associated Press - Economic - United States - Social Sciences - Storage
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Fri, 30 Jul 2010 17:37:09 GMT
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Women more optimistic than men about economy
Thu, 29 Jul 2010 15:46:29 GMT
There is a widening divide between men and women when it comes to their outlook for the economy and their own financial situations in the next twelve months, a new survey says.
Business - People - Women - Arts and Entertainment - Science and Technology
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Fed: Economy slowing in some regions
Wed, 28 Jul 2010 19:49:20 GMT
The pace of economic activity has slowed or held steady in parts of the country, revealing a choppy path back to health.
Federal Reserve System - United States - Economy - Economic - Central bank
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Senate panel approves Yellen as Fed vice chair
Wed, 28 Jul 2010 19:07:16 GMT
A Senate panel has approved three of President Barack Obama's picks for the Federal Reserve, including his nominee to be the central bank's second-highest ranking official.
Barack Obama - Federal Reserve System - United States - United States Senate - President
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Durable goods orders fell unexpectedly in June
Wed, 28 Jul 2010 19:03:23 GMT
 Orders to U.S. factories for big-ticket manufactured goods fell in June as demand for commercial aircraft plummeted, new data show.
United States - Government - Conferences - Computer Science - 2006
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Gen Y: No jobs, lots of loans, grim future
Thu, 29 Jul 2010 20:41:51 GMT
 The Millennials are the first generation of American workers since World War II who have cloudier prospects than the generations that preceded them.
United States - World War II - Generation Y - History - Twentieth Century
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U.S. cities warn of more job, service cuts
Wed, 28 Jul 2010 12:56:33 GMT
Local government revenue has withered so drastically that U.S. cities and counties will have to cut hundreds of thousands of jobs in the coming months.
Government - United States - Local government - Employment - Politics
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Unemployment rises in most metro areas
Wed, 28 Jul 2010 20:55:29 GMT
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as seasonal factors boosted joblessness nationwide.
Unemployment - United States - Recreation - United States Department of Labor - Picture Ratings
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New CEO Dudley faces daunting task at BP
Tue, 27 Jul 2010 23:38:39 GMT
 BP's incoming CEO Robert Dudley faces the daunting task of fixing a company saddled with huge liabilities, a broken culture, strained government relations and a badly damaged brand.
BP - Dudley - West Midlands - England - Business
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Consumers, Wall Street disagree on economy
Tue, 27 Jul 2010 22:54:08 GMT
The disconnect between Wall Street and Main Street is growing.
United States - Consumer Confidence Index - Home - Consumer Information - Advocacy and Protection
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Tue, 27 Jul 2010 22:54:08 GMT
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Wall Street on the cusp of a breakout
Sun, 25 Jul 2010 20:03:39 GMT
Wall Street enters this week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week.
Wall Street - Sports - Organizations - Investing - Stocks and Bonds
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General Electric hikes its quarterly dividend
Fri, 23 Jul 2010 20:27:55 GMT
GE boosted its quarterly dividend by 2 cents to 12 cents per share Friday — a sign that things are much better.
General Electric - United States - Energy - Technology - Transportation
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Recovery's Achilles' heels: jobs and housing
Thu, 22 Jul 2010 15:20:52 GMT
 The economic recovery is weakening in the face of falling home sales and rising claims for unemployment benefits, new data showed Thursday.
Jobless claims - Business - Insurance - Financial Services - Claims
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Checks are coming: Obama signs jobless bill
Fri, 23 Jul 2010 00:39:07 GMT
Federal checks could begin flowing again as early as next week to millions of jobless people who lost up to seven weeks of unemployment benefits in a congressional standoff.
Unemployment - United States Congress - Labour economics - United States - Business
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Leading indicators suggest recovery slowing
Thu, 22 Jul 2010 14:10:52 GMT
A private research group says its gauge of future economic activity dropped in June, the second decline in past 3 months, suggesting the U.S. economic recovery will weaken.
Economic - United States - Leading indicators - Social Sciences - Economic growth
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Bernanke: Don’t stop stimulus spending
Thu, 22 Jul 2010 17:32:23 GMT
Federal Reserve Chairman Ben Bernanke told Congress Thursday that the fragile economy still needs government stimulus spending to strengthen the recovery.
Ben Bernanke - Chairman of the Federal Reserve - Central bank - Capitol Hill - Government
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Capitalism? Yuck. But free enterprise? Yes!
Wed, 21 Jul 2010 17:49:22 GMT
 Nearly two years after the financial crisis helped push the nation into deep recession, even capitalism’s most ardent supporters concede it’s developed a bit of a bad reputation.
Capitalism - Financial crisis - Economic - Recession - Economic system
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Bernanke sees an 'unusually uncertain' future
Wed, 21 Jul 2010 21:42:23 GMT
 Federal Reserve Chairman Ben Bernanke tells Congress the economic outlook remains "unusually uncertain," and the Fed is ready to take new steps to keep the recovery alive.
Ben Bernanke - Federal Reserve System - Chair of the Federal Reserve - Economic - Government
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Senate approves jobless payments to millions
Thu, 22 Jul 2010 00:00:01 GMT
State unemployment agencies are gearing up to resume sending unemployment payments to millions of people as Congress promises to ship President Barack Obama a measure to restore lapsed benefits.
Barack Obama - United States - President of the United States - President - United States Congress
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Thu, 22 Jul 2010 00:00:01 GMT
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Jobless benefits won't cure economy
Tue, 20 Jul 2010 23:18:46 GMT
For jobless Americans struggling to pay their bills and keep their homes, the restoration of unemployment benefits could keep their crisis from getting worse.
Unemployment - United States - Unemployment benefits - Insurance - Business
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Why Wall Street is ignoring good profit reports
Tue, 20 Jul 2010 21:40:38 GMT
Even in a tough economy, increasing profits can be easy: Just cut costs enough and the bottom line keeps improving. But companies can only do that for so long.
Wall Street - Economy - Business - United States - Youth
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Watchdog: Financial system support up $700 billion
Wed, 21 Jul 2010 05:08:51 GMT
Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday.
United States - Government - Business - Financial Services - Housing
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