Yellen at Fed would likely favor low-rate policy
12.03.2010, 22:17:48
WASHINGTON (AP) -- President Barack Obama's likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over higher rates to curb inflation.... |
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Examiner unveils Lehman accounting tricks
13.03.2010, 01:02:59
WASHINGTON (AP) -- An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditors Ernst & Young.... |
Retail sales show surprising gain in February
12.03.2010, 21:30:51
WASHINGTON (AP) -- Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the recovery from the Great Recession is gaining momentum.... |
Stocks end mixed after mixed economic reports
12.03.2010, 23:07:07
NEW YORK (AP) -- Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong.... |
Regulators shut banks in NY, Florida, Louisiana
12.03.2010, 23:37:22
NEW YORK (AP) -- Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks.... |
WaMu reaches settlement with JPMorgan, FDIC
13.03.2010, 01:16:09
WILMINGTON, Del. (AP) -- Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday.... |
FDA warning: some patients cannot process Plavix
12.03.2010, 23:49:20
WASHINGTON (AP) -- The Food and Drug Administration is adding its strongest warning to the label for Plavix, cautioning that some patients do not respond to the blockbuster blood thinner.... |
Apple gives chief operating officer $5M bonus
12.03.2010, 22:43:32
SEATTLE (AP) -- Apple Inc. is giving its chief operating officer a $5 million bonus for "outstanding performance" running the company while CEO Steve Jobs was on medical leave.... |
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