US consumer spending up 0.5% in January
According to the Commerce Department, US consumer spending rose faster than expected in January by 0.5% - the fourth consecutive monthly rise.
The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was better than expectations of 0.4%.
Meanwhile, the data said personal incomes crept up 0.1% - [...]
[ Published on :
Tue, 02 Mar 2010 10:37 ]
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FDIC to grease mortgage market with $1.8 bln deal
(Reuters)
Reuters - The U.S. Federal Deposit Insurance Corp is planning to sell $1.8 billion of guaranteed asset-backed debt, according to IFR, in what may be a step toward restoring confidence in securities closely tied to the financial meltdown.
[ Published on :
Tue, 02 Mar 2010 10:37 ]
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US retail sales start new year strong
(AFP)
 AFP - US retail sales opened the year with a bigger-than-expected bounce, official data showed Friday in a report suggesting recovery from recession is gaining momentum.
[ Published on :
Mon, 15 Feb 2010 09:33 ]
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Senate approves tax breaks for new hires
(AP)
 AP - Senate Democrats delivered the first of several promised election-year jobs bills Wednesday, passing a measure blending highway funding eagerly sought by the states with tax breaks for companies that hire unemployed workers.
[ Published on :
Thu, 25 Feb 2010 11:37 ]
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Obama looks to undecided Dems for health backing
(AP)
 AP - A small number of House Democrats who opposed health overhaul legislation on the first go-round may be President Barack Obamas most important constituency when he unveils a revised proposal on Wednesday.
[ Published on :
Tue, 02 Mar 2010 10:37 ]
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A Fresh Start
(BusinessWeek)
BusinessWeek - On my first day at Yale (Yale Executive MBA Profile), Deputy Dean Stan Garstka told me the experience of Yale would not only provide me with a world-class education but also change who I am and how I think about business. He was right. I started the second year at business school feeling I was coming into my own with a new perspective. Business concepts that felt so loosely woven together over the course of the first year have become the foundation for classes in the second. Financial Management has led to Corporate Finance and Investor. ...
[ Published on :
Mon, 15 Feb 2010 09:33 ]
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Ask AP: Tax credits, disposing of recalled goods
(AP)
 AP - Toxic pet food. Lead-painted toys. Hazardous baby cribs. The sheer volume of recalled products makes you wonder: What happens to all that stuff after its ordered off the shelves?
[ Published on :
Fri, 05 Mar 2010 02:42 ]
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Housing: Hope on the Horizon
(BusinessWeek)
BusinessWeek - You would think the nations biggest homebuilders would be writhing in pain right about now. Sales of new single-family homes sank in January to the lowest seasonally adjusted rate in nearly five decades of record keeping and are now off 78% from the housing markets frothy peak in 2005.
[ Published on :
Thu, 04 Mar 2010 04:51 ]
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How the Political Gridlock in Washington Might End
(BusinessWeek)
BusinessWeek - In Washingtons current state of dysfunction, everyone has a favorite hyper-partisan moment. House Republican Whip Eric Cantors moment came at a White House meeting with congressional leaders on day three of the new Administration. He handed President Barack Obama a list of ideas to fix the economy. Pointing to a small business tax-cut item, Obama said: We disagree on tax policy. When Cantor tried to justify his own position, Obama responded: Elections have consequences, and at the end of the day, I won.
[ Published on :
Thu, 25 Feb 2010 05:21 ]
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