Bernanke says recovery slow but small banks climbing back WASHINGTON (Reuters) – The weak economic recovery has made it harder for banks to make money from loans but the financial conditions of smaller institutions appear to be solidifying, Federal Reserve…
Gasoline pushes inflation up in January WASHINGTON (Reuters) – Gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery.
Continue reading …Wanted to Buy: MF Global Claims Investors that gobble up claims in bankruptcy or other distressed situations have begun approaching former MF Global customers with offers to buy their claims for cash, at a discount.
Continue reading …Bernanke urges action to heal housing markets ORLANDO, Florida (Reuters) – Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the…
Continue reading …It’s Hardly a Ball for 11 Times Square The risks of speculative office building are obvious at the 11 Times Square skyscraper. More than a year after it opened, the 1.1 million square-foot building is about 60% empty and unleased.
Continue reading …Jobless rate at 3-year low as payrolls surge WASHINGTON (Reuters) – The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to…
Continue reading …U.S. consumers fizzle out even as incomes rise WASHINGTON (Reuters) – U.S. consumer spending was flat in December as households put the largest rise in income in nine months into their savings, potentially signaling slower consumption early in…
Continue reading …EU Plans Complaint on ‘Volcker Rule’ The European Commission intends to complain to Treasury Secretary Geithner that new U.S. regulations will discourage banks from trading sovereign bonds.
Continue reading …U.S. growth quickens, but speed bumps ahead WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in…
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