Bernanke says U.S. needs faster growth WASHINGTON (Reuters) – The U.S. economy needs to grow more quickly to bring the unemployment rate down further, Federal Reserve Chairman Ben Bernanke said on Monday, defending the central bank’s…
Continue reading …Alternative to Foreclosure Tested Bank of America program allows homeowners to hand over deeds to their houses and sign leases that will let them rent the houses back from the bank at a market rate.
Continue reading …Fund Hits Gold With Facebook, Yelp Private-equity firm Elevation Partners is about to find out if two big hits will make investors forget about big misses.
Continue reading …Apple Shares Are Too Tempting The company’s surging shares have prompted hundreds of mutual funds to buy the stockâincluding many that aren’t expected to invest in a giant, U.S.-based technology company that pays no dividends.
Continue reading …Mitsubishi UFJ to Buy Pacific Capital Texas billionaire Gerald J. Ford scored a big win Monday with an agreement to sell Pacific Capital Bancorp to a unit of Mitsubishi UFJ Financial Group Inc. for $ 1.5 billion.
Continue reading …February jobs gains seen strong, keeping Fed at bay WASHINGTON (Reuters) – Employment likely grew solidly for a third straight month in February, a sign the economic recovery is becoming more durable and in less need of further monetary stimulus from…
Continue reading …Toronto Wants to Lure People to Water An effort is under way in Toronto to reclaim 2,000 acres of the city’s shoreline, once the home of tanneries, scrap yards and cement factories, in one of the world’s biggest waterfront revitalization efforts.
Continue reading …Solid job gains eyed in February WASHINGTON (Reuters) – The economy likely recorded a third month of solid job gains in February, which could further reduce the chances of additional monetary stimulus from the Federal Reserve.
Continue reading …Optimism Drives Dow Past Milestone After bouncing up and down around the 13000 level for a week, the Dow Jones Industrial Average finally closed above that psychologically important mark for the first time since May 2008.
Continue reading …Caribbean Getaways Ensnare U.S. Buyers Deposits in most Caribbean countries can be spent on construction rather than locked away in escrow, posing problems for would-be buyers.
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