Economy News
Articles 131 - 140 of most recent articles
China's Lenovo considers restructuring: reportReuters - China's Lenovo Group (0992.HK), the world's No.4 personal computer maker, is considering a restructuring because of tough economic conditions, China Business News reported on Wednesday.
Yahoo! – Dec 31, 2008 02:16 AM [GMT] – comment?
Paulson says U.S. lacked tools to tackle crisis: reportReuters - Outgoing U.S. Treasury Secretary Henry Paulson said the U.S. government had to battle the financial crisis without the tools needed to do the job effectively, the Financial Times newspaper reported on Wednesday. Paulson also said any future regulatory overhaul needed to ensure that financi ... more »
Yahoo! – Dec 31, 2008 01:07 AM [GMT] – comment?
Fed aims to buy $500 billion in MBS by mid-yearReuters - The U.S. Federal Reserve on Tuesday moved forward aggressively with an effort to drive down mortgage costs, setting a goal of buying $500 billion in mortgage-backed securities by mid-2009.
Yahoo! – Dec 30, 2008 11:56 PM [GMT] – comment?
Fed Selects Four Firms to Manage MBS Purchase Plan
Bloomberg - Dec. 30 (Bloomberg) -- The Federal Reserve chose BlackRockInc., Goldman Sachs Asset Management, Pacific InvestmentManagement Co. and Wellington Management Co. to manage a $500billion purchase of mortgage-backed securities it plans tocomplete by June.
Yahoo! – Dec 30, 2008 11:52 PM [GMT] – comment?
Bloomberg - Dec. 30 (Bloomberg) -- The Federal Reserve chose BlackRockInc., Goldman Sachs Asset Management, Pacific InvestmentManagement Co. and Wellington Management Co. to manage a $500billion purchase of mortgage-backed securities it plans tocomplete by June.
Yahoo! – Dec 30, 2008 11:52 PM [GMT] – comment?
Economy Makes 2008 A Year To Forget
In 2008, stocks plunged, the economy shrank, oil prices spiked, the credit markets ground to a halt and major financial institutions breathed their last. At the end of the year, financial adviser Bernie Madoff was charged with running a $50 billion Ponzi scheme.
NPR.org – Dec 30, 2008 10:40 PM [GMT] – comment?
In 2008, stocks plunged, the economy shrank, oil prices spiked, the credit markets ground to a halt and major financial institutions breathed their last. At the end of the year, financial adviser Bernie Madoff was charged with running a $50 billion Ponzi scheme.
NPR.org – Dec 30, 2008 10:40 PM [GMT] – comment?
Consumer confidence and home prices hit grim recordsReuters - The U.S. economy extended its run of record-breaking dismal data on Tuesday, with consumer confidence and home prices registering a pair of grim milestones.
Yahoo! – Dec 30, 2008 10:12 PM [GMT] – comment?
Fed to ramp up purchases of mortgage securities in JanuaryAFP - The Federal Reserve said Tuesday it would begin buying mortgage-backed securities in early January under a previously announced plan to purchase up to 600 billion dollars of these assets.
Yahoo! – Dec 30, 2008 10:08 PM [GMT] – comment?
World faces slowdown in 2009Reuters - Another day, another batch of warning signs indicating the world will enter 2009 in the throes of a sharp economic slowdown, with governments scrambling to find ways to boost lending and spur growth.
Yahoo! – Dec 30, 2008 10:00 PM [GMT] – comment?
Bailout of GMAC Could Boost GM Car Sales
The federal government is stepping up its efforts to save the auto industry by committing $6 billion to stabilize GMAC, the financing arm of General Motors. Already, GMAC is offering new deals and looser credit standards for car loans, which should help GM dealers and their customers.
NPR.org – Dec 30, 2008 9:32 PM [GMT] – comment?
The federal government is stepping up its efforts to save the auto industry by committing $6 billion to stabilize GMAC, the financing arm of General Motors. Already, GMAC is offering new deals and looser credit standards for car loans, which should help GM dealers and their customers.
NPR.org – Dec 30, 2008 9:32 PM [GMT] – comment?
Latest Economic Data Bleak
The latest consumer confidence numbers are dismal. Add to that a bleak holiday shopping season and another month of declining housing values, and you have a country in the middle of a recession that shows no sign of letting up. Roben Farzad, senior writer for Businessweek, says the market is taking ... more »
NPR.org – Dec 30, 2008 9:00 PM [GMT] – comment?
The latest consumer confidence numbers are dismal. Add to that a bleak holiday shopping season and another month of declining housing values, and you have a country in the middle of a recession that shows no sign of letting up. Roben Farzad, senior writer for Businessweek, says the market is taking ... more »
NPR.org – Dec 30, 2008 9:00 PM [GMT] – comment?
