May 13, 2012
Consumer confidence rose in May to the highest level in four years, led by gains among upper-income Americans that may contribute to a pickup in spending on expensive items like furniture and appliances.
The Thomson Reuters/University of Michigan preliminary sentiment index for May climbed to 77.8, the highest since January 2008, from 76.4 the prior […]
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online, technology
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May 11, 2012
A bad European week for Chancellor Angela Merkel looks likely to end with more electoral woes _ this time, the likely re-election of a center-left government in Germany’s most populous state, which Merkel has sought to portray as irresponsibly addicted to debt.
But despite the prospect of an embarrassing loss for her conservatives, Merkel still looks […]
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economics, technology
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April 13, 2012
THE STORE: Organic grocer Whole Foods is taking a gamble on the Motor City with a planned 20,000-square-foot supermarket with 75 employees in Detroit’s Midtown neighborhood next year.
THE NEIGHBORHOOD: One reason Whole Foods may be willing to take the risk is that the neighborhood is an anomaly in a tough city enduring tough times: People […]
lenders, technology
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April 10, 2012
U.S. wholesale businesses stepped up restocking in February, while more expensive gasoline drove sales higher.
The Commerce Department said Tuesday that stockpiles at the wholesale level rose a seasonally adjusted 0.9 percent in February to $478.9 billion. The government also revised January wholesale inventory growth to show a 0.6 percent increase, up from the initial reading […]
stocks, technology
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April 7, 2012
The Federal Reserve took steps to encourage banks to turn more of their foreclosed homes into rental properties in new policy guidelines issued on Thursday that could help lessen the flood of distressed property sales that is depressing prices.
“Banking organizations should make good-faith efforts to dispose of foreclosed properties,” the Fed said in a […]
mortgage, technology
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April 4, 2012
After a stellar first-quarter performance, investors are hoping the stock market can maintain its momentum into the holiday-shortened week ahead.
The major indexes all posted gains last week, closing out a blockbuster quarter.
In the first three months of 2012, the Dow Jones industrial average gained 8.1%, the S&P rose 12% and the Nasdaq advanced 19%.
It […]
finance, technology
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March 25, 2012
Iraq’s oil ministry says oil exports in January have declined by nearly 4.5 percent compared to the previous month.
Sunday’s statement says last month’s oil exports averaged 2.0137 million barrels per day, down from an average of 2.107 million barrels per day in January.
The sales grossed $6.595 billion based on an average price of $112.928 per […]
money, technology
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March 22, 2012
economics, technology
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March 7, 2012
German industrial orders unexpectedly dropped 2.7 percent in January compared with the previous month due to an unusually low number of big-ticket orders and a sharp drop in demand from abroad, official data showed Wednesday.
Economists had predicted a small rise in orders following a 1.6 percent increase in December _ a figure that was revised […]
finance, technology
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February 25, 2012
India has proposed setting up a multilateral bank that would be exclusively funded by developing nations and finance projects in those countries, two government officials with knowledge of the matter said.
The plan has been circulated to the countries in the so- called BRIC group — Brazil, Russia, India and China — as well as […]
legal, technology
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