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February 5, 2012
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February 4, 2012
A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
“Personally I don’t see how you can justify it given the state of the current economy,” Dallas Federal Reserve President […]
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February 2, 2012
Spanish unemployment registrations jumped by the most in three years in January as the economy edged into its second recession since the end of 2009.
The number of people signing on for jobless benefits increased by 177,470 to 4.6 million, the Labor Ministry in Madrid said in an e-mailed statement today. That was the biggest […]
January 23, 2012
The new man at the top of struggling Research In Motion Ltd. says his priority is to reinvigorate marketing and restore growth in the U.S., adding that he has no intention of allowing the iconic BlackBerry maker to be broken apart and sold in pieces.
January 22, 2012
Microsoft and IBM drove the Dow Jones industrial average up after the tech giants reported stronger earnings than analysts had expected.
The Dow rose 97 points Friday to close at 12,720. That’s a gain of 0.8 percent.
The S&P 500 index inched up 1 point to 1,315.
An earnings miss by Google caused its stock to plunge 8 […]
January 19, 2012
Almost all U.S. metropolitan areas will see job growth in 2012, but for many areas it will still take years for employment to return to pre-recession levels, according to a report released on Wednesday by the U.S. Conference of Mayors.
All but three U.S. metro areas will have job gains this year, led by expected […]
January 15, 2012
People infuriated by what they call a discriminatory ban on photography by one of Italian fashion label Dolce & Gabbana’s Hong Kong outlets have protested outside the store.
Several dozen people gathered outside the shop Sunday afternoon. They yelled for the company to apologize after news reports earlier this month said sales staff were preventing Hong […]
January 14, 2012
WASHINGTON • Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.
Freddie Mac said Thursday that the average rate on the 30-year fixed mortgage fell to 3.89 percent. That’s below […]
January 12, 2012
China stands to be the biggest beneficiary of U.S. and European plans for sanctions on Iran