Economic data was on the heavy side Wednesday, but results mostly supported the bears. Traders got data on consumer sentiment and leading indicators, along with weekly data on petroleum inventory levels, mortgage applications and jobless claims. Eco
Treasury Secretary Henry Paulson wants lenders to help a broad range of troubled borrowers rather than deal with cases on an individual basis, according to a published report. The Wall Street Journal said Paulson wants the mortgage-service industry t
CHICAGO (Reuters) - The mood among consumers hit the skids in November as gasoline prices soared and the housing market downturn threatened to ensnare more Americans, a report showed on Wednesday. A drop in weekly mortgage applications, signs of str
CANBERRA, Australia (AP) -- Australia's opposition leader -- the front-runner in this weekend's elections -- said Wednesday that climate change is his top priority and urged voters to dump the old government for a young leadership who can keep up wit
GOETTINGEN, Germany (Reuters) - It may have brought the world aspirin, rocket science, quantum physics and the diesel engine, but Germany's days of scientific glory are long gone and it is now hunting for a new generation of Einsteins. Decades of un
WASHINGTON (Reuters) - The Federal Reserve was unsure last month whether lower borrowing costs were needed to cushion the U.S. economy from a housing slump and credit woes but decided to cut interest rates as a form of insurance. "Many members noted
DENVER (AP) -- Tourism-related businesses and retailers added workers in October as the unemployment rate dipped two-tenths of a percentage point to 3.7 percent, state labor officials said Tuesday. With the growth, Colorado remains on track to post a
On Tuesday, the Feds comments lower the odds for a Fed rate cut in December. The FOMC made another step toward transparency Tuesday when the committee provided their economic outlook for the next three years. These comments were part of the FOMC min
NEW YORK (Reuters) - U.S. stocks clawed back from three-month lows on Tuesday as surging oil prices lifted Exxon Mobil Corp and offset falls in financial shares on new concerns about the housing market. The Dow Jones industrial average (DJI: - ) was
Following are the minutes from the Federal Reserve meeting, held Oct. 31. By unanimous vote, the Federal Open Market Committee selected D. Nathan Sheets to serve as economist until the selection of his successor at the first regularly scheduled meeti
WASHINGTON (AP) -- The Federal Reserve's decision to slice a key interest rate last month to combat the housing slump and credit crunch was a "close call," according to meeting minutes that the board made public Tuesday. Fed Chairman Ben Bernanke and
WASHINGTON (Reuters) - The Federal Reserve was unsure last month whether lower borrowing costs were needed to cushion the U.S. economy from a housing slump and credit market woes but, in a "close call," decided to cut interest rates as an insurance
BEIJING (AP) -- China's economy will likely grow at a rate of 11.5 percent in 2007, state media quoted Chinese Premier Wen Jiabao as saying on Tuesday. The Web site of the China Daily newspaper cited Wen as telling Chinese embassy staff, businessmen
HONG KONG (AP) -- Hong Kong's benchmark index bounced back from earlier losses Tuesday, lifted by gains in regional bourses and bargain-hunting late in the session. The blue-chip Hang Seng Index ended up 1.1 percent, or 311.04 points, at 27,771.21 af
Economic news will be on the light side this week, but data on housing and new Fed forecasts will be the focus. Oil prices will also continue to get attention with comments from OPEC leaders drawing interest Monday. The calendar for this week is bel
·Treasury's Paulson wants fas
·Euro Drifts Lower Against US
·Dollar Edges Higher Against
·Greenspan Doubts US Will Fac
·Home builders forecast: Not
·Study: D.C. Poverty Up Despi
·Chinese Economy Surges 11.5
·Economic Watchdog, Oct. 24
·Another Quarter-Point Cut Is
·German Business Confidence D
·NZ Interest Rate Steady at 8
·Brazil Unemployment Falls in
·Euro Drifts Lower Against US
·Dollar Edges Higher Against
·Greenspan Doubts US Will Fac
·Home builders forecast: Not
·Study: D.C. Poverty Up Despi
·Chinese Economy Surges 11.5
·Economic Watchdog, Oct. 24
·Another Quarter-Point Cut Is
·German Business Confidence D
·NZ Interest Rate Steady at 8
·Brazil Unemployment Falls in
Economy
