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Dec. 3 (Bloomberg) -- German stocks advanced for a third day as the Federal Reserve said the U.S. economy is improving and Bank of America Corp.’s plan to repay $45 billion of government bailout funds lifted financial shares.
Aiming to increase the presence of Mets history throughout Citi Field, team officials announced a series of changes to the ballpark for 2010.
Dec. 2 (Bloomberg) -- Vedanta Resources Plc, the largest copper producer in India, was raised to “buy” from “neutral” at Goldman Sachs Group Inc. which cited higher earnings estimates, revised base metal price forecasts and an “attractive valuation.”
Sen. Bernard Sanders said Wednesday that he will put a hold on the nomination of Federal Reserve Chairman Ben S. Bernanke for a second term, a step that could push the confirmation into next year but is unlikely to torpedo it.
Regarding Federal Reserve Chairman Ben Bernanke's Nov. 29 Sunday Opinion commentary, "The right reform for the Fed":
Economic conditions around most of the country continued to improve "modestly," and even the weak labor market showed "scattered" signs of progress, according to a report by the Federal Reserve on Wednesday.
Dec. 1 (Bloomberg) -- Cemex SAB, the largest cement maker in the Americas, hired Citigroup Inc., Barclays Plc, Bank of America Corp. and JPMorgan Chase & Co. to arrange a benchmark dollar bond sale, said a person familiar with the transaction.
NEW YORK (AP) -- Shares of some top finance companies were down at the close of trading: Bank of America fell $.24 or 1.5 percent, to $15.65. Citigroup unchanged at $4.10. JPMorgan Chase fell $.29 or .7 percent, to $41.93.
Dec. 3 (Bloomberg) -- The Federal Reserve said it’s testing one of the tools for an eventual withdrawal of the central bank’s unprecedented monetary stimulus while stressing that the trials themselves don’t represent any change in policy.
Dec. 3 (Bloomberg) -- The German government is studying a proposal by Deutsche Bank AG Chief Executive Officer Josef Ackermann to set up a fund that would boost capital at small and mid-size companies to avert a credit crisis.
The recovery gained traction in the late fall as shoppers spent a bit more and factories bumped up production. It marked the Federal Reserve’s most upbeat assessment of the economy since it tumbled into recession two years ago. The Fed’s new snapshot of business barometers nationwide, released today, found that “economic conditions have generally improved” since the last report in late October.
The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.
US Treasury Secretary Timothy Geithner vowed Thursday to lower the double-digit US budget deficit to 3.0 percent of economic output in the "medium term" to get the recession-wracked economy back on track.
Dec. 2 (Bloomberg) -- Most U.S. stocks rose for a third day after the Federal Reserve said the economy is improving and gains in metal prices lifted raw-material producers, overshadowing declines in energy companies and banks.
An eight-year-old lawsuit by Enron Corp. shareholders and investors who had accused various financial institutions of participating in the accounting fraud that led to the once mighty energy giant's downfall ended Wednesday after the remaining defendants in the case were dismissed.
These should be good times for Federal Reserve Chairman Ben Bernanke, who some economists give much of the credit for averting a second Great Depression.
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