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American International Group, the insurance giant bailed out by the federal government, announced Tuesday it had completed a deal to reduce its debt to the Federal Reserve by $25 billion.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
Dec. 2 (Bloomberg) -- Ben S. Bernanke has the backing of a majority of U.S. senators on the Banking Committee for a second term as Federal Reserve chairman.
What's Your Reaction? WASHINGTON — House lawmakers are ready to clear a significant hurdle in their drive to slap new financial restraints on big Wall Street institutions and to demand greater openness from the nation's central bank.
Dec. 2 (Bloomberg) -- U.S. stock-index futures drifted between gains and losses before a private report on employment and the Federal Reserve’s Beige Book regional business survey.
WASHINGTON - House lawmakers are ready to clear a significant hurdle in their drive to slap new financial restraints on big Wall Street institutions and to demand greater openness from the nation's central bank.
A woman awaiting sentencing in a Washington, D.C.-area identity theft case whose victims included Federal Reserve Chairman Ben Bernanke's wife also faces charges in Denver.
A House panel has approved legislation that slaps new restraints on big Wall Street institutions and demands greater openness from the nation's central bank. The bill is part of a sweeping regulatory overhaul that the House plans to vote on next week.
DENVER (AP) — A woman awaiting sentencing in a Washington, D.C.-area identity theft case whose victims included Federal Reserve Chairman Ben Bernanke's wife also faces charges in Denver.
The Federal Reserve must be prepared to raise interest rates if necessary before the jobless rate has fallen to "acceptable levels", or risk losing its inflation-fighting credibility, a senior Fed official said on Tuesday.
Stocks are edging up as a decline in private sector job cuts last month keeps the market's momentum going.
Investors are making few moves in early trading Wednesday after a private group's report showed job cuts declined in November for the eighth straight month, but not as much as forecast.
Stocks are narrowly mixed after a private group's report showed job cuts declined in November for the eighth straight month, but not as much as forecast.
House lawmakers are ready to clear a significant hurdle in their drive to slap new financial restraints on big Wall Street institutions and to demand greater openness from the nation's central bank.
To reduce its crushing debt, the American International Group said on Tuesday that it completed its plan to award the Federal Reserve Bank of New York a $25 billion stake in two of its big foreign life insurance subsidiaries.
Dec. 2 (Bloomberg) -- Gold surged to a record for a second day in London and New York as investors stepped up purchases to protect their wealth against a slumping dollar. Other precious metals climbed.
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