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FEDERAL RESERVEPADRON, ABESS REAPPOINTED TO BOARD Eduardo J. Padrón, president of Miami Dade College, and Leonard L. Abess, chief executive officer of City National Bank of Florida, have been reappointed to the board of directors of the Federal Reserve Bank of Atlanta's Miami branch. Their terms begin Jan. 1, 2010, and run through Dec. 31, 2012.
The S&P 500 and Nasdaq ended slightly lower on Monday and the Dow was flat, reversing earlier gains, after comments by Federal Reserve Chairman Ben Bernanke sparked jitters about the economic recovery.
Stocks ended little changed on Monday as investors paused to gauge prospects for the U.S. economic recovery and interest rates after Federal Reserve Chairman Ben Bernanke said the economy faced "formidable headwinds."
President Barack Obama continues to back Ben Bernanke as Federal Reserve chairman despite criticism from some U.S. senators during confirmation hearings for his second term, the White House said on Monday.
Asian stock markets fell Tuesday after the Federal Reserve's chief warned the U.S. economy would continue to struggle and Japan unveiled billions in new stimulus spending to prevent a lurch back into recession.
Dec. 9 (Bloomberg) -- Treasuries were little changed, with the difference between two- and 30-year securities within one basis point of the widest in 17 years, as the U.S. prepared to sell $34 billion of debt in auctions today and tomorrow.
Stocks were set to open slightly higher Wednesday, as investors consider the progress of a health care reform measure in the Senate.
A key Senate panel will vote next week on Ben Bernanke's nomination for a second term as Federal Reserve chairman.
The economy is likely to expand moderately in 2010, Federal Reserve Chairman Ben S. Bernanke said Monday, but his guardedly optimistic assessment for growth contained no hints that the central bank is looking to raise interest rates anytime soon.
Dec. 9 (Bloomberg) -- Treasuries were little changed, with the difference between two- and 30-year securities at the widest in 17 years, as the U.S. prepared to sell $34 billion of long-term debt in auctions today and tomorrow.
European and U.S. stock markets fell sharply Tuesday after worse than expected German industrial production data and a warning from a leading credit ratings agency that the U.S. government needs to get its public finances in shape soon.
Dec. 9 (Bloomberg) -- The pound weakened to its lowest level in almost two months against the dollar on concern Dubai’s state-controlled companies will have to sell U.K. assets to pay for loan obligations.
Dec. 9 (Bloomberg) -- Americans have grown gloomier about both the economy and the nation’s direction over the past three months even as the U.S. shows signs of moving from recession to recovery.
Barney Frank blows up at people. It’s what he does.
Dec. 9 (Bloomberg) -- Treasury Secretary Timothy Geithner plans to tell Congress that the Obama administration will extend the $700 billion financial-rescue program until next October, according to people familiar with the matter.
Dec. 9 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said the dollar is poised to fall and the decline may help spur the U.S. economy.
