By Jana Randow and Simone Meier May 7 (Bloomberg) — European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed a 60 billion-euro ($80 billion) plan to buy bonds as officials step up their response to the worst recession since …
By Allison Abell Schwartz and Cotten Timberlake May 7 (Bloomberg) — Wal-Mart Stores Inc. and Aeropostale Inc. reported April sales that exceeded some predictions as the Easter By Maya Jackson Randall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)–US Federal Reserve Chairman Ben Bernanke said Thursday the current financial crisis proves that banking regulators must be [...]
The number of people filing first-time unemployment claims falls by 34000. Continuing claims hit 14th straight record high. By Ben Rooney, CNNMoney.
By Ruth Mantell, MarketWatch WASHINGTON (MarketWatch) — Productivity rose in the first quarter as US firms slashed their workforce, outpacing the drop in output, the Labor Department reported Thursday.
By Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) — Lawmakers should create an entity to help unwind systemically significant institutions that could create collateral damage to the markets, two key bank regulators said on Wednesday.
Planned job cuts announced by US employers totaled 132590 in April, a 12 percent drop from the 150411 layoffs recorded in March. That marks the third consecutive decline in monthly job-cut announcements and the lowest total since 112884 cuts were …
President says his proposals to change tax breaks for US multinationals will spur employment. Experts don’t think so. By Jeanne Sahadi, CNNMoney.
By Daniel Schearf The International Monetary Fund says many Asian economies are to continue to tumble this year and will take some time to recover from the global economic slow-down.
The country’s top energy regulator says the federal government needs to spend much more money on improving the country’s electrical grid.
NEW YORK -(Dow Jones)- Profits at the large branded food makers are rising and holding up better than expected despite the slump in consumer spending and inroads from cheaper generic brands.