I spent the bulk of the morning sweltering outside the Washington DC Convention Center, as a few thousand sign-wielding housing advocates waited for President Obama's motorcade.
As Bernanke & Company are keenly aware, companies are neither hiring new workers nor investing aggressively in new plants and equipment. Rather, most companies are content to sit on their fortunes while earning just a fraction of a percent on their money
Not a good day for consumer product companies. Tough competition, inability to raise prices a problem for consumer giants. Colgate-Palmolive down 7 percent, one of its worst days in years, Kellogg down 5 percent to its lowest level since October of last year. With good reason...
If Sanofi moves ahead with an unsolicited offer for Genzyme, there will be plenty of biotech investors and investment bankers shaking their heads in wonderment, particularly if it is at a price well above Genzyme’s current level.
The nascent US economic recovery would be halted in 2011 if Congress fails to extend the Bush tax cuts for the wealthiest Americans, analysts at Deutsche Bank said.
Now here's a real Democratic supply-side reformer in the John Kennedy tradition. Sen. Bayh has explicitly chosen growth over class warfare.
To rebuild BP's , advertising experts recommended that the company look beyond traditional media and take steps to build a relationship with the public through social media.
With pressure mounting on the federal government to find new revenues, legislators are considering legalizing, and taxing, an activity it banned just four years ago, reports the New York Times.
The president was eating lunch with business owners, including the owner of the sandwich shop, before giving a statement to reporters. Obama is promoting a legislative package that would provide more capital and tax relief for small businesses.
One possible scenario for Avis, which is far smaller than Hertz and also smaller than the company it is seeking [Dollar Thrifty] is for it to counter with the upcoming bid. While Avis is poised to give it a shot, it’s still a long one that it will come out of this winning the war.
Stocks opened flat and fell further after S&P futures slipped about 5 points following a disappointing June durable goods report. The US Commerce Department reported demand for durables had its steepest drop since last August, falling 1.0 percent. That was significantly below economists’ expectations of 1.0 percent GROWTH. Yet...
Honestly, can anyone argue that $862 billion of spending won’t help? Actually, they lump the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration’s fiscal stimulus program all together to say that it all worked.
"What the law did was force the banks to rethink their business lines, their pricing strategies, their methodology for maintaining their balance sheet," banking analyst Dick Bove . "When they rethink it all, they will be able to offset all of the costs of this bill."
President Barack Obama is stepping up his fundraising efforts as the midterm elections draw closer and Democrats need money to battle a Republican Party energized in part by voter concern over government spending and regulations.
The oil is clearing much faster than expected, but concern remains over the unseen effects. The NYT reports.
Despite some good earnings reports Tuesday morning and modestly higher futures pre-open, stocks have given up much the day’s early gains on some disappointing economic data. Here's a complete market breakdown.
As BP transitions to a new CEO, the company is also subtly transitioning to a new, more aggressive strategy when it comes to its liabilities for the Gulf oil spill.
Some encouraging signs for bulls this afternoon at the close as the markets ended the day at session highs:
A couple of takeaways from Friday’s solid gains: 1) No sell-off materialized following Thursday’s strong rally. 2) Another encouraging result of Friday’s gains that traders noted: higher highs for the markets for the first time in a number of months.
British right-wing political leader Lord Christopher Monckton, Viscount of Brenchley, accused President Barack Obama of being hostile toward Great Britain.