Bristol-Myers Squibb said on Sunday it plans to split off its 83 percent stake in Mead Johnson Nutrition Company in a deal that lets Bristol shareholders exchange their shares for Mead Johnson common stock.
Significant weaknesses still have to work their way through the US economy, coupled with a rising level of debt, Kansas City Fed President Thomas Hoenig said Monday.
Friday, 13 Nov 2009 | Source: The Associated Press
The White House has told domestic agencies to assume their budgets will be frozen or even cut by 5 percent as it signals a big push to take on the deficit next year.
The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the most in more than 10 years, as imports from China bounded higher.
IMF managing director Dominique Strauss-Kahn said the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip.
Ugly U.S. unemployment data and Republican Party political momentum could set the stage for a Federal Reserve next year that leans more toward putting workers back on the job rather than scaring off inflation.
With the US unemployment rate now at 10.2 percent, the Obama administration hopes an emphasis on building export opportunities in Asia will play well at home.
Sen. Dodd’s reform bill would jeopardize the Fed’s ability to safeguard the U.S. economy, said Frederic Mishkin, former Federal Reserve Board governor and a Columbia University economics professor on Thursday.
The US government will likely borrow substantially less than initially anticipated as "significant repayments" from banks which received funds during the crisis are ahead, Treasury Secretary Timothy Geithner told CNBC Thursday.
U.S. Treasury Secretary Timothy Geithner said on Thursday a strong dollar was important for global stability and Asia was leading the global economic recovery.
The Bank of England has an open mind on the need to pump more newly-printed money into the economy, Governor Mervyn King said on Wednesday, after the central bank forecast below target inflation.
U.S. Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.
High unemployment and reluctant consumers will likely make a choppy U.S. economic recovery, top Federal Reserve officials said in a string of speeches across the country.
In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi.... Read More