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Retail sales take a fall in December

January 20, 2010

Retail sales fell in December, the government reported Thursday, putting a damper on hopes that the holiday shopping season would boost figures.
The Commerce […]

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China revises 2008 GDP higher

December 31, 2009

China on Friday revised up its 2008 growth rate to 9.6 percent, taking it well above the originally reported 9.0 percent after calculating that […]

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Homeownership in U.S. May Decrease, New York Fed Study Finds

December 26, 2009

The rate of homeownership in the U.S. may fall in coming years as households rebuild equity wiped out by the worst slump since the […]

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Credit card rates: Nowhere to go but up

December 4, 2009

For millions of credit card customers, here’s the good news: As of Feb. 22, a new law will bar banks from a host of […]

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Bruised Lloyds gets OK for record cash call

November 26, 2009

UK bank Lloyds’ army of small investors grilled executives for over three hours on Thursday over secret central bank loans and mistakes made during […]

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Kings unveil game packages with bobbleheads

November 23, 2009

The Sacramento Kings rolled out two holiday packages that each combine two games and a limited edition bobblehead.
The first pairs the Dec. 26 game against […]

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ECB Tightens Collateral to Ensure ‘High’ Standards

November 22, 2009

The European Central Bank tightened the rules for the collateral it accepts against loans as it tries to restore the “proper functioning” of markets […]

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FDIC’s Bair: must pre-fund financial firm unwinding

November 10, 2009

A reserve fund must be established ahead of time to give the government the working capital it needs to dismantle large, troubled financial companies, […]

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Northrop to sell $1.65 bln unit to private equity

Defense contractor Northrop Grumman has agreed to sell its TASC consulting unit to two buyout firms, General Atlantic and Kohlberg Kravis Roberts & Co […]

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Madoff shared prison cell with drug dealer

October 21, 2009

Epic swindler Bernard Madoff shared a prison cell with a 21-year-old drug dealer, and other fellow inmates included a spy and a mob boss […]

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