|
|
|
August 12, 2010, 1:30 pm
By
Jay Heflin
President George W. Bush is slated to speak at the Commercial Finance Association's (CFA) 66th Annual Convention that will run October 20 thru 22.
Read more...
Archived under:
Economy
|
|
|
August 12, 2010, 12:45 pm
By
Jay Heflin
Sen. Sherrod Brown (D-Ohio) has called on Congress to do something about China manipulating its currency after it was reported on Wednesday that the U.S. trade deficit with the Asian country widened to more than $26 billion in June, the largest imbalance since October 2008.
Read more...
Archived under:
Economy
|
August 12, 2010, 12:00 pm
By
Jay Heflin
By a two-to-one margin, expectations of certified public accountants (CPAs) serving C-suite executives have turned sharply negative on the economy as high unemployment and the tight credit market persist, according to a new poll by the American Institute of Certified Public Accountants (AICPA) and the University of North Carolina's Kenan-Flagler Business School.
Read more...
Archived under:
Economy
|
August 12, 2010, 10:45 am
By
Jay Heflin
A report by NBTA shows global business travel dropped 8.8 percent in 2009, the worst decline since 9/11.
Read more...
Archived under:
Economy
|
August 12, 2010, 10:44 am
By
Vicki Needham
Mortgage rates dropped to their lowest levels in nearly 40 years, further lowered by the Federal Reserve's debt buying plan.
Read more...
Archived under:
Banking/Financial Institutions
|
August 12, 2010, 10:23 am
By
Jay Heflin
President Obama on Thursday announced the names of panelists who will participate in the Aug. 17 conference on the future of housing finance.
Read more...
Archived under:
Economy
|
August 12, 2010, 10:02 am
By
Ian Swanson
President Obama has touted GM's recovery as a success story as the economy struggles to create jobs.
Read more...
Archived under:
Economy
|
August 12, 2010, 9:00 am
By
Jay Heflin
Three-quarters of adults over the age of 18 plan to rely on Social
Security, according to an AARP poll.
Read more...
Archived under:
Domestic Taxes
|
August 12, 2010, 12:04 am
By
Silla Brush
Congressional Oversight Panel finds the AIG bailout benefited Goldman Sachs, which in turn helped foreign firms doing business with Goldman.
Read more...
Archived under:
Banking/Financial Institutions
|
August 12, 2010, 12:02 am
By
Silla Brush
The United States could have asked foreign countries to "share the pain" of the bailout of the financial system, a government watchdog said in a report on Thursday. In 2008, Congress voted to bail out the financial system with $700 billion, but more of that money went to financial firms based abroad than money from other countries wound up helping U.S. firms, the Congressional Oversight Panel report concluded. "America's rescue had a much greater impact on other nations than their rescue programs had on the United States," the panel's chairwoman, Elizabeth Warren, told reporters late on Wednesday. "If the U.S. had gathered more information on the flow of rescue funds, it could have asked other countries to share the pain."
The report said the U.S. effort focused on flooding as much money into as many banks as possible, but that foreign countries designed their efforts more narrowly toward institutions that often did not have major U.S.-based arms.
Archived under:
Banking/Financial Institutions
|