The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The 70-30 vote came amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts.
Thursday, January 28, 2010
Bernanke Wins Confirmation to Second Term
Posted by Dstall at 3:45 PM 0 comments
Labels: Ben Bernanke, Federal Reserve, News - Politics
Ford Returns to Profitability After 4 Years
Ford, the only U.S. automaker to avoid bankruptcy court, clawed its way to a $2.7 billion profit in 2009 and expects to stay in the black in 2010. It was the automaker's first annual profit in four years.
Posted by Dstall at 3:41 PM 0 comments
Labels: Ford Motor Co., News - Politics
Wednesday, January 27, 2010
Fed: No Change in Rates
The Federal Reserve notes some improvement in the economy, but isn't ready to start raising interest rates. The AP's Mark Hamrick reports.
Posted by Dstall at 2:36 PM 0 comments
Labels: interest rates, News - Politics, The Federal Reserve
Economy to Dominate Obama's State of the Union
Restoring the economy and creating jobs will be the main themes of President Barack Obama's first State of the Union address. AP correspondent Julie Pace looks at Obama's attempt to reconnect with the American people.
Posted by Dstall at 5:11 AM 0 comments
Labels: economy, News - Politics, State of the Union Address
Tuesday, January 26, 2010
Consumer Confidence Index Climbs in Jan.
Americans' confidence in the economy improved modestly in January for the third straight month, as they begin to feel slightly better about business conditions and the job picture.
Posted by Dstall at 11:50 AM 0 comments
Labels: consumer confidence, News - Politics
Monday, January 25, 2010
Dec. Home Sales Sink; Prices Plunged in 2009
Sales of previously occupied homes dropped nearly 17 percent in December, the biggest monthly decline in 40 years.
Posted by Dstall at 3:33 PM 0 comments
Labels: economy, home sales, News - Politics
Ed Whitacre Named CEO at General Motors
General Motors Chairman and interim CEO Ed Whitacre is dropping the interim from his title as the automaker's CEO.
Posted by Dstall at 10:38 AM 0 comments
Labels: Ed Whitacre, General Motors, News - Politics