Thursday, January 28, 2010

Bernanke Wins Confirmation to Second Term

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.

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.

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.

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.

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.

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.

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.