Member 3519


Congress to hear Bernanke, Paulson on market strain (Reuters)

15-07-2008 13h12
Reuters - Discussion of persistent financial market turmoil is seen as likely to overshadow the Federal Reserve's semi-annual monetary policy outlook when Fed Chairman Ben Bernanke testifies before Congress on Tuesday.

GM to cut jobs, raise liquidity by $15 billion (Reuters)

15-07-2008 21h54
Reuters - General Motors Corp said on Tuesday it would cut white-collar employment costs by 20 percent, sell up to $4 billion of assets, and borrow at least $2 billion in a bid to bolster its liquidity by $15 billion through 2009.

Paulson should consider receivership for Fannie, Freddie: report (Reuters)

15-07-2008 19h46
Reuters - The U.S. Treasury Secretary could make greater progress toward a safer financial system by putting Fannie Mae and Freddie Mac into federal receivership, the Wall Street Journal said on Tuesday.

Retail sales weak, producer prices strong (Reuters)

15-07-2008 22h21
Reuters - Dismal data on inflation and retail sales released on Tuesday flashed fresh signs of stagflation in the U.S. economy.

Stocks drop at open as financials fall (Reuters)

15-07-2008 22h36
Reuters - Stocks fell at the open on Tuesday as banks and other financial services companies dropped on fears of further fallout from the credit crisis.

Fed Chief Bernanke to brief Congress on economy (AP)

15-07-2008 22h32
AP - Federal Reserve Chairman Ben Bernanke is briefing Congress today on the economy, which has been walloped by high energy prices and fallout from the housing slump and credit crunch.

AOL launches personal finance site (Reuters)

15-07-2008 13h48
Reuters - Time Warner Inc's AOL will launch a personal finance site on Tuesday, adding to a roster of new properties that do not bear its name.

Retail sales edge up slight 0.1 percent in June (AP)

15-07-2008 22h31
AP - Retail sales edged up by a weaker amount than expected in June as sales at auto dealerships plunged.
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