WASHINGTON (AP) — The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry squeezed out a small profit in a recovering economy.
And bank lending last year posted the steepest drop since World War II.
The snapshot for October-December 2009 issued Tuesday by the Federal Deposit Insurance Corp. offered [...]
NEW YORK (AP) — Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and likely to stop companies from hiring. The Dow Jones industrials briefly traded below 10,000 for the first time in three months.
A flood of bad news, including rising debt levels in European nations and [...]
The markets are holding to the plus side in early trading on this 1st day of Feb 2010 on news that personal spending was up:
Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the economy slowly recover from the worst recession in decades.
The Commerce Department said [...]