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June 30th, 2011 by Financial Writer
The Senate will forgo its scheduled recess for the week of July 4 to work on legislation to raise the debt ceiling and cut the deficit, Senate Majority Leader Harry Reid said Thursday.
“The work we’re doing to cut the deficits and create jobs is too important, the obstacles too steep and [...]
Tags: Debt, July 4, Senate, USA
January 6th, 2011 by Financial Writer
Toyota Motor Sales Inc. has been awarded $2.6 million in an arbitration case against a former attorney for the automaker. The attorney, Dimitrios Biller, had accused Toyota in court cases and in the media, of covering up safety defects in its vehicles.
In making his accusations, Biller had relied on internal Toyota documents. Biller discussed confidential [...]
Tags: au, automaker, cars, company, Invest, leading, president, rate, sales, toy, us, USA, vehicles
January 4th, 2011 by Financial Writer
mortgage brokers can be an excellent resource for refinancing your mortgage, especially if you have less than perfect credit. The problem with using a mortgage broker is that it is easy to be very interested to overpay thousands of dollars in unnecessary expenses and mortgages. Here are some tips to help you decide whether [...]
Tags: bank, dollar, dollars, interest rate, interest rates, lender, lenders, loan, loans, mortgage, mortgages, rate, transaction, us, USA, wholesale
December 13th, 2010 by Financial Writer
A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Tags: au, bank, bank of america, banking, banking group, banks, barack obama, ben, borrow, borrowers, borrowing, borrowing costs, business, buyers, California, company, credit market, dealers, Debt, dollar, economist, euro, Europe, fannie Mae, fed, Federal Reserve, finance, financial, financial industry, foreclosure, freddie Mac, general electric, government, home prices, homeowners, housing, housing market, increase, inflation, inventory, Invest, investment, investor, investors, lender, lenders, lending, loan, loans, mortgage, mortgage market, mortgage rates, mortgages, new york, obama, owners, president, rate, rate mortgages, sales, the dollar, unemployment, us, USA
June 5th, 2010 by Financial Writer
The headlines right now are ominous — from the European debt crisis to a gargantuan gulf oil spill to renewed political tensions in several corners of the world. Financial markets have faltered as a result.
But the U.S. economic recovery is still plugging along.
That is the message from the latest wave of economic data, including several [...]
Tags: businesses, debt crisis, economy, economy recovery, euro zone, european economy, Federal Reserve, financial, financial markets, unemployment rate, us economic recovery, USA
May 11th, 2010 by Financial Writer
Inventories at U.S. wholesalers rose for a third month in March, and sales climbed even more, a signal companies will need to step up orders to try to meet demand.
The 0.4 percent gain in the value of stockpiles followed a 0.6 percent increase the prior month, the Commerce Department said today in Washington. Sales gained [...]
Tags: commerce department, economic, financial, inventories, investors, productivity, stock market, us economy, us stocks, USA
May 8th, 2010 by Financial Writer
EU Finance Ministers Race to Ready Euro Fund Before Asia Opens.
European Union finance ministers meet today to hammer out the details of an emergency fund to prevent a sovereign debt crisis from shattering confidence in the 11- year-old euro.
Jolted into action by last week’s slide in the currency to the lowest in 14 months and [...]
Tags: borrowers, economic recovery, economy, economy recovery, Europe, financial, financial crisis, Global Economy, recession, USA
May 7th, 2010 by Financial Writer
Jobless rate rises to 9.9 percent as size of labor force increased
WASHINGTON - U.S. employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery gaining steam.
Employers added 290,000 jobs in April, the Labor Department said Friday, far more than analysts had expected. [...]
Tags: barack obama, businesses, financial markets, Global Economy, stock market, unemployment rate, us economic recovery, us economy, us employment, us job market, USA
May 6th, 2010 by Financial Writer
U.S. productivity rose faster than expected in the first three months of the year, though the gains were more modest than in previous quarters as the recovery continued to take hold.
Separately, the number of U.S. workers filing new claims for jobless benefits fell a third consecutive time last week in a sign that the labor [...]
Tags: business, Dow Jones Industrial, economic, economic recovery, economy, Federal Reserve, interest rates, unemployment, unemployment rate, us economy, us manufactured, us workers, USA
May 1st, 2010 by Financial Writer
The U.S. economy grew at a slower pace in the first quarter, but the underlying trends—including a bigger share of growth from industry, strong consumer spending and low inflation—were encouraging.
The nation’s gross domestic product, the value of all goods and services produced, grew at an annual rate of 3.2% after climbing 5.6% in the fourth [...]
Tags: business, commerce department, consumer spending, Dow Jones Industrial, economy, economy recovery, us economy, USA, wall street
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