Fed Lowers Growth Forecast, Raises Inflation

Posted by Financial Market News on May 21st, 2008

The Federal Reserve on Wednesday slashed its economic growth forecast for 2008 and signaled that mounting concerns over inflation would make further interest rate cuts unlikely.

Immelt defends GE’s broad portfolio

Posted by Financial Service News on May 21st, 2008

Jeffrey Immelt has been under pressure to shed more businesses, particularly after the Fairfield-based company's disappointing first-quarter earnings release last month in which profit fell 6 per cent, to ...

Canadians smarter than ever

Posted by Financial Market News on May 21st, 2008

" A new report from the Canadian Council on Learning says the country's overall score on the Composite Learning Index has improved for the second straight year.

Countrywide’s Mozlio is as bad with email as he is with shareholder value

Posted by Financial Service News on May 21st, 2008

Not only is Countrywide Financial CEO Angelo Mozilo horrifically bad at creating value for shareholders, but he's also not so good at managing email.

Technology Again Rules S&P 500

Posted by Financial Market News on May 21st, 2008

Technology Eeks By Financials for Top Spot by 0.1%; Energy Stocks Gain Promenance as Third Largest

SBI blinks, resumes farm equipment loans

Posted by Financial Service News on May 21st, 2008

Amid protests from political outfits and farmers across the country, India's largest lender, State Bank of India [ Get Quote ] , on Wednesday reversed its decision to suspend financing of new tractor and farm ...

Treasury prices rise on stock market retreat

Posted by Financial Market News on May 21st, 2008

Treasury prices climbed Tuesday as another record run in oil prices sent stock market investors fleeing to the safety of government debt.

Check-Cashing Employees Say They Were Fired After Robbery

Posted by Financial Service News on May 21st, 2008

Four employees of a check-cashing company say they were fired after being robbed at gunpoint in the company's stores.

Key inflation indicator up sharply

Posted by Financial Market News on May 21st, 2008

After a couple of months of calm, nervousness returned to financial markets Tuesday.

Oil for 2016 Surges More Than 14% Over Three Days to Almost $140 a Barrel

Posted by Financial Service News on May 21st, 2008

Oil prices are heading to almost $140 a barrel in the next eight years, according to futures contracts on the New York Mercantile Exchange, on concern that growth in supply may fail to keep pace with rising ...


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