News blog
China’s trade surplus plunged in February as sales of goods to the United States and Europe weakened and snowstorms disrupted the economy, the government reported Monday, but analysts said it appeared to be a onetime drop and exports should rebound.
The 63% drop in the trade gap from a year ago was due partly to […]
Filed under: finance by Wolf
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U.S. stocks could face a further pounding this week as evidence mounts that the economy has entered a recession and problems in the financial sector accelerate.
The economic agenda is relatively light until Friday, when the Consumer Price Index will command attention, especially with oil’s jump last week to a record more than $106 a […]
Filed under: legal by Wolf
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GENEVA — General Motors Corp. and Daimler AG unveiled plans Tuesday for lithium-ion hybrids as automakers push to overcome difficulties with a technology that promises to drive hybrid autos to the next level of performance.
Because they are smaller yet more powerful than the nickel-metal hydride batteries used in first-generation hybrid cars, like Toyota […]
Filed under: news by Wolf
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Citigroup Inc (C.N: Quote, Profile, Research) shares sank to their lowest level in more than nine years on Tuesday after a prominent Middle East investor said the largest U.S. bank needs to raise more capital and an analyst projected a $15 billion mortgage write-down.
Shares of Citigroup, a Dow Jones industrial average .DJI component, closed […]
Filed under: money by Wolf
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The Federal Reserve is wrong to lower interest rates while inflation is still a threat and shouldn't bail out investors who made wrong-way bets, economists said in a survey by the National Association for Business Economics.
The share of respondents to the NABE survey saying monetary policy is “about right'' fell to 48 […]
Filed under: management by Wolf
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55
Percentage of students in first through eighth grades across the country who say that they would not want to be president of the United States, according to a poll by Scholastic News
66
Percentage of boy respondents who said they would want to be president
19
Percentage of girl respondents who said […]
Filed under: marketing by Wolf
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The top executive at Eaton Corp (ETN.N: Quote, Profile, Research) said on Friday he expects U.S. industrial output to rebound in the second half of the year after underperforming the wider economy yet again in the first quarter.
In a telephone interview held in conjunction with the Reuters Manufacturing Summit, Sandy Cutler, the diversified manufacturer’s […]
Filed under: marketing by Wolf
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