Archive for July, 2009
Dealers warned off Cash for Clunkers
Despite the Obama administration’s promises that any Clunker deals written this weekend would be honored, the National Automobile Dealers Association is advising its members to play it safe and not close any more deals until the program’s fate is clearer.
5 more banks fail
Regulators shut down five regional banks Friday, the Federal Deposit Insurance Corporation said, bringing the total number of banks to fail in the United States to 69 this year.
Honda recalls another 440,000 vehicles
Honda Motor Co. said Friday it widened a previously announced recall to add 440,000 cars that could have a lethal airbag defect.
Illinois files bias suit against Wells Fargo
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Dow ends best July in 20 years
Stocks were little changed Friday after a report showed the pace of the recession is slowing, but the market managed to post its best July in decades.
Stimulus has yet to really boost GDP
The nation’s economy is starting to rebound, but the Obama administration’s massive stimulus package had little to do with it.
Dollar slides to 2009 low
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Oil jumps almost 4%
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Treasurys survive $200 billion onslaught
Treasury prices rose Friday after a record week of debt sales ended on a high note, easing some fears that foreign demand for U.S. debt is wearing thin.
Hmm … tastes like recession
Score one for the green shoots crowd. The second-quarter gross domestic product report Friday clearly showed that the economy is in fact stabilizing.
