Archive for March 12th, 2010
Mortgage help: 170,000 get permanent aid
More than 170,000 troubled homeowners are breathing a lasting sigh of relief now that they’ve received permanent modifications under the Obama administration’s foreclosure prevention program.
Stocks near 18-month highs
Stocks ended little changed Friday, as investors welcomed a report that showed a surprise rise in retail sales, but showed caution as the Dow, Nasdaq and S&P 500 lingered below 18-month highs.
Dollar hurt by weak consumer data
The dollar fell Friday against most major currencies except the yen as investors digested conflicting reports on retail sales and consumer confidence.
Yellen in line for Fed No. 2
San Francisco Federal Reserve Bank President Janet Yellen is a leading contender to be the next vice chairman of the central bank, according to White House press secretary Robert Gibbs.
30-year rides auction wave
The 30-year bond continued to rise Friday, carrying over from a successful $13 billion government auction the day before. Other Treasurys remained relatively flat as investors look ahead to statements from the Fed next week.
Oil dips on gloomy consumer sentiment
Oil prices fell Friday, as a preliminary consumer sentiment report came in worse than expected, overshadowing a rosy government retail sales report and a weaker dollar.
$642 million to clean up Lehman — and counting
Unraveling the biggest-ever U.S. bankruptcy case isn’t cheap.
Warriors in the workplace
John Suh wanted to make a good impression on his new mentor. Before their first meeting last November, the 26-year-old former Army officer came up with a clear outline for what he hoped to get out of the relationship and rehearsed what he would say when the time came. “I went in there with a plan,” says Suh. “I knew this was an incredible chance to expand my network. It’s not like I have any relatives or friends who are CEOs of giant media conglomerates.”
Google’s privacy challenge
When dealing with privacy, Google often finds itself walking a tightrope.
Health care: Going from broken to broke
A few nights ago in the historic Renaissance Grand Hotel in St. Louis, Mo., President Obama reassured a crowd of Senator Claire McCaskill supporters that health-care reform wouldn’t just be good for their health, it would be good for the health of the country: “I said at the beginning of this thing we would not do anything that adds to our deficit,” he said to the clapping audience. “This plan does not do anything to add to this deficit. And that’s how we should be operating.”
