Bernanke Jittery over Nation’s Fiscal Future

Bernanke Jittery over Nation’s Fiscal Future

Ben S. Bernanke, the Federal Reserve Chairman, on Wednesday alarmed that an aging American population posed fiscal challenges for the United States.

In addition to the warning, he wants the nation to rise and begin to prepare for this impending demographic transition.

Oil Refiners Register a Slip on Increased Production

Oil Refiners Register a Slip on Increased Production

Shares of oil refiners registered a fall on Wednesday as investors jittered that the companies had boosted their fuel production by a great extent, exceeding demand.

Light, sweet crude for May delivery slipped, landing at 96 cents, or 1.1%, lower at $85.88 a barrel on the New York Mercantile Exchange. However, the slip is witnessed to be a positive signal for refiners.

Toyota Slapped with $16.4-million Fine over Disclosure of Accelerator Problems

Toyota Slapped with $16.4-million Fine over Disclosure of Accelerator Problems

Toyota's top U. S. Public Relations Executive had cautioned in January that it's high time for the automaker to publically reveal the mechanical problems and to come out clean about sticking accelerator pedals that could cause sudden acceleration.

Pier 1 Swings to Fiscal 4Q Profit

Pier 1 Swings to Fiscal 4Q Profit

Home decor retailer Pier 1 Imports Inc. on Thursday swung to its fourth-quarter profit that surpassed its forecasts, however, it was revealed to be in line with market expectations as the U. S. home goods retailer got a boost on account of strong sales.

Morgan Keegan, 2 Employees Charged With SEC Fraud

Morgan Keegan, 2 Employees Charged With SEC Fraud

The U. S. Securities and Exchange Commission on Wednesday slapped fraud charges on Morgan Keegan & Co., an asset-management subsidiary and two employees, and to the Financial Industry Regulatory Authority filing its own complaint over fraudulently overstating the value of securities supported by subprime mortgages.

Greenspan Encounters Tough Time

Greenspan Encounters Tough Time

Former Fed Chief Alan Greenspan shielded his tenure Wednesday as head of the Federal Reserve, answering some of the cumbersome questions before a panel investigating the roots of the financial crisis.

Managed Float Policy for Yuan

Managed Float Policy for Yuan

An adviser to the People's Bank of China, Xia Bin, said that China should resume a managed float foreign exchange system soon, as the global financial crisis that required the move have since faded. The announcement came a few hours ahead of the meeting between U. S. Treasury Secretary Timothy either and Chinese vice Premier Wang Qishan in Beijing.

H&M Posts Strong Q1 Profits that Beats Forecast

Hennes-Mauritz

Swedish fashion chain Hennes & Mauritz swung to its first-quarter profit on Thursday outpacing expectations and offsetting economic weakness triggered by strong March sales that pointed towards a return to increased spending in the second quarter.

Interest Rates on Hold by Bank of England

Interest Rates on Hold by Bank of England

In the last monthly decision by the Bank of England's rate-setting Monetary Policy Committee, it has been decided not to make any changes in the interest rates, which has left its multibillion pound asset purchasing program on hold. Low interest rates have been maintained for more than a year now.

Retail Sales in 16 Countries Fall at the Fastest Pace

Retail Sales in 16 Countries Fall at the Fastest Pace

It was reported on Thursday by the European Union's statistics agency Eurostat that retail sales in 16 countries who use euro fell at the fastest rate in 13 months in February.

Latest News

A Rise Noted in U.S. Jobless Claims
New FAA Report Reveals Surge in Near-collisions Between Airliners and Drones
OPEC Members to Meet This Week to Decide on Supply Cut Issues
Tiffany & Co Posted a Lower Than Expected  Q3 Report
Best Growth in a Decade for the US Economy
Thanksgiving and Black Friday Shoppers Expected to Start Shopping on Thursday
Some Things You Need to Know About Thanksgiving Travel
According to New FDA Rules Menus will List Calorie Counts
1,200 Pounds of Ground Beef Recalled by Ranchers Legacy Meat Company Due to E. c
Uber Needs to Mend Ways to Correct its Image
Amazon Fire TV Stick will offer stiff competition to Neflix and Hulu Plus
New Chromebook buyers get 1TB free Google Drive storage space
Syndicate content