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Secretary of State Hillary Rodham Clinton on Sunday urged China to keep investing its substantial foreign-exchange reserves in U.S. Treasury securities, arguing "we are truly going to rise or fall together." ...more
February 23, 2009
Jabil Is Cutting Work Force, Has Lawsuit Dismissed St. Petersburg electronics manufacturer Jabil Circuit Inc. said Wednesday that it is curtailing its capacity in parts of the world and will trim 3,000 jobs from its work force of 85,000 to match declining customer demand in the midst of the global recession. ...more
January 29, 2009
With the country stuck in a painful recession, the Federal Reserve is widely expected to keep its key interest rate at an all-time low this week and examine other unconventional ways to lift the economy. ...more
January 26, 2009
Banks borrowed in record amounts from the Federal Reserve's emergency lending facility over the past week, but investment banks drew loans at a slightly lower, but still brisk, pace. ...more
October 24, 2008
Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems. ...more
July 31, 2008
A normal U.S. economy is likely to look a lot different, and worse, after the credit crisis is over and financial markets settle down. ...more
May 20, 2008
Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low. ...more
September 28, 2007
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