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Recent news
Bush, Bernanke launch subprime assault
(Reuters)
2007-08-31 Reuters - The Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
the U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
their mortgages. more
Ameriquest closes, Citigroup buys mortgage assets
(Reuters)
2007-08-31 Reuters - Ameriquest Mortgage Co, the largest
U.S. subprime lender as recently as 2005, is closing, the
latest home loan provider to shut down amid the nation's
housing market slump. more
Ameriquest closes, Citigroup buys mortgage assets
(Reuters)
2007-08-31
Reuters - Ameriquest Mortgage Co, the largest
U.S. subprime lender as recently as 2005, is closing, the
latest home loan provider to shut down amid the nation's
housing market slump.
more
New cars seen raising gas mileage levels
(AP)
2007-08-31
AP - New vehicles are expected to set records for average gas mileage in 2007, driven by improved technology and demand for fuel-efficient vehicles, the government reported.
more
U.S. returns to Doha talks with renewed optimism
(Reuters)
2007-08-31 Reuters - The Bush administration returns to
world trade talks next week with renewed optimism, but even the
most ardent supporters of the Doha round see formidable hurdles
to clinching a deal. more
Bush, Bernanke launch subprime assault
(Reuters)
2007-08-31
Reuters - The Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
the U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
their mortgages.
more
Bush and Bernanke spur rally on Wall Street
(Reuters)
2007-08-31
Reuters - Stocks surged on Friday as President
Bush and Federal Reserve Chairman Ben Bernanke reassured
investors they would do what was needed to shelter the economy
from market turmoil.
more
Delphi settles shareholder lawsuits
(Reuters)
2007-08-31 Reuters - Bankrupt auto parts maker Delphi Corp
said on Friday it has settled class action lawsuits
by shareholders and employees that grew out of financial
restatements that were the subject of civil fraud charges the
company settled last year. more
Consumer spending rebounds in July
(AP)
2007-08-31
AP - Consumers returned to the malls in July after taking a breather in June, although worries about the future could make the rebound short-lived.
more
Inflation in check in July but August outlook weaker
(Reuters)
2007-08-31
Reuters - Inflation was under control in July
and U.S. factories were busier than forecast, according to
economic data released on Friday, but other reports showed U.S.
consumer sentiment worsened in August and the outlook for
economic growth weakened.
more
Wall Street surges after speeches
(Reuters)
2007-08-31
Reuters - Stocks surged on Friday after speeches
by President Bush and Federal Reserve Chairman Ben Bernanke
reassured investors that top officials are monitoring market
turmoil and are ready to act as needed.
more
Retailers think skirt may be next fad
(Reuters)
2007-08-31
Reuters - Many U.S. clothing retailers think
the skirt may be the next dress. A strong seller since 2006,
the dress has delighted retailers, but buyers at the Magic
Marketplace apparel trade show this week wanted to be ready
when the trend inevitably ends.
more
Honda exec sees 3 percent rise in 2007 U.S. sales
(Reuters)
2007-08-31
Reuters - Honda Motor Co Ltd (7267.T) is
on track for a 3 percent increase in U.S. sales in 2007, an
executive said on Friday, but he also called on the Federal
Reserve to cut interest rates to boost consumer confidence.
more
Indexes surge on Bush subprime plan optimism
(Reuters)
2007-08-31
Reuters - U.S. stocks surged on Friday, with the
Dow hitting its session high, on optimism a plan by President
Bush to help struggling subprime mortgage borrowers avoid
foreclosure would help loosen credit conditions that have
rattled financial markets.
more
Bernanke: Fed ready to act if turmoil hits economy
(Reuters)
2007-08-31
Reuters - The Federal Reserve will
take the necessary steps to shelter the economy from turmoil in
financial markets but will not bail out investors who made
mistakes, Fed Chairman Ben Bernanke said on Friday.
more
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