Obama administration reports 1.3 trillion dollar deficit
The deficit for the just completed budget year reached 1.3 trillion dollars as tax revenues lag and spending on food stamps and unemployment benefits rise. The report notes a modest year-to-year improvement from last year and warns deficits will shape politics ahead of elections.
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Washington
Obama
Barack Obama
George W. Bush
Wall Street
Congress
Congressional Budget Office
Treasury
Timothy Geithner
White House
Jeffrey Zients
September U.S. retail sales rise beat forecasts
Notable retail sales in the United States climbed more than forecast in September, rising 0.6 percent after an August gain of 0.7 percent. Commerce Department data also showed cooling inflation and stronger New York region manufacturing. Google’s upbeat earnings boosted technology shares, with the Nasdaq up over 1 percent on Apple gains.
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U.S
Commerce Department
Washington
New York
Google
Google Inc
Markets end Friday mixed as stocks slide and futures rise
Dow falls 31.79 to 11062.78 while Nasdaq climbs 33.39 to 2468.77 and the S&P 500 adds 2.38 to 1176.19. Treasury yields hold at 4.00 percent on the 30 year. In commodities, corn drops 4.25 cents to 5.63, soybeans down 3.25 to 11.96, wheat up 45 cents to 7.45, oil gains 1.44 to 81.25.
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Chicago
Kansas City
New York
Gohollywood.com
Acrass
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Social Network
Countrywide CEO Mozilo settles with SEC on 67.5 million deal
Angelo Mozilo and two former Countrywide execs reach civil fraud and insider trading settlements with the SEC. Mozilo must repay 45 million in profits and 22.5 million in penalties, with 25 million covered by an escrow funded by the company. Bank of America will cover most costs due to its 2008 acquisition.
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Los Angeles
Countrywide Financial Corp
Angelo Mozilo
Countrywide
Securities and Exchange Commission
Mean Bank of America Corp
SEC
Bernard Madoff
Jacob Frenkel
Mozile
David Sambol
Eric P. Sieracki
Robert Khuzami
Mozilo
Unions Push in Kansas City Amid Election Volatility
AP reports union organizers led by Aaron Jones urge turnout as labor groups mobilize tens of thousands nationwide. They aim to spend about $100 million to influence nearly 100 House seats 18 Senate races and 14 gubernatorial contests while members face unemployment above 9.5 percent and pension cuts.
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Kansas City
Aaron Jones
Congress
Jones
Service Employees International Union
Barack Obama
Senate
Obama
Edison Research
Associated Press
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