Bernanke Pushes Bond Purchases as Short-Term Fix
Federal Reserve Chairman Ben Bernanke argues that buying Treasury bonds could lower mortgage and loan rates, boost borrowing and spending, and lift unemployment now. He warns of a future inflation risk but says inaction poses the biggest danger to the economy.
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Washington
Federal Reserve
Ben Bernanke
Treasury
Bernanke
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Jackson Hole
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U.S. delays China currency report amid diplomacy
The Obama administration postponed a report on whether China manipulates its currency until after upcoming world leader meetings. It praised yuan appreciation since June and opened a separate trade policy probe, signaling cautious diplomacy before the November midterms.
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Washington
Obama
China
Treasury Department
Barack Obama
U.S
Beijing
Treasury
IMF
USS
Frank Vargo
National Association of Manufacturers
Vargo
GE 30 profit drops 18 per
General Electric reports a weaker third quarter with sales at 35.9 billion and overall income down 18 percent to 2.06 billion. Higher cash reserves in Japan dented profits, while orders rose for the first time in two years, signaling mixed progress in GE’s industrial core amid a slow U.S. recovery.
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New York
General Electric
Wall Street
GE Capital
Jeffrey Immelt
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Forbes ranking drops Ohio a spot in business list
Ohio slips to 38th in Forbes Best States for Business and Careers rankings, down from 37th. Utah Virginia and North Carolina lead. Maine Rhode Island and Mississippi trailing. Ohio unemployment fell to 10.1 percent in August as signs of growth cited by a Strickland administration spokeswoman.
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Forbes
Ohio
Columbus
Utah
Virginia
North Carolina
Maine
Rhode
Island
Mississippi
Ted Strickland
Cablevision Fox dispute may threaten baseball playoff access
Cablevision customers in New York and Philadelphia could lose access to Game 1 of Major League Baseballs National League Championship Series if Fox and Cablevisions programming deal is not resolved. Both sides dig in as midnight Friday deadline nears with Fox demanding over 150 million annually for 12 Fox channels and stations.
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Phillies
Giants
Fox
New York Area
Philadelphia
Walt Disney Co
ABC
Scripps Networks Interactive Inc
Food Network
HGTV
Cablevision Systems Corp
News Corp
Fox5
My9
New York
Fox29
Fox Business Network
NatGeo Wild
Fox Deportes
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