Bernanke signals Fed ready to act – Financial Times
Financial Times Bernanke signals Fed ready to actFinancial TimesBy Robin Harding in Jackson Hole Ben Bernanke sent a clear signal that the US Federal Reserve was ready to do more to support the US economy, saying that its condition was “far from satisfactory”. Speaking at the Fed's annual gathering in Jackson Hole, …Fed Chairman Makes Case for New Steps to Spur GrowthNew York TimesBernanke Signals Readiness to Do MoreWall Street…
Read more...Labor Day gas prices will set a record – Los Angeles Times
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National Geographic Labor Day gas prices will set a recordLos Angeles TimesAs they hit the highway for that last road trip of summer, many drivers will pay more for a gallon of gasoline than during any previous Labor Day holiday weekend. And it isn't all Hurricane Isaac's fault. In California, the recent Chevron Corp.Little relief at the pump this Labor DayBusinessweekPump prices level off but it's too late to bring…
Read more...Analysts’ bleak outlook weighs on Facebook – Financial Times
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Globe and Mail Analysts' bleak outlook weighs on FacebookFinancial TimesBy Kandy Wong in New York Facebook bucked positive market sentiment on Friday after a slew of analysts set target price reductions on the stock. While US equity markets rose on the back of further stimulus hopes from the Federal Reserve, …Facebook stock falls on its face, but don't count it outUSA TODAYFB Hits New Low as BMO, Merrill, Stifel Chop…
Read more...Consumers More Hopeful in August as Debts Fell – New York Times
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New York Times Consumers More Hopeful in August as Debts FellNew York TimesConsumer sentiment hit a three-month high in August as households chipped away at outstanding debt, but Americans were pessimistic about the future, a survey showed on Friday. Separate reports on the manufacturing industry painted a mixed picture, …Consumer Sentiment in US Rose to Three-Month HighBusinessweekConsumer Sentiment Improves as U.S. Merchants Discount: EconomySan Francisco ChronicleConsumer confidence up in August…
Read more...Most new jobs in economic recovery are low-paying, study finds – Los Angeles Times
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Los Angeles Times Most new jobs in economic recovery are low-paying, study findsLos Angeles TimesWASHINGTON — Whereas 6 in 10 jobs lost during the Great Recession paid mid-level wages, the majority of jobs created in the recovery — positions such as store clerks, laborers and home healthcare aides — pay much less, according to a new study.Majority of New Jobs Pay Less Than Those Lost: StudyCNBC.comThe low-wage jobs explosionCNNLow wage…
Read more...3 experts sound off on what could send markets soaring or sinking in the weeks … – Washington Post
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FT Adviser 3 experts sound off on what could send markets soaring or sinking in the weeks …Washington PostNEW YORK — The dull days are almost over. For the last couple of weeks, markets slipped into a late summer lull, with investors seemingly nodding off in their beach chairs. The only thing to get excited about was a long-awaited speech by Federal …What's next for markets? 3 experts weigh inBoston.comFed…
Read more...Fed’s Bullard: May Have to Extend Date on Low Rates – Fox Business – Wall Street Journal
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Telegraph.co.uk Fed's Bullard: May Have to Extend Date on Low Rates – Fox BusinessWall Street JournalBy Anusha Shrivastava Data on the US economy are leaving the Federal Reserve "in limbo" said a central bank official on Friday. The Fed has to decide its next steps in terms of both bond-buying and keeping rates low past the current guideline of 2014 …Jackson Hole paper calls for more potent tool than QE3CNNMoneyBanks…
Read more...Ford Says It Expects Top-Selling Focus to Maintain Sales Pace – Businessweek
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ABC News Ford Says It Expects Top-Selling Focus to Maintain Sales PaceBusinessweekBy Bloomberg News on August 31, 2012 Ford Motor Co. (F), the second-largest US automaker, said it expects to maintain the sales pace for its Focus compact car, which outsold the Toyota Corolla to be the world's best-selling car in the first six months …Will Ford Focus be world's best-selling car in 2012Fox NewsFord says Focus could be world's…
Read more...Europe Pushes for Centralized Supervision of Banks – New York Times
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AFP Europe Pushes for Centralized Supervision of BanksNew York TimesBRUSSELS — The European Commission insisted on Friday that the 6000 banks in the euro area be centrally supervised to prevent future financial crises, even though leading German politicians expressed skepticism about the breadth of the plan.Wall Street Week Ahead: End of summer to bring volume; all eyes on ECBEconomic TimesEU Seeks Greater ECB Role on BanksWall Street JournalBanker Bonuses Would…
Read more...American Airlines and US Airways Enter Merger Talks – New York Times
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USA TODAY American Airlines and US Airways Enter Merger TalksNew York TimesAmerican Airlines and US Airways said on Friday that they had started confidential merger talks, bringing them one step closer to a possible merger. “It does not mean we are merging — it simply means we have agreed to work together to discuss and …American, US Airways begin merger talksNewsdayAmerican, US Airways one step closer to mergerBoston.comWhat an American-US…
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