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| Business Headlines |
| Bernanke says inflation outlook "uncertain"
(Reuters)
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| Reuters - Federal Reserve Chairman
Ben Bernanke on Friday said the stronger dollar and lower oil
prices, along with the weak economy, should curb inflation, in
a hint that interest rates would stay on hold, though he warned
the inflation outlook is "highly uncertain."
-- read full article |
| Fri, 22 Aug 2008 15:39:09 GMT - Yahoo! News: Business |
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| Gap profit beats Street, PacSun disappoints
(Reuters)
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| Reuters - Gap Inc reported a 50
percent jump in quarterly net income on Thursday, beating Wall
Street estimates, as cost-cutting, lower inventories and other
moves that boosted profit offset declining sales at its family
of clothing stores.
-- read full article |
| Fri, 22 Aug 2008 00:03:11 GMT - Yahoo! News: Business |
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| Economy - Thursday
(Investor's Business Daily)
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| Investor's Business Daily - Rates on an average 30-year mortgage fell to 6.47% in the week ended Aug. 21 from 6.52% the week before, Freddie Mac said. The 15-year fixed-rate mortgage fell to 6%, down from 6.07%, while the 5-year adjustable rate dipped to 5.99% from 6.02%. The 1-year adjustable rate rose to 5.29%. Mortgage yields, though dipping in recent weeks, are much higher than they were in the spring. Home loan applications are at a 71/2-year low, the Mortgage Bankers Assoc. said Wed. -- read full article |
| Thu, 21 Aug 2008 22:45:04 GMT - Yahoo! News: Business |
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| KDB says buying Lehman a possibility
(Reuters)
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| Reuters - State-run Korea Development Bank
said on Friday Lehman Brothers was one of its options
for acquisitions, reviving expectations that the U.S.
investment bank might still bring in a large investor.
-- read full article |
| Fri, 22 Aug 2008 08:47:23 GMT - Yahoo! News: Business |
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| Buffett, others say high U.S. debt levels pose risks
(Reuters)
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| Reuters - Warren Buffett, the billionaire
co-founder of a top private equity firm and a prominent voice
for U.S. fiscal responsibility, called on the United States and
its elected officials to combat the nation's fast-growing,
multi-trillion dollar debt load.
-- read full article |
| Fri, 22 Aug 2008 04:53:07 GMT - Yahoo! News: Business |
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| Fannie, Freddie debt rallies on likely bailout
(Reuters)
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| Reuters - Heightened expectations for a
government bailout of U.S. home-funding giants Fannie Mae
and Freddie Mac drove their debt prices higher
on Thursday as investors bet the securities will be guaranteed
by the U.S. government even if shareholders are wiped out.
-- read full article |
| Thu, 21 Aug 2008 18:05:11 GMT - Yahoo! News: Business |
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