Friday, December 13, 2013
U.S. retail sales rose solidly in November, adding to signs of a strengthening economy that could draw the Federal Reserve closer to reducing the pace of monetary stimulus.
The White House is close to nominating former Israeli central bank chief and Ben Bernanke mentor Stanley Fischer as vice chairman of the Federal Reserve, media reports said Wednesday.
Wednesday, December 11, 2013
The U.S. Treasury sold its last shares in General Motors on Monday, ending the dramatic rescue of the auto giant at the height of the financial crisis five years ago.
U.S. household net worth hit a record high in the third quarter as home prices marched up and the value of stocks and mutual funds surged, a hopeful sign for the economic recovery.
Monday, December 9, 2013
Peter, 55 years old and homeless, is standing at a Stockholm supermarket, carrying the two objects that help him make a living: a stack of magazines and a debit card reader.
A Mexican Senate committee unveiled a proposal Saturday to reform the state-run oil sector, opening the door to private companies and investment for the first time in decades.
The backlog of foreclosure cases got so bad that the Florida State Courts Administrator prodded judges in September with a new data collection system.
Sunday, December 8, 2013
Former Goldman Sachs Group Inc. trader Matthew Taylor was sentenced Friday to serve nine months in prison and pay US$118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized US$8.3 billion futures trade in 2007.
Saturday, December 7, 2013
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The gains in the job market could spur greater economic growth.
Friday, December 6, 2013
The U.S. Justice Department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase & Co.'s US$13 billion settlement, U.S. Attorney General Eric Holder said on Wednesday.