ALL BUSINESS: Dissecting the facts in Michael Moore’s new film ‘Capitalism: A Love Story’NEW YORK — Despite the title of his new movie, Michael Moore really hates capitalism. He says it’s a scheme for businesses to profit at the expense of the little guy. Fed pushes $1.45 trillion housing market plan into 2010; mortgage rates expected to stay lowWASHINGTON — Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Western lawmakers angry that stimulus money intended for wildfires going to DC parksWASHINGTON — Nearly $3 million in stimulus money targeted for fighting wildfires is being spent to restore public parks and watersheds in the nation’s capital, which has no national forests. Improved outlook from the Fed wasn’t enough to restart stock market’s rallyNEW YORK — Investors were encouraged by the Fed’s latest improved assessment of the economy, but not enough to propel the Dow Jones industrial average past 10,000. Geithner supportive of exempting some businesses from proposed financial oversight agencyWASHINGTON — Ceding ground amid growing business opposition, the Obama administration on Wednesday signaled a willingness to exempt retailers, real estate brokers, lawyers, auto dealers, cable companies and accountants from oversight of its proposed Consumer Financial Protection Agency. Rising amid squalor, Senegal monument stirs criticism of wasteful spendingDAKAR, Senegal — Towering on a hilltop overlooking the Atlantic, the 160-foot-high bronze statue depicting a family rising triumphantly from a volcano is supposed to symbolize Africa’s renaissance. Stock market takes some comfort from Fed’s improved outlook; Major indicators trade mixedNEW YORK — Stocks traded in a tight range Wednesday as investors took some solace from a slightly improved assessment of the economy from the Federal Reserve. Dollar hits fresh 12-month lows as Fed keeps interest rate near zero, says economy ‘picked up’NEW YORK — The dollar hit a fresh 12-month low, then bounced back a bit in later trading as the Federal Reserve left interest rates at a range near zero, saying it will keep them there for a long time amid gradual improvements in the economy, and did not announce any new liquidity measures. Stocks rise to 11-month highs after Federal Reserve says economic activity has picked upNEW YORK — A more upbeat assessment of the economy from the Federal Reserve sent stocks higher Wednesday, pushing the Dow Jones industrial average closer to 10,000. Fed slows $1.45 trillion mortgage program; says economic activity ‘picked up’WASHINGTON — With the economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market. Stocks creep higher as investors await conclusion of Fed policy meetingNEW YORK — Stocks crept higher Wednesday afternoon ahead of the Federal Reserve’s decision on interest rates. Treasury prices decline after weakening demand seen at 5-year note auctionNEW YORK — Treasury prices fell Wednesday, pushing their yields higher, after results from an auction of five-year notes showed weaker demand for government debt. Stocks waver as investors await conclusion of Fed policy meeting, oil fallsNEW YORK — Investors are waiting for word from the Federal Reserve before making any big moves in stocks. Stocks slip as investors await conclusion of Fed policy meeting, oil fallsNEW YORK — Stocks edged lower early Wednesday as investors awaited word from the Federal Reserve. Stocks hold steady as investors await conclusion of Fed policy meetingNEW YORK — Investors are waiting for word from the Federal Reserve before making any big moves in stocks. STIMULUS WATCH: Youth unemployment high despite US program; critic says ‘too little, too late’FRESNO, Calif. — The Obama administration’s economic stimulus program to find jobs for thousands of teenagers this summer couldn’t overcome one of the bleakest job markets in more than 60 years that had desperate adults competing for the same kind of work. US stock futures rise slightly as investors await conclusion of Fed policy meetingNEW YORK — Stock futures are creeping higher Wednesday as investors await the Federal Reserve’s decision on interest rates. US stock futures hold steady as investors await conclusion of Federal Reserve’s policy meetingNEW YORK — Stock futures are little changed Wednesday as investors await the Federal Reserve’s decision on interest rates. House votes to give jobless Americans in 27 states another 13 weeks of benefitsWASHINGTON — With no end in sight to the country’s job market woes, the House has agreed to give the jobless in a majority of states another 13 weeks of unemployment insurance benefits. To foster recovery, Fed likely to leave rates at record-low, economic supports in placeWASHINGTON — Nurturing a nascent recovery, Federal Reserve policymakers are sure to leave a key interest rate at a record low and probably will keep other economic supports in place. House votes to extend jobless benefits 13 weeks in high-unemployment statesWASHINGTON — Jobless workers in imminent danger of losing their unemployment benefits would get a 13-week reprieve under legislation approved by the House on Tuesday. Summary Box: FDIC weighs steps, including loans from banks, to shore up insurance fundTHE PROBLEM: The fund to insure deposits has been depleted by bank failures since the financial crisis struck. FDIC weighs extraordinary steps, including loans from banks, to shore up insurance fundWASHINGTON — The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits. Commodities rebound from prior day’s losses as dollar weakens against other currenciesNEW YORK — A tumbling dollar has renewed demand for commodities. FDIC considers borrowing from banks to replenish dwindling insurance fundWASHINGTON — Regulators have approached big banks about borrowing billions to shore up the dwindling fund that insures regular deposit accounts. Report: FDIC considers borrowing from banks to replenish dwindling insurance fundWASHINGTON — Healthy big banks may lend billions to shore up the government fund that insures regular deposit accounts, according to a report Tuesday. Stocks rise in early trading ahead of Fed meeting as commodities, world markets reboundNEW YORK — A rebound in commodities drew investors back into the stock market and helped push stocks to new highs for 2009. A look at the top-selling vehicles through the government’s Cash for Clunkers programThe government posted new data late Friday on the government’s Cash for Clunkers rebate program. Here’s a look at the top-selling new vehicles through the program when multiple engine options, flexible-fuel vehicles and hybrid versions are taken into account. Despite focus on cleaner cars, trucks and SUVs are big sellers under Cash for Clunkers programWASHINGTON — Pickup trucks and sport utility vehicles were big sellers under the Cash for Clunkers program despite the federal government’s focus on replacing gas guzzlers with more fuel-efficient cars. AIG shares gain over 20 percent after talk of bailout revamp between key lawmaker, GreenbergWASHINGTON — Shares of American International Group Inc. jumped more than 20 percent Monday after the head of the House Committee on Oversight and Government Reform said that panel will examine a plan to reduce the company’s massive bailout package. |
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