Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
Amid fears that the US has already dipped into a recession, Bernanke told a congressional hearing that a second fiscal stimulus package could help kick-start the economy.
Congress passed a 150-billion-dollar stimulus package in the spring, offering tax rebate cheques that raised consumer spending and helped boost growth in the second quarter.
Washington - A key gauge of the US economy improved slightly in September, the first rise in five months despite an ongoing financial crisis and fears of a recession in the United States.
The New York-based Conference Board's leading economic indicators rose by 0.3 per cent from August, led by improvements in consumer expectations and an increase in the real money supply.
Six of the 10 indicators that make up the index rose on the month. But key gauges including stock prices, construction and unemployment continued to fall.
New York - Thousands of jobs are likely to be lost as a result of Bank of America's takeover of Merrill Lynch.
The companies hope to save about seven billion dollars by merging, John Thain, the head of Merrill Lynch told the Bloomberg financial news service Monday. That will probably mean several thousand jobs will be eliminated, though no exact figures are available.
They may have always spent the night at Jen’s place, but in what may be a groundbreaking moment in their recently rekindled romance, Jennifer Aniston, the soon-to-be 40 year-old star of the popular TV show ‘Friends’ spent her first night at John Mayer’s bachelor pad on Thursday.
Washington - A key gauge of the US economy improved slightly in September, the first rise in five months despite an ongoing financial crisis and fears of a recession in the United States.
New York - Thousands of jobs are likely to be lost as a result of Bank of America's takeover of Merrill Lynch.
El Segundo - A bleak third quarter report will likely have Mattel, the world's biggest toymake
They may have always spent the night at Jen’s place, but in what may be a groundbreaking moment in their recently rekindled romance, Jennifer Aniston, the soon-to-be 40 year-old star of the popular TV show ‘Friends’ spent her first night at John Mayer’s bachelor pad on Thursday.
