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Slower factory output growth lets China restructure (Reuters) (Jul-19, 21:40 EDT )-- Reuters - Slower industrial output growth in China is appropriate and will help the country to upgrade the structure of its economy, an official said on Tuesday.
60 votes in place, Dems ready to extend jobs money (AP) (Jul-19, 20:36 EDT )-- AP - With a new face and a 60th vote for breaking a Republican filibuster, Senate Democrats are preparing to restore jobless checks for 2.5 million people whose benefits ran out during a congressional standoff over deficit spending. President Barack...
US gay rights group gets UN accreditation (AP) (Jul-19, 20:19 EDT )-- AP - The U.N. Economic and Social Council voted Monday to accredit the U.S.-based International Gay and Lesbian Human Rights Commission after strong lobbying by the Obama administration.
Goldman executive denies fraud (Reuters) (Jul-19, 20:11 EDT )-- Reuters - Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in marketing a subprime mortgage product and asked a court on Monday to dismiss the case.
Rates on Treasury bills mixed at weekly auction (AP) (Jul-19, 17:33 EDT )-- AP - Interest rates on short-term Treasury bills were mixed in Monday's auction, as rates on three-month bills rose and six-month bills fell.
Obama: Republicans playing politics with jobless (Reuters) (Jul-19, 15:57 EDT )-- Reuters - President Barack Obama accused his Republican opponents on Monday of playing election-year politics by refusing to join with Democrats in approving an extension of U.S. jobless benefits.
Delta posts $467M profit in 2nd quarter (AP) (Jul-19, 15:55 EDT )-- AP - Delta Air Lines Inc. reported its largest quarterly profit in a decade Monday but investors dumped its shares as sales didn't meet expectations and the carrier gave a cautious outlook amid economic uncertainty.
Obama to GOP: Restore unemployment benefits now (AP) (Jul-19, 15:11 EDT )-- AP - President Barack Obama took aim at Republican lawmakers Monday, accusing them of holding the public hostage to Washington politics by blocking extended unemployment benefits for millions of out of work Americans.
A $12 billion leasing spree lifts air show (Reuters) (Jul-19, 15:07 EDT )-- Reuters - Aircraft leasing firms made a major comeback on Monday, as industry veteran Steve Udvar-Hazy dropped $4 billion on A320s and former arch-rivals at General Electric doubled his efforts.
World warned energy path unsustainable at US talks (AFP) (Jul-19, 14:49 EDT )-- AFP - Major economies looked Monday at how to cooperate in shifting to cleaner sources of energy, with a top policy board warning the world's current path was unsustainable.
A look at global economic developments (AP) (Jul-19, 14:20 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Monday:
Carlyle adds to flurry of deals with acquisitions in Australia and Brazil (Jul-19, 14:08 EDT )-- The Carlyle Group announced two globe-spanning, health-related deals Monday, one in Australia and the second in Brazil, as the District-based private equity firm continues to be one of the most active in the buyout business. Australia - Carlyle...
Moody's cuts Ireland on bank, growth worries (Reuters) (Jul-19, 14:03 EDT )-- Reuters - Moody's cut Ireland's credit rating on Monday, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts.
Summary Box: Homebuilders losing confidence (AP) (Jul-19, 13:54 EDT )-- AP - PESSIMISM GROWS: Homebuilders are feeling less confidence about their industry, more evidence that the economic recovery is slowing.
US gay rights group gets UN accreditation (AP) (Jul-19, 13:52 EDT )-- AP - The U.N. Economic and Social Council has voted to accredit the International Gay and Lesbian Human Rights Commission after strong lobbying by the U.S. administration.
Federal spending puts new wave of conservative Democrats in a vulnerable spot (Jul-19, 13:36 EDT )-- BUTLER, PA. -- Two years ago, Kathy Dahlkemper, a dietitian and mother of five from Erie, Pa., won a seat in Congress on a pledge to do something about the national debt. Then she went to Washington -- and immediately voted to jack up borrowing by...
Bernanke must appear concerned, not desperate (Reuters) (Jul-19, 13:17 EDT )-- Reuters - How much would the U.S. economy have to weaken for the Federal Reserve to try to push borrowing costs even lower?
5 Reasons You Are Not Saving Enough for Retirement (U.S. News & World Report) (Jul-19, 12:59 EDT )-- U.S. News & World Report - A large portion of the U.S. workforce isn't on track to retire with adequate savings, according to a recent study by Hewitt. Here are five reasons that you might not be saving enough for retirement and how to motivate...
Firms want to rehire; skilled workers scarce (Reuters) (Jul-19, 12:52 EDT )-- Reuters - Fifty-four percent of large U.S. businesses that laid off employees in the past year want to rebuild their workforces but some will have trouble finding sufficiently skilled people to hire, a study said on Monday.
Obama says Republicans playing politics with jobless (Reuters) (Jul-19, 12:44 EDT )-- Reuters - President Barack Obama accused his Republican opponents on Monday of playing election-year politics by refusing to join with Democrats in approving an extension of U.S. jobless benefits.
Why You Could Be Saving Too Much For Retirement (U.S. News & World Report) (Jul-19, 12:10 EDT )-- U.S. News & World Report - If you're saving 10 percent of your income for the future or investing for retirement, congratulations. Even if you never become rich in your lifetime, you'll likely be in a better financial situation than most Americans when...
Homebuilders losing confidence in the recovery (AP) (Jul-19, 11:39 EDT )-- AP - Homebuilders are feeling increasingly pessimistic about their industry, more evidence that the economic recovery is slowing.
OECD: Reform needed for SAfrica economic growth (AP) (Jul-19, 11:37 EDT )-- AP - An international economic body on Monday urged South Africa to use the success of hosting the recent FIFA World Cup to implement labor and market reforms that could deliver higher employment and living standards.
Investor reaction to market stress set to change (FT.com) (Jul-19, 11:35 EDT )-- FT.com - Since late April investors have, according to most surveys, built up major money market positions and, as reflected in the current low yield levels, significant long positions in US Treasuries and German Bunds. This flight to safety was...
Obama slams Republicans over jobs benefits (AFP) (Jul-19, 10:54 EDT )-- AFP - US President Barack Obama on Monday slammed Republicans for blocking an extension of unemployment benefits, charging that the minority party was failing desperately needy Americans.
Obama takes another shot at GOP over blocking unemployment benefits (Jul-19, 10:47 EDT )-- With the Senate poised to finally pass an extension of unemployment benefits, President Obama went to the Rose Garden to take another shot at the Republicans who have repeatedly blocked the measure, causing a lapse in payments for 2.5 million of the...
Bank of America to Customers: Get Out and Stay Out! (The Motley Fool) (Jul-19, 10:44 EDT )-- The Motley Fool - Big Wall Street banks aren't anyone's favorites right now. With such a bad reputation, does it really make sense for a bank to give its loyal customers a big incentive never to step inside its doors again?
Leasing magnate buys big at air show (Reuters) (Jul-19, 09:54 EDT )-- Reuters - Leasing legend Steve Udvar-Hazy kicked off a stampede of savvy financiers into the Farnborough Airshow on Monday, as aircraft lessors opened their cheque books to help pull the industry out of recession.
Homebuilders less confident in housing market (AP) (Jul-19, 09:41 EDT )-- AP - Homebuilders' confidence in the housing market has sunk to the lowest level in more than a year, fresh evidence that the economic recovery is slowing.
Afghanistan plans ambitious vision for the future (Reuters) (Jul-19, 09:28 EDT )-- Reuters - Afghanistan will seek greater control of billions in development funds at a major international meeting on Tuesday, promising in return to take on more responsibility for security as well as generate economic growth.
Summary Box: Car loans a little easier to come by (AP) (Jul-19, 09:26 EDT )-- AP - THE TREND: Auto loan approval rates have improved over the last year for customers regardless of their credit rating. Those with subprime credit faced the biggest challenge as the economy slid into recession with approval rates falling from the 60...
July homebuilder confidence at 15-month low (Reuters) (Jul-19, 09:04 EDT )-- Reuters - Home-builder sentiment fell more-than-expected in July to the lowest level in more than a year after a popular home-buyer tax credit expired in April, the National Association of Home Builders said on Monday.
Moody's downgrades Ireland on bank and growth worries (Reuters) (Jul-19, 09:04 EDT )-- Reuters - Moody's cut Ireland's credit rating on Monday, warning the country faces a slow climb out of recession as the cost of a rescue of its banking sector mounts.
Obama gets tough on jobless benefits (Jul-19, 08:57 EDT )-- The gloves are off. For the second time in three days, President Obama is planning to unload on his Republican adversaries, calling them out for blocking the passage of emergency unemployment insurance. A White House official says the president will...
Facebook to hit 500 million users, but meteoric rise has come with growing pains (Jul-19, 08:49 EDT )-- Facebook is expected to say this week that it has reached 500 million users, making it the biggest information network on the Internet in a meteoric rise that has connected the world into an online statehood of status updates, fan pages and picture...
European stocks rebound slightly (AFP) (Jul-19, 08:18 EDT )-- AFP - European equity markets rose on Monday, bouncing back from pre-weekend losses that were suffered on the back of poor US economic data.
Obama presses for extension of jobless benefits (Reuters) (Jul-19, 08:18 EDT )-- Reuters - U.S. President Barack Obama will seek on Monday to pressure Republicans to pass an extension of unemployment benefits that he says is crucial to help middle-class families hit by the recession.
Obama to GOP: Restore jobless benefits (AP) (Jul-19, 05:02 EDT )-- AP - President Barack Obama will call on Republican lawmakers to stop blocking an extension of unemployment benefits as the Senate prepares to take up the issue again this week.
Benmosche tightens grip on AIG with new AIA boss (Reuters) (Jul-19, 04:09 EDT )-- Reuters - American International Group
Economists say recovery continues, but pace slows (AP) (Jul-19, 02:52 EDT )-- AP - Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.
Summary Box: Survey says recovery continues, slows (AP) (Jul-19, 01:16 EDT )-- AP - SURVEY SAYS: The U.S. recovery continued during the second quarter but the pace of growth slowed, a new survey by The National Association for Business Economics shows.
Firms plan to hire but service sector lags: survey (Reuters) (Jul-18, 23:07 EDT )-- Reuters - Plans by U.S. firms to increase payrolls over the next six months have risen to the highest level since January 2008, but some service sector companies still see layoffs, according to a survey released on Monday.
Neil's Must Reads (Jul-18, 23:00 EDT )-- A key question for the Federal Reserve as it weighs whether to respond to the weakening economy with more bond purchases is whether such steps would actually help the economy. A new paper from the Bank of England suggests that similar action by that...
Auto manufacturers want to put brakes on Mass. right-to-repair law (Jul-18, 23:00 EDT )-- Mom-and-pop repair shops in Massachusetts are pushing a bill that would require auto manufacturers to provide, at a price, all the diagnostic and software information they make available to their dealerships. Automobile - United States - Business...
Featured Advertiser (Jul-18, 23:00 EDT )
APPOINTMENTS (Jul-18, 23:00 EDT )-- Catapult Technology of Bethesda named Joe Sanchez business development director. England - Windows - Shareware - Personal Information Managers - Health
Investors set record buying U.S. Treasury securities (Jul-18, 23:00 EDT )-- For the first time since the government started collecting the data, central banks, mutual funds and U.S. banks are buying more government securities at Treasury auctions than Wall Street's bond dealers. Business - Government - Finance - Debt...
Bankruptcies (Jul-18, 23:00 EDT )-- These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - Law - United States - Services - Lawyers and Law Firms
(Jul-18, 23:00 EDT )-- Alice P. Frazier Executive vice president and chief operating officer of Cardinal Financial, a financial institution headquartered in McLean.
TARP auditor criticizes Obama administration's push to close auto dealerships (Jul-18, 23:00 EDT )-- The Obama administration's request that General Motors and Chrysler Group accelerate the closing of U.S. dealerships probably was unnecessary and may have added to unemployment, a government watchdog said. Presidency of Barack Obama - United...
New at the Top: Alice P. Frazier, Cardinal Financial (Jul-18, 23:00 EDT )-- My sisters and I grew up riding horses. Equestrianism was such a large part of my life. I never thought I would do anything else. I even started my college career as an equestrian major. It wasn't until one of my sisters had a really bad accident that...
Face Time: D.C area tech events (Jul-18, 23:00 EDT )-- TUESDAY Professional Networking Breakfast. Get a head start on your competition with structured business-building networking. 7:30 to 9:30 a.m., Joe Theismann's Restaurant, 1800 Diagonal Rd., Alexandria. Sponsor: Alexandria Chamber of Commerce. Cost:...
Financial news schedule: July 19-25 (Jul-18, 23:00 EDT )-- It will be a big week for Ben S. Bernanke, and the scheduled release of some key June housing data should show the effect of the end of the home buyer tax credit. Business and Economy - Financial services - United States - New York Stock Exchange...
Bankers worried over European bank stress tests (Reuters) (Jul-18, 22:04 EDT )-- Reuters - Senior bankers and regulators across Europe are worried that markets could misinterpret the outcome of a test of how resilient European banks are to economic shocks, the Financial Times said on Monday.
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