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Geithner said financial system> healing |
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Written by Poetic Justice
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Wednesday, 13 May 2009 |
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AFP - US Treasury Secretary Timothy *Geithner*
*said*
Wednesday that the financial system "is *starting to heal* " as a result of massive efforts
to rescue banks and steady the housing market.
49 minutes ago
AP - Retail sales fell for a second straight month in April, a
disappointing performance that raised doubts about whether
consumers were regaining their desire to shop. A rebound in
consumer demand is a necessary ingredient for ending the recession.
4 hours, 19 minutes ago
AP - Continental Airlines Inc. said Wednesday it is closing a call
center in Tampa, Fla., and *cutting*
500 reservation *agents*
companywide.
Reuters - Fashion company Liz Claiborne Inc reported a quarterly
loss deeper than Wall Street expected as retail sales remained weak
in the recession, and its shares fell nearly 12 percent in light
premarket trading.
5 hours, 45 minutes ago
Reuters - The United States is at risk of losing its triple-A
credit rating unless it starts putting its finances in order, a
former head of the agency in charge of fiscal accountability said
in the Financial Times on Wednesday.
6 hours, 2 minutes ago
Reuters - The U.S. Social Security and Medicare retirement and
health programs for the elderly will run short of funds sooner than
previously thought because the recession has taken a toll on tax
revenues, a government report released on Tuesday showed.
6 hours, 22 minutes ago
The U.S. trade deficit rose in March for the first time since last
July as the global recession cut sharply into sales of American
exports. The politically sensitive deficit with China increased.
13 hours, 50 minutes ago
Reuters - The United States posted its first April deficit in 26
years, a record $20.91 billion shortfall as a deep recession caused
revenues to collapse in the year's biggest tax collection month,
the U.S. Treasury said on Tuesday.
20 hours, 1 minute ago
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Last Updated ( Wednesday, 13 May 2009 )
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