The Watchmen (Admin)

The US economy grew less than previously thought in the third quarter, as consumer spending was softer than estimated, but the US housing market showed continued signs of strength, figures revealed on Tuesday.

US gross domestic product grew at an adjusted annual rate of 2.8 per cent, the commerce department said on Tuesday. Last month the comme

LONDON (Reuters) - Almost half the financial sector workers in London and New York say they would take sensitive company information with them if they were fired, according to

WASHINGTON (Reuters) - The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, hinting at a lackluster recovery.
Corporate profits surged, howe

Nov. 24 (Bloomberg) -- The Federal Reserve asked nine of the U.S. banks that were part of this year’s stress tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said.

The central bank this month asked Bank of Amer

The Associated Press

NEW YORK (AP) -- After showing signs of improvement in early fall, sales of clothing and luxury goods weakened a bit the first half of Novembe

The Associated Press

Oil slipped towards $77 a barrel Tuesday as markets awaited data expected to show that the pace of U.S. economic recovery

MULTIFAMILY DEFAULTS RISING

Some tenants left in dilapidated buildings

By Robin Shulman
Washington Post
Monday, November 23, 2009

NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and

Visitors to America might have noticed the television ads urging us to buy gold. One such “spokesman”, formerly in charge of managing the government’s hoard of the yellow stuff, including the ingots buried at Fort Knox, points out that the value of gold has never fallen to zero. Why investors are expected to find such a modest claim reassuring I can’t imagine. But something is persuading people to buy gold, driving the price to and past $1,100 per ounce, from about $270 at

Economic Survey: Job Losses to Bottom Out in 1Q

By THE ASSOCIATED PRESS
Filed at 12:42 a.m. ET

Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.

While signs have pointed to the end of the recession

WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.

But that happy situation, aided by ultralow interest rates, m