Oct. 22, 2010 at 12:18 p.m.
Filed under:
Consumer news,
Economy,
Retail
Chicago Costume has a wide array of items for Halloween, for which people are expected to spend an average of $73, according to an American Express survey. (Alex Garcia/Tribune)
By Dawn Rhodes | Ankit Patel and Valerie Loborec were scouring the aisles at the cavernous Chicago Costume in Lincoln Park, hoping to find the perfect Halloween costume.
Patel, 26, of Lakeview, didn’t want to spend more than $60 and came away empty-handed.
“I just don’t think it’s worth it,” he said, standing next to a display of accessories for two of the hottest themes: Lady Gaga and Jersey Shore cast members. “It’s just one day and you don’t want to wear the same thing over again.” Get the full story »
Oct. 22, 2010 at 10:32 a.m.
Filed under:
China,
Economy,
International,
Policy,
Politics,
Trade
By Reuters
The United States struggled on Friday to win backing for its proposal of setting numerical targets for external imbalances as a way of pressing surplus countries such as China to let their exchange rates rise.
In a letter to fellow finance ministers of the Group of 20 leading economies, U.S. Treasury Secretary Timothy Geithner said countries should implement policies to reduce their current account imbalances below a specified share of national output. Get the full story »
Oct. 22, 2010 at 9:49 a.m.
Filed under:
Economy,
Policy
By Reuters
A measure of future U.S. economic growth fell to a six-week low in the latest week, while the index’s annualized growth rate rose to an 18-week high, a research group said on Friday. Get the full story »
Oct. 22, 2010 at 6:25 a.m.
Filed under:
Bankruptcy,
Economy
By Associated Press
Despite mixed financial signals, rural bankers who responded to a survey in 10 Midwest in Plains states apparently are growing optimistic about the regional economy. The Rural Mainstreet economic report for October says its economic confidence index, which reflects expectations for the economy six months out, rose to 57.3 from 54.9 in September and 46.0 in August. Get the full story »
Oct. 21, 2010 at 5:58 p.m.
Filed under:
Economy,
Housing,
Policy,
Stock activity
By Los Angeles Times
The cost for the huge government bailouts of housing finance giants Fannie Mae and Freddie Mac will grow — and possibly more than double to $363 billion — over the next three years.
But the taxpayer loss depends mainly on the health of the economy and the real estate market, a federal regulator said Thursday. Get the full story »
Oct. 20, 2010 at 5:41 p.m.
Filed under:
Banking,
Earnings,
Economy,
Investing
By Associated Press
Morgan Stanley became the latest investment bank to report weaker results Wednesday from a trading slowdown during the summer, reporting a net loss during the third quarter as revenue fell 20 percent.
Oct. 20, 2010 at 1:40 p.m.
Filed under:
Economy,
Government,
Jobs/employment,
Manufacturing
By Reuters
The U.S. economy grew sluggishly in recent weeks with scant inflation pressures, and employers were reluctant to hire or invest amid economic and policy uncertainties, the Federal Reserve said Wednesday.
The U.S. central bank’s Beige Book provided further evidence the economy is stuck in a weak recovery that is failing to generate jobs. Get the full story »
Oct. 19, 2010 at 5:46 p.m.
Filed under:
Economy,
Jobs/employment,
Policy,
Politics
By Reuters
A string of Federal Reserve officials on Tuesday indicated the central bank will soon offer further monetary stimulus to the economy, with one saying $100 billion a month in bond buys may be appropriate. Get the full story »
Oct. 19, 2010 at 11:03 a.m.
Filed under:
Economy,
Real estate
By Becky Schlikerman | Cook County Sheriff Tom Dart is ordering his deputies to stop carrying out mortgage foreclosure evictions — again. Dart did the same two years ago after finding out many of those his deputies were forcing from their homes had paid their rent faithfully and didn’t know their landlords were having financial problems.
Oct. 19, 2010 at 9:58 a.m.
Filed under:
Economy,
Jobs/employment,
Policy,
Politics
By Reuters
The U.S. Federal Reserve should pump more cash into the economy and temporarily stoke inflation to counter the stifling effects of high unemployment and undesirably low inflation, a top Fed official said on Tuesday.
“For many, my proposal will be a hard pill to swallow,” Chicago Fed President Charles Evans told a group of business leaders in Evanston. Get the full story »
Oct. 19, 2010 at 7:45 a.m.
Filed under:
Economy,
Housing,
Real estate
By CNN
New home construction surged to a five-month high in September, but permits for future building fell to their lowest level in more than a year, the government said Tuesday. Get the full story »
By Reuters
(Reuters/Robert Galbraith)
Apple Inc. easily surpassed profit and revenue forecasts again but supply bottlenecks curbed iPad sales to below Wall Street’s bullish targets, sending its shares more than 6 percent lower.
Weaker-than-projected gross margins and iPad shipments disappointed investors who had expected more from a company that had smashed Wall Street’s targets in each of the past eight quarters.
Some analysts said sales of the iPad, which began only in April, should ramp up in the current quarter as the company resolves hitches in the supply chain. Get the full story »
Oct. 18, 2010 at 3:02 p.m.
Filed under:
Airlines,
Airplanes,
Economy
From USA Today | A small but growing list of airlines are eliminating or reducing rows in the most expensive part of their aircraft as customers increasingly look for cheaper seats. Get the full story ยป
Oct. 15, 2010 at 11:10 a.m.
Filed under:
China,
Economy,
International,
Policy,
Politics,
Trade
By Reuters
The Obama administration faces a tough call Friday whether to label China a currency manipulator, a move long demanded by many U.S. lawmakers but also a potentially big wrench in an important relationship. Get the full story »
Oct. 15, 2010 at 10:04 a.m.
Filed under:
Credit Cards,
Economy
By Reuters
Fewer Americans fell behind on their credit card payments in September, but the pace of improvement slowed again, accelerating fears that banks will not recover from their consumer loan losses for years.
Shares of several major U.S. credit card lenders, including Bank of America Corp, JPMorgan Chase and Co, and Capital One Financial Corp, fell in morning trading on Friday. Get the full story »
