Feb. 23 at 10:13 a.m.
Filed under:
Economy,
Policy
By Dow Jones Newswires-Wall Street Journal
The cash-strapped state of Illinois will likely offer juicy yields to entice buyers of a $3.7 billion taxable pension bond expected to be sold Wednesday in the municipal-bond market.
According to a term sheet, initial price talk for the longest maturity in the offering, dated 2019, is about 2.40 percentage points above comparable Treasurys, for a yield of about 5.85%. That is about 1.79 percentage point more than comparably rated nine-year debt from cigarette maker Philip Morris International Inc., which traded at 0.61 percentage point above Treasurys on Tuesday. It is also 0.05 percentage point tighter than the initial price target on the deal for that maturity. Get the full story »
Feb. 21 at 10:55 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
President Barack Obama’s budget proposal would be “marginally positive” for U.S. credit ratings in the short term, but there is “almost no chance” Congress will pass the plan as it was presented, Moody’s Investors Service said on Monday. Get the full story »
By CNN
At a time when states are slashing spending to deal with staggering budget shortfalls, there’s one area they’re not cutting: tourism ads.
Think “Virginia is for Lovers,” “Connecticut: Closer than you think” and “Explore Minnesota.” Get the full story »
Feb. 18 at 11:40 a.m.
Filed under:
Economy,
Policy,
Politics
From Bond Buyer | Illinois plans to sell $3.7 billion of taxable general obligation bonds Tuesday and Wednesday, the state said Friday morning.
Feb. 17 at 3:00 p.m.
Filed under:
Economy
By Associated Press
Most commodity prices are climbing after a new government report indicated inflation may be inching higher, with prices for wheat, corn, soybeans and metals all higher. Energy contracts are mostly lower. Get the full story »
Feb. 17 at 7:27 a.m.
Filed under:
Economy,
Technology
By Reuters
Apple Inc. Chief Executive Steve Jobs will attend a meeting in California on Thursday with U.S. President Barack Obama, a source familiar with the meeting said. Facebook founder Mark Zuckerberg, General Electric Co. Chief Executive Jeffrey Immelt, Google Inc. Chief Executive Eric Schmidt will also attend the meeting, the source told Reuters. Get the full story »
Feb. 16 at 1:18 p.m.
Filed under:
Economy,
Government,
Jobs/employment
By Reuters
U.S. Federal Reserve officials are increasingly confident of the economic recovery but remain unsatisfied with the healing of the job market, minutes of their January meeting released Wednesday showed.
“Participants generally expressed greater confidence that the economic recovery would be sustained,” the Fed said. Get the full story »
Feb. 16 at 8:23 a.m.
Filed under:
Economy,
Manufacturing
By Reuters
U.S. industrial output unexpectedly fell in January as a return to normal winter temperatures caused a sharp fall in utility output, while production from mines also fell, a Federal Reserve report showed on Wednesday.
Industrial production fell 0.1 percent in January after an upwardly revised 1.2 percent jump in December, which had been driven by unseasonably cold weather that spiked heating demand. Get the full story »
Feb. 16 at 7:47 a.m.
Filed under:
Economy,
Manufacturing
By Reuters
U.S. producer prices rose 0.8 percent in January in line with expectations on an increase in energy prices, a Labor Department report showed Wednesday. Get the full story »
Feb. 15 at 11:53 a.m.
Filed under:
Economy,
Retail
By CNN
Retailers logged slight increases in store sales last month as consumers focused primarily on paying for groceries and gasoline, the government reported Tuesday.
The Commerce Department said total retail sales rose 0.3 percent last month. Get the full story »
Feb. 15 at 6:18 a.m.
Filed under:
Economy,
Policy,
Politics,
Updated
By Associated Press
The House Budget Committee chairman says Republicans don’t want to see the government shut down in a fight with President Barack Obama over spending priorities.
Wisconsin Republican Paul Ryan also tells ABC’s “Good Morning America” the GOP doesn’t want to “rubber stamp” spending policies it opposes just to keep the government running. Get the full story »
Feb. 14 at 7:58 a.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
Feb. 9 at 5:43 p.m.
Filed under:
Credit Cards,
Economy,
Policy,
Politics
By Reuters
The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a top official testifies before a congressional panel next week. Get the full story »
Feb. 9 at 3:27 p.m.
Filed under:
Economy
By Associated Press
The dollar lost ground Wednesday after a speech by Federal Reserve Chairman Ben Bernanke suggested that the central bank will keep interest rates at record lows and continue its $600 billion bond purchases. Get the full story »
Feb. 9 at 10:39 a.m.
Filed under:
Economy,
Jobs/employment
By Reuters
U.S. unemployment remains too high despite increasing signs of economic strength, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday, suggesting the central bank would push on with its $600 billion stimulus program. Get the full story »
