Inventories slide for 5 months in a row
March 12, 2009
U.S. wholesale inventories fell for the fifth consecutive month in January and sales plummeted amid a slump in demand, a government report showed Tuesday.
The […]
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Monthly Archive March, 2009
Wells Fargo cuts dividend 85%
March 10, 2009
Wells Fargo & Co slashed its dividend 85% Friday, a widely expected move that the fourth-largest U.S. bank said will save $5 billion a […]
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Record 31.8 million on food stamps
March 8, 2009
A record 31.8 million Americans received food stamps at the latest count, an increase of 700,000 people in one month with the United States […]
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U.S. retailers report February sales drop
March 6, 2009
NEW YORK–With their confidence hitting new lows, shoppers remained focused on groceries and necessities in February, resulting in another month of sales declines for […]
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European Services Shrank at Record Pace in February
March 5, 2009
Europe’s services industries contracted at a record pace in February, pushing the economy deeper into its worst recession in more than a decade.
A […]
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Big banks cut lending rates
March 4, 2009
OTTAWA–Canadians looking for mortgages and business borrowers are getting a break today as the Bank of Canada cut its influential interest rate again by […]
Feds step deeper into Citi bailout
March 3, 2009
The U.S. government waded deeper into the bailout of one of the nation’s largest banks Friday when it announced a deal that will give […]
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BART’s San Jose plan scaled back
March 1, 2009
Cutbacks in state funding and a dour sales tax outlook pushed Valley Transportation Authority officials Friday to back a delay in extending BART to downtown […]