Weidmann Says ECB Should Resist Pressure to Use

European Central Bank Governing Council member Jens Weidmann said policy makers should resist pressure to increase government bond purchases in response to the euro region

Thank Uncle Sam for boosting your mortgage payment

While the Federal Reserve is trying to hold mortgage rates down, Congress recently gave them an upward shove.
The bill extending the payroll tax cut, which […]

Unemployment rate falls to 8.5 pct., hiring surges

A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the […]

Euro Falls to 11-Year Low Versus Yen After French Rates Rise at Auctions - Bloomberg

The euro fell to an 11-year low against the yen and reached the weakest in 15 months versus the dollar after French borrowing costs rose […]

Report: States cut funding for tobacco prevention

States have cut funding for tobacco prevention programs 12 percent this year, to the lowest level since 1999, according to a new report that a […]

For Obama, a day of heavy diplomacy in Hawaii

Courting help from Asian powers, President Barack Obama on Saturday sought to improve the beleaguered American jobs outlook with an eye toward next year’s election […]

Boeing gets deal to build additional P-8A aircraft

The U.S. Navy has awarded Boeing $1.7 billion to build seven additional P-8A Poseidon maritime surveillance aircraft, the aerospace company announced Wednesday. The award is […]

Merck quadruples 3Q profit, beats analysts’ views

Drugmaker Merck & Co. says its third-quarter profit soared from results a year-ago quarter that were weighed down by huge acquisition and legal charges.
The maker […]

Mortgage insurer subsidiary seized by regulators

Insurance regulators in Arizona have seized the main subsidiary of private mortgage insurer PMI Group Inc.
A statement on PMI’s website says a court order gives […]

Retailers rush to capitalize on World Series fever

As soon as the last pitch was thrown Sunday night, screen printers on stand-by around St. Louis sprung to action.
They pulled all-nighters in the race […]