Archive for the 'Business' Category

Is Upside Surprise In Store For GDP? (Investor’s Business Daily)

Investor's Business Daily - Economy: Everyone agrees the economy's in the tank and headed for recession -- if not already in one. The first quarter was weak, and the second quarter will be weaker, the argument goes. Hold on just one minute.

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admin on July 24th 2008 in Business

Title insurer Fidelity National’s net sinks 92 percent (Reuters)

Reuters - Fidelity National Financial Inc , which controls one of the largest U.S. title insurers, said on Wednesday second-quarter profit tumbled 92 percent as the housing slump cut into home sales and refinancings.

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admin on July 24th 2008 in Business

Fed says price pressures gain, growth slackens (Reuters)

In this July 16, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee hearing on Capitol Hill in Washington. The chairman's financial disclosure form, released Monday, July 18, 2008, showed his holdings last year were in no-fills investments, including U.S. Treasury securities, Canadian Treasury bonds, mutual funds and annuities. (AP Photo/Susan Walsh, file)Reuters - The United States faced increasing inflationary pressures in recent weeks amid slowing economic growth, the Federal Reserve said on Wednesday, as it described conditions in some areas as "grim," "morose" or "bleak."


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admin on July 24th 2008 in Business