Fed’s ‘Extended Period’ Rate Pledge Criticized by Some on FOMC

The Federal Reserve’s pledge to keep interest rates close to zero for an “extended period” has come under criticism from policy makers who say […]

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Jobless claims rise unexpectedly

The number of Americans filing first-time claims for unemployment insurance climbed unexpectedly last week.
There were 473,000 initial jobless claims filed in the week […]

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Industrial developer loses $3M foreclosure

An incomplete industrial project is set for public auction after its owner lost a $3.4 million foreclosure lawsuit.
Miami-based Premier American Bank won the judgment on […]

Pimco’s El-Erian Favors Brazil’s Bonds, Chinese Yuan

Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, favors investments in emerging markets on expectations they’ll outpace developed economies in growth […]

Housing and retail news give TSX a boost

The Toronto stock market closed in positive territory Monday as gold hit a new record high and investors took in favourable housing and retail news.
[…]

Summers to lead high-level meeting on economy

White House economic adviser Lawrence Summers will lead a high-level meeting on Monday to discuss the state of the economy, job creation and ways […]

Rise in durable goods orders meets expectations

New orders for long-lasting U.S. manufactured goods rose 1 percent in September, meeting Wall Street expectations, Commerce Department data showed on Wednesday.
This was the […]

Europe Officials Concerned on Dollar, Call Euro Gain ‘Disaster’

European finance officials are concerned the euro’s climb to a 14-month high against the dollar is eroding exports as an aide to French President […]

BOJ Says Need for Credit Steps Waning, Minutes Show

Bank of Japan board members said last month that the need for the central bank’s emergency credit-easing programs was decreasing as companies were finding […]

Winnebago CEO unsure how high business to rebound

The top executive of Winnebago Industries Inc said on Thursday he is not sure how high motorhome industry production will rebound once the market […]