Business News
Ford Motor Co Surprised Wall Street
Monday, November 2nd, 2009DETROIT – Ford Motor Co surprised Wall Street with a quarterly profit on Monday and raised its 2011 outlook to “solidly profitable,” sending its shares up 5.7 percent in premarket trading.
Ford, the only large U.S. automaker to avoid bankruptcy in 2009, said the third-quarter results were supported by cost cuts, improved credit results and increased [...]
U.S Economy Recovering Obama Says
Saturday, October 31st, 2009WASHINGTON – President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
But he cautioned in his weekly radio address to Americans that “we have a long way to go before we return to prosperity” and more job losses were [...]
U.S. authorities seized nine failed banks
Saturday, October 31st, 2009LOS ANGELES – U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans.
The move brought the total number of failed banks in 2009 to 115 — their [...]
