Archive for October 5th, 2009

FTC: Bloggers, testimonials need better disclosure (AP)

The Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time and mandating that testimonials reflect typical results.

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Fed’s Dudley says soft economy warrants low rates (Reuters)

A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal Reserve President William Dudley said on Monday.

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Toyota formally recalls 3.8 million vehicles (AP)

Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas pedal to stick and cause a crash.

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AP Interview: Orszag says economy still needs help (AP)

While the economy is beginning to come out of recession, it has yet to show evidence that it can grow without the help of the government’s $787 billion infusion of taxpayer money, President Barack Obama’s top budget adviser said Monday.

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AP analysis: Signs of recovery in some US areas (AP)

Signs of a slow and fitful recovery emerged in August in some communities across the country where unemployment dropped and foreclosures stabilized, according to The Associated Press’ monthly analysis of economic stress in more than 3,100 U.S. counties.

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Fitch Affirms New York Power Authority’s Power Revs at ‘AA’; Outlook Stable (Business Wire)

NEW YORK—-Fitch Ratings has affirmed the New York Power Authority’s outstanding debt ratings as follows:

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Alabama’s future: More budget cuts likely for 2011 (AP)

Recession-riddled tax collections have forced cuts for Alabama schools and government agencies for two years, and a third year of lean spending appears likely, even with the injection of federal stimulus funds that have helped save many jobs so far.

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Treasurys fall after $7 billion auction (CNNMoney.com)

Treasurys fell Monday after the government received strong demand for its sale of $7 billion worth of 10-year Treasury Inflation Protected Securities.

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Obama puts government on greenhouse-gas diet (AP)

President Barack Obama is putting the federal government on a greenhouse-gas diet. In an executive order signed Monday, Obama directed all agencies to set the first-ever targets for reducing climate-altering pollution from government buildings, fleets and federal workers’ commutes.

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Treasurys little changed despite strong TIPS sale (AP)

Treasury prices were little changed Monday as investors balanced strong results of an auction of inflation-protected bonds against a rising stock market, which sapped demand for safe-haven investments.

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