Archive for December 2nd, 2009

Senator moves to block Bernanke confirmation (AP)

Irked by the Federal Reserve’s bailout of Wall Street, Sen. Bernie Sanders of Vermont said Wednesday that he will seek to block the Senate from confirming Ben Bernanke to a second term as chairman of the nation’s central bank.

No Comments

Sen. Bernie Sanders puts hold on Bernanke’s 2nd term (CNNMoney.com)

On the eve of what’s expected to be a tough confirmation hearing Thursday, one senator has thrown up a political roadblock intended to stymie Federal Reserve Chairman Ben Bernanke’s second term.

No Comments

Fed officials say timing exit difficult (Reuters)

Federal Reserve officials sounded a relatively upbeat note on the U.S. economy on Wednesday, but warned timing withdrawal of the bank’s extraordinary support for the economy will prove difficult.

No Comments

Neb. company poised to lose organic certification (AP)

Promiseland Livestock will lose its organic certification for four years unless it appeals a ruling issued last month because the company kept inadequate records and refused to let USDA inspectors review the records it did have.

No Comments

Tilt To Growth Is A Winner For Alger Funds (Investor’s Business Daily)

Many fund companies that focus on growth have added value and other styles to the lineup. At Fred Alger Management, the emphasis remains on growth.

No Comments

Big-Cap Growth Led In November On Wings Of Rally (Investor’s Business Daily)

The precious metals sector led stock funds in November as they snapped back from declines in October. Bond funds invested in Treasuries generally…

No Comments

China’s Reluctance To Let Yuan Rise Is Mixed Bag For U.S. (Investor’s Business Daily)

Chinese leaders have so far resisted U.S. and global calls to let the yuan rise vs. the dollar. At least from their perspective, they see good…

No Comments

Economy – Wednesday (Investor’s Business Daily)

U.S. bailout program to end soon

No Comments

Collective Brands reports lower 3Q profit (AP)

Shoe retailer Collective Brands Inc. said Wednesday its third-quarter profits fell 22 percent but its sales rose slightly thanks to factors including a plug from Oprah Winfrey.

No Comments

‘Job Summit’ Ignores Job Creators (Investor’s Business Daily)

Recovery: The White House will hold its jobs summit Thursday. Don’t expect this administration, so deeply devoted to government, to actually do…

No Comments