Economy - Most Commented

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New York latest state to cut pension benefits

Mar 15, 2012
New York legislators approve state employee pension cuts by $80 billion over 30 years. Now 44 states have cut benefits to close budget gaps.
Posted In: pensions, New York

Furniture sales growth strongest since 2000

Mar 14, 2012
Furniture sales last month were 8.3 percent higher than a year earlier, and that could mean good news for the overall economy.
Posted In: furniture, sales, Housing

Panama Canal expansion brings competition for East Coast ports

Mar 14, 2012
The Panama Canal is getting a makeover, and it could be a gamechanger for Atlantic coast ports -- that is, if those ports are ready in time.
Posted In: Panama, Panama Canal, ports

Big banks pass Federal Reserve stress tests

Mar 14, 2012
The stock market had its best day of the year yesterday, in large part due to a pleasant surprise, in the form of a report card on stress tests that were taken by the big banks.
Posted In: stress tests, banking, Federal Reserve

Europe reacts to Fed stress test news

Mar 14, 2012
While U.S. stock markets reacted positively to the stress test news, some analysts in Europe still worry about the volatility of CitiGroup.
Posted In: Europe, stress tests, Citigroup, Federal Reserve

What to take away from the Fed's stress tests

Mar 14, 2012
Probing deeper into the cracks that emerged when the Federal Reserve did the torture test on banks, it's tough to get past the few that did not make the grade.
Posted In: stress tests, banking

Banks pass stress tests, Goldman fails an employee review

Mar 14, 2012
Big U.S. banks passed a round of stress tests conducted by the Fed. Meanwhile, one former Goldman Sachs employee is speaking out on the corporate culture there, which he claims leaves much to be desired.
Posted In: stress tests, Goldman Sachs, Wall Street

PODCAST: Stressed about stress tests, a Yankees fragrance

Mar 14, 2012
In an age of skyrocketing gas prices, what can we do to make our cars more fuel efficient? The Panama Canal is getting a makeover. In two years, it'll be able to handle ships that carry twice the cargo they handle now, and that could mean big things for ports on the East Coast of the United States. And Paypal is expected to announce tomorrow that it will launch a service where anyone can send or receive credit card and debit card payments over a smartphone.

The future of U.S. ports after Panama Canal growth

Mar 13, 2012
It's possible America's busiest ports may not stay busy. Southern California currently receives most of the imports shipped from Asia. But that could change with a major expansion of the Panama Canal.
Posted In: california, Panama, port of Long Beach

What to expect from today's Fed meeting

Mar 13, 2012
Can the Federal Reserve really do anything else to help stimulate the U.S. economy?
Posted In: Federal Reserve, economic stimulus

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