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The four cities that best weathered the recession

AP News 3 hours ago

The Final Four: The four large cities that best weathered the recession Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment. Minneapolis, Buffalo, Oklahoma City and Rochester, N.Y., ...

House GOP calls for Fannie, Freddie phase out

Reuters US Online Report Business News 3 hours ago

WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's two mortgage finance giants be phased out in four years in an effort to restore stability to the housing market. The House Republicans offered five goals to guide ...

Key senators fail to reach OTC derivatives pact

Reuters US Online Report Politics News 3 hours ago

WASHINGTON (Reuters) - Senators charged with crafting rules to regulate the $450 trillion over-the-counter derivatives market have failed to reach an agreement, Democratic Senator Jack Reed said on Friday. Reed and Republican Senator Judd Gregg had been trying to write rules to ...

BRITAIN BRITISH AIRWAYS

AP Features 3 hours ago

Chief Executive Officer of British Airways, Willie Walsh, speaks to the media outside the Trade Union Congress headquarter after a meeting with the Unite union about the oncoming strike by the cabin crew, London, Friday, March 19, 2010. A three-day strike by ...

Pay package for Travelers Cos. CEO rises 20 pct

AP News 3 hours ago

Pay package for Travelers Cos. CEO rises 20 percent in 2009 to $20.1 million Travelers Cos. gave its CEO a pay package worth $20.1 million last year, a 20 percent raise over his 2008 pay as the property and casualty insurer benefited ...

Court orders Fed to release bailout documents

Reuters US Online Report Top News 3 hours ago

NEW YORK (Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis. The U.S. Second Circuit Court ...

Belgium Greece Financial Crisis

AP News 4 hours ago

An attendee reads a financial paper prior to a meeting on 'Building a Crisis Framework for the Internal Market' at EU headquarters in Brussels, Friday March 19, 2010. In a Friday speech, European Central Bank President Jean Claude Trichet said the credit ...

'Suzie Wong' star shocked at destruction of old Hong Kong

AFP Global Edition 4 hours ago

Actress Nancy Kwan said Friday she was shocked at the wholesale destruction of the colonial Hong Kong that formed the charming backdrop to her classic 1960 film "The World of Suzie Wong". The former screen siren said her hometown used to be ...

Pressure mounts over IMF role in Greek crisis

AFP Global Edition 4 hours ago

Europe split over IMF intervention for debt-ridden Greece on Friday, upping pressure on national leaders to resolve crisis plans just days from a crunch EU summit. Germany, changing tack, said it was open to the possibility of the International Monetary Fund helping ...

Putin meets Clinton, complains on economy

AFP Global Edition 4 hours ago

Russian Prime Minister Vladimir Putin met US Secretary of State Hillary Clinton on Friday and used the occasion to bemoan Moscow's stalled WTO application and the state of bilateral trade. Russia, the world's largest economy outside the global trade body, has repeatedly ...

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