<div><p>The US accounting industry agreed Thursday to revamp rules that had required banks to quickly recognize losses from the housing slump and had been blamed by some for worsening the financial crisis.</p><p>The Financial Accounting Standards Board, which sets corporate accounting rules, voted ...
<div><p>Superstrategist Ed Yardeni is quoted by James Pethokoukis in US News &amp; World Report:</p><p>WHAT COULD GO RIGHT</p><p>(1) In the US, lower mortgage rates should fuel a refinancing boom which should lift consumer spending.</p><p> ...
<div><p>Wall Street finally found something to cheer about as the holiday season kicks off, offering hope that the battered stock market has turned a corner.</p><p>Rebounding from multiyear lows, the Dow Jones Industrial Average surged 9.73 percent in an abbreviated week to end ...
<div><p>Investors reeling from a roller-coaster ride face a holiday-shortened trading week expected to see light trade and modest portfolio adjustments ahead of the new year.</p><p>But analysts do not rule out a modest year-end rally to brighten up the mood in the world's ...
