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Stocks strong despite drop in retail sales
Investors kept their focus on an economic recovery, shaking off disappointing retail-sales news and buying stocks in riskier industries. Wall Street's major indexes Thursday held on to their gains from the big rally that followed the Federal Reserve's upbeat comments a day earlier.
The Salt Lake Tribune

Federal Reserve places restrictions on Arizona Bancshares
Arizona Bancshares Inc., the holding company for First State Bank, has signed a written agreement with the Federal Reserve Bank of San Francisco that severely limits its business activity and operations.
Biz Journal

Retail sales fall, new jobless claims rise
WASHINGTON (Reuters) - Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.
Reuters

Asian markets gain amid signs recession easing
Most Asian markets extended gains Friday underpinned by rising commodity stocks amid more signs the world economy is emerging from a deep recession. In the U.S. Thursday, investors remained emboldened by the Federal Reserve's more optimistic prognosis of the... Sponsored Topics: Federal Reserve System - United States - Business - Recession - Federal Reserve
SF Gate

Retail sales weak, but prices expected to stay low
Retail sales dropped in July, government data showed, reinforcing concerns among economists that consumers won't spend enough to help a recovery take hold. But Friday is expected to bring better news: July inflation is expected to have remained flat, and... Sponsored Topics: Federal Reserve System - FederalReserve - Interest rate - Business - Recession
SF Gate

Fed orders CIT to submit capital plan
NEW YORK (Reuters) - The U.S. Federal Reserve has ordered CIT Group Inc , the cash-strapped corporate lender struggling to avoid bankruptcy, to submit a plan for raising capital and meeting debt obligations within 15 days.
Reuters

Despite drop in retail sales, Wall Street stays upbeat
Investors kept their focus on an economic recovery, shaking off disappointing retail-sales news and buying stocks in riskier industries. Wall Street's major indexes Thursday held on to their gains from the big rally that followed the Federal Reserve's upbeat comments a day earlier.
The Salt Lake Tribune

U.S. Markets Close Higher
NEW YORK (UPI) -- U.S. markets made modest gains Thursday after the Federal Reserve endorsed the recovery with a pullback on one of its economic rescue programs. The Fed said Wednesday it would retreat from its previously announced program of buying $300 billion in government bonds....
Hispanic Business

Economy continues to show mixed signs
The stock market responded favorably this week to indications from the Federal Reserve that the economy is showing more signs of improving. According to the Fed, "conditions in financial markets have improved further in recent weeks," as evidenced by things like household spending...
NASDAQ

Consumers get more flexibility on clunkers program
WASHINGTON (AP) -- Car shoppers running into shortages of certain vehicles at dealerships will still be able to use the Cash for Clunkers program to reserve the car of their choice, the Obama administration said Thursday....
The Arizona Republic

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November 2009
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