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Wall St hit by Bank of America, GE results NEW YORK (Reuters) - U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp demonstrated the road to economic recovery will be bumpy. ReutersConsumer sentiment fell last month Consumers are still hesitant about the prospects for an economic recovery, according to the latest Reuters/University of Michigan Survey. The monthly survey found that consumer sentiment fell to 69.4 in October, down from last month''s 73.5. This came even as the Dow Jones Industrial Average made... NASDAQPolish pics prosper overseas International News: Homegrown hits help biz buck recession -- With Europe still reeling from the recession, Poland's film industry is bucking the economic trend with continued growth in domestic production and strong local box office. VarietyDEVELOPMENT: More Than a Billion Going Hungry WASHINGTON, Oct 16 (IPS) - The global economic crisis has led to an historic increase in hunger and undernourishment in the world's poorest countries, with broad consequences for political security and stability, according to two reports released for World Food Day, observed Friday. IPSFederal deficit hits all-time high $1.42 trillion The federal budget deficit has surged to an all-time high of $1.42 trillion as the recession caused tax revenues to plunge while the government was spending massive amounts to stabilize the financial system and jump-start the economy. The imbalance for the... Sponsored Topics: Deficit - Tax revenue - Economic - Recession - Taxation SF GateFigures on government spending and debt Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit Oct. 15 11,891,485 Statutory debt limit 12,104,000 Total public debt outstanding Oct. 15... Sponsored Topics: Government spending - Government debt - Fiscal year - Business - Economic SF GateUnder Obama dollar retreats against commodities in wealth shift President Barack Obama's effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets. The Salt Lake TribuneU.S. Budget Deficit Reaches Record $1.42 trillion WASHINGTON - The U.S. federal budget deficit has tripled to a record high of 1.42 trillion dollars in the past year amid the worst economic crisis in decades, according to government data released Friday.... Hispanic BusinessOil prices rally, pullback on horizon Oil prices have vaulted above $78 a barrel this week as investors continue to fret about a weak dollar and the pace of the economic recovery. CNNBank of America, GE results weigh on market NEW YORK (Reuters) - Stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp raised doubts about an economic recovery, denting a two-day rally by the Dow. Reuters1 2 3 |
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