US bank stocks fall to 17-year low
US banking shares hit their lowest level since 1992 on Thursday as fears mounted that the government would be forced to nationalise a key institution.
http://www.ft.com/cms/s/0/8a163738-fe85-11dd-b19a-000077b07658,s01=1.html?nclick_check=1
Fed offers bleak economic outlook
The Federal Reserve cut its economic outlook for 2009 on Wednesday and warned that the United States economy would face an "unusually gradual and prolonged" period of recovery as the country struggles to climb out of a deep global downturn.
http://www.iht.com/articles/2009/02/19/business/19fed.php
J.C. Penney reports 51 percent slide in 4Q profit
J.C. Penney Co. reported a 51 percent drop in fourth-quarter profit Friday as customers sharply cut spending on clothing and other items. The results beat Wall Street expectations, but the chain projected a wider first-quarter loss than analysts had predicte.
http://news.yahoo.com/s/ap/20090220/ap_on_bi_ge/earns_penney
From Information Clearing House
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Wall+Street
http://www.ft.com/cms/s/0/8a163738-fe85-11dd-b19a-000077b07658,s01=1.html?nclick_check=1
Fed offers bleak economic outlook
The Federal Reserve cut its economic outlook for 2009 on Wednesday and warned that the United States economy would face an "unusually gradual and prolonged" period of recovery as the country struggles to climb out of a deep global downturn.
http://www.iht.com/articles/2009/02/19/business/19fed.php
J.C. Penney reports 51 percent slide in 4Q profit
J.C. Penney Co. reported a 51 percent drop in fourth-quarter profit Friday as customers sharply cut spending on clothing and other items. The results beat Wall Street expectations, but the chain projected a wider first-quarter loss than analysts had predicte.
http://news.yahoo.com/s/ap/20090220/ap_on_bi_ge/earns_penney
From Information Clearing House
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=Wall+Street
rudkla - 21. Feb, 11:17
