recovery

Jobs data, earnings latest test for stocks (Reuters)

Reuters - U.S.

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Jobs data, earnings latest test for stocks
(Reuters)

recovery

IMF lowers Spain growth forecast, warns of ‘fragile’ rebound (AFP)

AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery “is likely to be weak and fragile.”

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IMF lowers Spain growth forecast, warns of ‘fragile’ rebound
(AFP)

recovery

Bernanke warns economic outlook ‘uncertain’ (AFP)

AFP - Federal Reserve chairman Ben Bernanke warned the outlook for the US economy was “unusually uncertain” Wednesday but said the central bank could step in to bolster a faltering recovery.

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Bernanke warns economic outlook ‘uncertain’
(AFP)

recovery

Less-confident consumers could stall recovery (AP)

AP - Consumers are having second thoughts about the recovery.

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Less-confident consumers could stall recovery
(AP)

recovery

Fed eyes steps to bolster sputtering recovery (AP)

AP - Federal Reserve officials cut their forecasts for growth this year and signaled they stood ready to take new steps to keep the recovery alive if the economy worsens.

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Fed eyes steps to bolster sputtering recovery
(AP)

recovery

Summary Box: Home loan applications down (AP)

AP - MORTGAGE APPLICATIONS FALL: Applications for home loans dipped nearly 3 percent last week even though consumers were able to refinance at the lowest rates in decades, according to the Mortgage Bankers Association.

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Summary Box: Home loan applications down
(AP)

recovery

Berlusconi suffers 3rd gov’t resignation in (AP)

AP - Italy’s economy undersecretary has quit after being implicated in an alleged influence-peddling investigation in the third such resignation to rock Premier Silvio Berlusconi’s government in as many months.

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Berlusconi suffers 3rd gov’t resignation in
(AP)

recovery

White House’s Romer: Recovery still needs support (Reuters)

Reuters - The U.S. economy needs more help to ensure the recovery is strong enough to generate jobs and bring down the stubbornly high unemployment rate, a top White House economic adviser said on Wednesday.

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White House’s Romer: Recovery still needs support
(Reuters)

recovery

Corus moves to profit in fiscal 3rd quarter (AP)

AP - Canadian media company Corus Entertainment Inc. said Wednesday that it moved to a profit in its fiscal third quarter from a year-ago period hurt by a large expense.

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Corus moves to profit in fiscal 3rd quarter
(AP)

recovery

Stocks rise modestly on strong Intel earnings (AP)

AP - Stocks are rising Wednesday as optimism from Intel’s strong earnings and outlook overshadowed a disappointing retail sales report.

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Stocks rise modestly on strong Intel earnings
(AP)

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