Fed Sees Durable Recovery but High Unemployment
Washington, DC, Nov. 25, 2009--Unemployment is likely to remain high, and inflation low, according to minutes from the Federal Reserve's Nov. 3-4 meeting.
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October Consumer Spending Higher Than Expected
Washington, DC, Nov. 25, 2009--The Commerce Department reported Wednesday that consumer spending rose 0.7 percent last month, following a pullback in September when spending plunged 0.6 percent.
Propylene Prices Facing Upward Pressure
Houston, TX, Nov. 25, 2009--U.S propylene producers are pushing for a 13% hike on the price of the monomer and the second increase in as many months, market sources said on Tuesday.
Initial Jobless Claims Lowest in 14 Months
Washington, DC, Nov. 25, 2009--Initial jobless claims fell to 466,000, the lowest level in 14 months, according to a government report released Wednesday.
NRF Says Fed Policy Jeopardizes Instant Credit
Washington, D.C., Nov. 25, 2009--The National Retail Federation has asked the Federal Reserve to reconsider proposed new rules that threaten retailers’ ability to offer customers instant credit.
Durable Goods Orders Fall in October
Washington, DC, Nov. 25, 2009--Orders for costly factory goods fell unexpectedly in October.
Pfleiderer Reports Growing North America Sales
Neumarkt, Germany, Nov. 24, 2009--Pfleiderer AG said third quarter revenue increased by 3.8 percent to 347.3 million euros over a year ago.
Consumer Confidence Edges Higher in November
New York, NY, Nov. 24, 2009--Consumer Confidence improved slightly in November from October, according to the Conference Board.
Topps Tiles Profit Declines Less Than Expected
London, England, Nov. 24, 2009--Topps Tiles posted a better-than-expected 45 percent fall in annual profit to 16.3 million pounds but said there were signs of a return to stability in its new financial year.
House Prices Up Slightly in September
New York, NY, Nov. 24, 2009--House prices in 20 major U.S. cities rose for a fourth straight month in September, according to the S&P/Case-Shiller home-price index.