Mortgage applications rise as interest rates tumble

However, demand for home purchase loans, an early indicator of home sales, fell to its lowest level since late-May. The drop does not bode well for the hard-hit U.S. housing market, which is ...[more]

U.S. numbers hopeful, Asia grows cautious on stimulus

After a mixed bag of numbers on both sides of the Atlantic this week, one of the earliest signposts to U.S. industry showed the factory sector in New York state nearly pulled out of contracti ...[more]

Gas prices push up consumer prices in June

The Labor Department said the rise in the Consumer Price Index was the largest since July 2008. Wall Street analysts polled by Reuters had forecast a 0.6 percent increase, compared with the 0 ...[more]

U.S. industrial output falls 0.4 percent in June

Economists polled by Reuters had expected a 0.6 percent decline in industrial production, after a 1.2 percent drop in May, initially reported as a 1.1 percent fall.

For the second qua ...[more]

NY state factories nearly out of slump in July

The New York Fed's "Empire State" general business conditions index rose to minus 0.55 in July from minus 9.41 in June.

July's result was the strongest since April 2008's reading of 0 ...[more]

INSTANT VIEW: Consumer prices rise faster than expected

The slumping factory sector in New York state nearly pulled out of contraction in July, posting a highest reading in more than a year as new orders jumped, the New York Federal Reserve said o ...[more]

High-level jobseekers see good in recession

Most of those surveyed said the economic crisis had a positive effect on personal relationships, with a third saying family and friends have grown closer and a third saying they have done mor ...[more]

China central bank taps on brakes as money supply surges

China is not tightening monetary policy aggressively. Analysts rule out interest rate rises this year as the government and central bank agree on the political imperative to ensure a rock-sol ...[more]

Fed balance sheet rises back above $2 trillion

The Federal Reserve's balance sheet -- a broad gauge of the U.S. central bank's lending to the financial system -- rose to $2.057 trillion on July 15 from $1.977 trillion on July 8.

T ...[more]

Stanford receiver wants to hire private equity firm

Stanford receiver Ralph Janvey would like to hire Park Hill Group LLC, a unit of the Blackstone Group LP (), a lawyer for Janvey said in a filing in federal court in Dallas.

"The enga ...[more]

CIT rushes to secure lending, bankruptcy feared
) was in discussions on Thursday with potential lenders to secure financing, after the collapse of rescue talks with the government left the company on the brink of bankruptcy.

CIT ...[more]

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