Stocks edge lower despite better economic data

WASHINGTON (VOA) – Upbeat reports on factory orders and jobs did little to ease worries about the world’s largest economy.  Despite a private sector report showing job losses eased last month and worker productivity is rising, investors remain troubled that stock prices may have risen too far – too fast.  VOA’s Mil Arcega has more.

12:04 am | Posted in Courant News | Read More »

U.S. bank failures rise

WASHINGTON (VOA) – The Federal Deposit Insurance Corporation says soured loans in the U.S. have led to a dramatic rise in bank failures, resulting in a $3.7 billion loss for the banking industry in the second quarter.  In its quarterly report on the health of U.S. banks, the agency that guarantees bank deposits says the [...]

1:01 pm | Posted in Courant News | Read More »
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