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News & Opinion

Summers: market interventions only temporary

WASHINGTON (Reuters) - Chief White House economic adviser Lawrence Summers on Friday vigorously defended the administration's aid for banks and carmakers as necessary, temporary measures rather than lasting market intrusions.
Fri, 12 Jun 2009 12:56pm EDT

U.S. bailout cops to police valuations as banks exit

WASHINGTON (Reuters) - The two primary watchdogs of the U.S. financial bailout program are studying if taxpayers will get a fair return on banks' warrants as the largest firms repay government investments, according to a letter sent to lawmakers this week.
Fri, 12 Jun 2009 12:33pm EDT

NYSE says connectivity restored on server

NEW YORK (Reuters) - A loss in server connectivity that caused the New York Stock Exchange to halt trades in about 240 companies has been restored, Ray Pellecchia, spokesman for NYSE Euronext, said on Friday.
Fri, 12 Jun 2009 12:38pm EDT

U.S. consumers' mood strongest in 9 months

NEW YORK (Reuters) - U.S. consumer confidence rose to a nine-month high in June but failed again to surpass its level of September 2008, when the spectacular failure of Lehman Brothers sent the world economy into a tailspin, a survey showed on Friday.
Fri, 12 Jun 2009 10:37am EDT

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