In what some say is a growing trend, The Permal Group Inc., a fund-of-hedge-funds affiliate of Legg Mason Inc., today launched its first mutual fund.
President Barack Obama is getting together with his top economic advisers Friday as the U.S. recession shows signs of abating.
The Treasury Department says the federal budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.
The U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports down for a seventh straight month while U.S. exports managed a small rebound.
Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy today, vowing to refashion the world's second-largest economy and create millions of jobs, with the first step a massive new stimulus package.
Moody’s Investors Service has placed all U.S. municipalities on negative outlook, indicating its expectations for the whole sector over the next 12 to 18 months.
There were fresh signs today that the full force of the recession may be petering out: a strong profit forecast from Wells Fargo, a drop in unemployment benefit filings and several retailers predicting solid April sales.
American International Group Inc. said Wednesday that it completed the sale of its retail bank and credit card operations in Thailand for about $45 million in proceeds.
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
