The U.S. Federal Reserve cut its 2009 economic forecast sharply and discussed setting a target for inflation at its previous meeting as a deepening recession heightened fears of a dangerous decline in prices.
that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability, Fed Chairman Ben Bernanke told the National Press Club.
Taking on-the-record questions from the media for the first time since becoming Fed chairman, Bernanke said the long-run projections should help anchor the public's expectations about the future path of inflation i...
ACCRA (Reuters) - African bank Ecobank Transnational Incorporated (ETI) (ETI.GH) raised $566 million in its share and rights issue late last year, far short of the $2.5 billion targeted, a broker involved in the operation said on Wednesday.
that is the rate of inflation that promotes maximum sustainable employment while also delivering reasonable price stability, Bernanke said.
He said the long-run projections should help anchor the public's expectations about the future path of inflation in a way that could help prevent a self-feeding inflationary, or deflationary, psychology.
Bernanke said aggressive steps the Fed had taken t...
Best Buy Co. and Target Corp. said Tuesday they are cutting jobs to reduce costs as they face lower consumer spending at their stores.
Target Corp., the second largest U.S. retailer, reported a profit which beat Wall Street forecasts as the company's chief financial officer said sluggish sales were ahead.
Target Corp., the second-largest discount store in the U.S, has agreed to sell a 47 percent stake in its credit-car loans to J.P. Morgan Chase & Co. for $3.6 billion to raise cash for stock buybacks in a deal that was urged by activist shareholder William Ackman.
The first South Korean astronaut and other two space crew members are safe after a tough return to the earth and very rough landing.
Microsoft and Novell revealed their plans capture the Chinese market by taking their patent-protected and open-source programs business to the region.
Goldman Sachs lowered Alibaba's price target from 18 Yuan to 15 Yuan, or 16 percent, and lower the company's target price earnings ratio of 2009 from 33 times to 30 times, but maintained the stocks neutral rating.
For the past eight years, Wal-Mart Stores Inc's shareholders have had little reason to beam like the retailer's well-known smiley face image, as stock prices have dropped and the company has underperformed rivals like Target Corp.
But the gloom may be finally lifting -- ironically thanks in part to the U.S. economy's increasing troubles.
A federal judge in California certified a class action lawsuit against Target Corp (TGT.N) brought by plaintiffs claiming the discount retailer's website is inaccessible to the blind, according to court documents.
An earnings warning from Lowe's Cos Inc and a slashed September sales forecast from Target Corp hammered retail stocks on Tuesday as skittish consumers rein in spending, fueling concerns that the holiday shopping season could be the weakest in years.
Sony Corp's game unit said it was fairly confident of doubling shipments of PlayStation 3 game consoles to 11 million in the year to March, and may buy more software firms to boost demand for its console.
Dutch bank ABN AMRO NV reiterated its 2007 earnings per share target of 2.30 euros ($3.19) on Monday despite current market turmoil and said it has very limited exposure to the subprime market.
Target Corp on Tuesday said its quarterly profit rose more than 12 percent, boosted by strong sales at stores open at least a year and returns from its credit-card business. The retailer also reiterated its full-year earnings outlook.
Most U.S. retailers posted weaker-than-expected July sales on Thursday, hurt by a delayed back-to-school shopping season and high gas prices that cut consumers' trips to the mall.
Target plans to carry only Blu-ray high definition DVD players through the holiday shopping season, a move that boosts the Sony-backed technology and may deal a blow to rival HD-DVD.
The hedge fund run by activist investor William Ackman said on Monday it now owns a 9.6 percent stake in Target Corp., adding the discount retailer to its small list of closely watched investments.
The second-largest U.S. retailer, Target Corp. (NYSE: TGT), said that its first-quarter profit jumped by 18 percent on Wednesday, beating analysts expectations and sending shares higher.
Philips Electronics (NYSE: PHG), the world's largest lighting maker, confirmed its stated financial targets on Thursday and also said it is reviewing a number of possible acquisitions.
As holiday shopping winds down, new research shows Toy shoppers are migrating more to Target stores than the main competition which includes Toys R Us and Wal-Mart.
