The Bank of Tokyo-Mitsubishi UFJ News
U.S. downgrade raises anxiety, if not interest rates
WASHINGTON (AP) — The real danger from the downgrade of U.S. government debt by Standard & Poor's isn't higher interest rates. It's the hit to the nation's fragile economic psyche and rattled financial markets. S&P's decision to strip the U.S. of its sterling AAA credit rating for the first time
216,000 jobs added; unemployment rate dips to 8.8%
The nation's labor market on Friday provided the clearest signal yet that it's turning around. Employers added 216,000 jobs in March, more than expected, as broad-based gains led by professional and business services, health care and restaurants more than outpaced continued losses in the government
Unemployment rate falls to 9.4% as employers add 103,000 jobs
Employers added 103,000 jobs in December, far fewer than expected, as gains by education and health services and leisure and hospitality offset continuing losses in construction and local government, the Bureau of Labor Statistics reported Friday. The nation's unemployment rate, which is calculated
Japan Airlines Files for Bankruptcy
ABC's Margaret Conley reports: Japan Airlines (JAL), Asia’s largest carrier by revenue, filed for bankruptcy today. “JAL is like a national flag,” said Ryouta Himeno, transport analyst at Mitsubishi UFJ Securities. “Many, many people, not only passenger(s) but also investor(s)...
Mack to step down at a Morgan Stanley seen in transition
Morgan Stanley's incoming CEO will be facing a drastically different landscape on Wall Street from when John Mack took over in 2005. James Gorman is poised to take over a bank that some say is still searching for direction after surviving a credit crisis that wiped out most of its competitors.
Obama nominates Bernanke to lead Fed for four more years
President Obama briefly interrupted his week-long vacation Tuesday morning to renominate Ben Bernanke as chairman of the Federal Reserve, putting his faith in the man widely credited with helping to avert a global economic collapse. Appearing briefly here in an open shirt and blazer, Obama said
Obama renominate Ben Bernanke to lead Fed
President Obama on Tuesday nominated Federal Reserve Board ChairmanBen Bernanke for a second four-year term. Obama and Bernanke appeared together on Martha's Vineyard, where the president is vacationing. Bernanke was chosen by President George W. Bush to replace Alan Greenspan in 2006. Together
What shape is the economic recovery in: U, V or W?
With the launch of an economic recovery all but certain this year — many experts say it's already begun — the debate among pundits has turned decidedly alphabetical. In other words, what letter will the rebound resemble — U, V or W? Typically, sharp downturns like the current one yield equally
Wall St. approves as Fed keeps rates near 0%
The Federal Reserve decided Wednesday to keep a key interest rate near zero, saying the economy is stabilizing and inflation is under control. The announcement by the Fed's Open Market Committee was widely expected but was still welcomed on Wall Street: The Dow Jones industrial average rose 120