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Latest Economic history Stories

2010-06-11 08:16:00

TORONTO, June 11 /PRNewswire/ -- After a deep economic recession and stimulus-fueled rebound, it is imperative that the U.S. economy is successful in transitioning toward a sustained private-sector expansion, according to the latest U.S. Quarterly Economic Forecast report from TD Economics. "While all signs point to the recovery continuing, the path to full health is long and as recent events out of Europe have shown, fraught with perils," write TD's Deputy Chief Economist Beata Caranci...

2010-06-03 11:00:00

CHICAGO, June 3 /PRNewswire/ -- Firm58 (www.firm58.com), a financial management software provider, today announced it has closed a $7 million Series C funding round led by existing investors New World Ventures and North Bridge Venture Partners. (Logo: http://www.newscom.com/cgi-bin/prnh/20091117/CG12400LOGO) The investment will be used to fuel Firm58's growth and expansion to provide post-trade Software as a Service (SaaS) solutions to capital markets firms. The Chicago-based technology...

2010-04-06 08:00:00

MEDFORD, Mass., April 6 /PRNewswire/ -- A technology platform enabling institutional investors to recover more from class action settlements is the basis for Financial Recovery Technologies (FRT), a new business venture from The Cross Country Group (CCG). FRT, located with CCG at One Cabot Road, uses proprietary algorithms developed in collaboration with an expert team of financial engineers from Massachusetts Institute of Technology and recent industry data to help institutions better...

2010-03-30 07:15:00

PRINCETON, N.J., March 30 /PRNewswire/ -- In a study released today, RONIN has polled nearly 1,500 companies across twelve countries on how the recession is impacting their companies and it reveals that there has been little change in sentiment in the past 12 months. Throughout the period, 87% of companies have been negatively impacted, with 48% being "strongly" or "extremely" negatively impacted. The study has focused on the IT function in companies and shows that they too are as...

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2010-03-16 14:50:00

Questionable lending helped sink the U.S. economy, but also provided a lifeline that kept countless firms afloat and averted an even deeper recession, according to research by a University of Illinois finance expert. Murillo Campello says a survey of corporate executives found that many small and mid-sized firms survived the economic storm by tapping easy, low-cost lines of credit locked in ahead of the downturn, during an era of loose lending that also included sub-prime home...

2010-03-14 20:18:00

HOUSTON, March 14 /PRNewswire/ -- Washington Mutual shareholders (Stock Symbols: WAMUQ, WAHUQ, WAMPQ, WAMKQ) and WamuTruth.com staff were shocked to discover on Friday that Brian Rosen, council for WMI, has agreed to a proposed "settlement" with JP Morgan and the FDIC of all outstanding litigation and claims without consultation or discussion with the Official Equity Committee of Washington Mutual. This unprecedented surrender involves giving away all of the company's rightful assets and...

2010-03-05 08:03:00

Now Offering 100% Financing Nationwide VIENNA, Va., March 5 /PRNewswire-USNewswire/ -- Navy Federal Credit Union is pleased to announce $7 billion has been committed to new mortgages for Navy Federal members in 2010, whether they're buying a new home or refinancing. This new commitment follows 2009 mortgage originations of over $6.2 billion, the highest year for new mortgages in Navy Federal's history. Additionally, in light of opportunities in the current market, Navy Federal announces...

2010-01-12 06:00:00

LAS VEGAS, Jan. 12 /PRNewswire-FirstCall/ -- International Game Technology (NYSE: IGT) announced today that its board of directors elected Paget L. Alves to serve as a director for the company, pending applicable regulatory approval. Alves, 55, is the President of the Business Markets Group (BMG) for Sprint Nextel, and is responsible for Sprint's sales and marketing to all enterprise and public sector customers. Alves also oversees the development of strategic alliances for Sprint....

2009-09-29 05:00:00

LOS ANGELES, Sept. 29 /PRNewswire-FirstCall/ -- The most recent Executive Quiz results released today by The Korn/Ferry Institute reveal a significant improvement in the overall attitude of global executives about the direction of the economy, but lingering anxiety about labor markets. According to the survey, a substantially higher percentage of executives feel the economy is in recovery. However, the majority of executives say the labor market will lag the financial markets in...

2009-09-28 23:01:00

The best known U.S. market index, Dow Jones industrial average, has a chance to reclaim numerical glory this week, at least symbolically. The Dow took a run at 10,000 points last week but sputtered, slipped -- and basically choked -- 100 points shy of the mark. Abstract or not, it was a touch embarrassing. In the background, White House officials were patting themselves on the back for the market's ability to weather the historic squalls of 2008 year ago. Fed Chairman Ben Bernanke all but...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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