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Management DiaryThe Ultimate Reference For Managers And Wannabe's
Management Diary Articles - See index below: MORE RESOURCES: Fed's Dudley: Financial reform needs global scope (Reuters) Reuters - A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday. Economy - Monday (Investor's Business Daily) Investor's Business Daily - The Treasury will auction $81 bil of notes and bonds in its quarterly refunding this week, the same as in the prior auction. Gov't officials said they've already raised enough to fund a budget deficit set to expand 14% this year. The Treasury's decision to stop increasing the size of its debt auctions could moderate the rise in bond yields, bolstering the economy as the Federal Reserve removes emergency stimulus. The narrower yield curve may cap mortgage rates as the Fed's $1.25 tril in mortgage-bond purchases is set to expire on March 31. Ex-Boeing engineer gets 15 years in spy case (Reuters) Reuters - An ex-Boeing Co engineer, found guilty last year of passing space shuttle secrets to China in America's first conviction under a 1996 espionage law, was sentenced on Monday to 15 years in prison. Fed's Bullard: May see asset sales late 2010 (Reuters)
Chinese spy gets more than 15 years in prison (AP) AP - A Chinese-born engineer convicted in the United States' first economic espionage trial was sentenced Monday to more than 15 years in prison for stealing sensitive information on the U.S. space program with the intent of passing it to China. UPS plans pilot furloughs, sees gradual recovery (Reuters)
Jan retail sales seen to rise (Reuters)
Job market gauge rises for 5th month: Conf Board (Reuters) Reuters - The U.S. job market improved in January for the fifth consecutive month, pointing to possible job growth in the first quarter of this year, a research group said on Monday. A look at global economic developments (AP) AP - A look at economic developments and activity in major stock markets around the world Monday: US government plans new climate service (AFP)
Analyst upgrades Disney as economy improves (AP) AP - An analyst upgraded Walt Disney Co. on Monday, citing an improving economy that should give a lift to its business. But he also warned that the entertainment company's earnings will lag its peers due to weakness in its film studios and theme parks. Genesee & Wyoming 4Q slides; demand firms up (AP) AP - Regional freight railroad operator Genesee & Wyoming Inc. said Monday its fourth-quarter earnings fell 28 percent as a weak economy knocked down demand for the goods it hauls. AP analysis: US economic stress hit a peak in Dec. (AP) AP - Weakness in Western energy-producing states helped raise the average U.S. county's economic stress in December to its highest point since the recession began in December 2007, according to The Associated Press' monthly analysis of conditions in more than 3,100 U.S. counties. QuinStreet beacon of hope in 'lousy' IPO market (AP) AP - QuinStreet Corp., an Internet marketer that competes with Yahoo and Google, is the one beacon of hope in this week's crop of initial public offerings as the market contends with jitters spurred by concerns about the economy, and IPOs from companies with more than their fair share of debt. Failed job seekers add to homeless problem in ND (AP) AP - North Dakota has the lowest unemployment in the nation and a booming oil industry. But with its good fortune has come an unexpected problem: homelessness, as desperate job seekers flow into the state looking for work. Japan bank lending slides as funding demand weak (Reuters) Reuters - Japanese bank lending logged its biggest annual fall in more than four years in January as companies faced with overcapacity and a murky economic outlook steered clear of borrowing for capital investment purposes. Greenspan Sees ‘Slow’ Recovery, Is ‘Concerned’ If Stocks Drop (Bloomberg) Bloomberg - Feb. 8 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said a U.S. economic recovery is “going to be a slow, trudging thing,” and that he “would get very concerned” if stock prices continue to fall. Obama says economy turning corner to growth (Reuters) Reuters - President Barack Obama said on Sunday the economy has turned the corner and resumed growth. Geithner: No double-dip slump but recovery slow (Reuters)
Trade tensions flare as recovery fades (Reuters) Reuters - Trade tensions are starting to flare as the pace of the global economic revival shows signs of slowing. |
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