Hard Money

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New York manufacturing picks up but China sells U.S. debt

Thursday, March 17th, 2011

A regional U.S. manufacturing gauge published Monday hit its highest level since October, but also suggested a rebound in that sector might run out of momentum.

GE’s work force fell by 6 percent in 2009

Thursday, March 17th, 2011

General Electric’s overall work force fell by about 6 percent worldwide in 2009 as it struggled to deal with the effects of the deep recession and financial crisis, according to a company regulatory filing Friday.

Global factories enjoy bumper February

Thursday, March 17th, 2011

Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.

Fed’s Hoenig: zero-rate pledge invites speculation

Thursday, March 17th, 2011

A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.

Mortgage rates fall below the 5 percent mark

Thursday, March 17th, 2011

Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.

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