Financial news on August 18th, 2007
Business and Financial news
For more than a decade, Edward M. Gramlich, a Federal Reserve Board governor, has been warning of dangers in the housing market. But now, he’s fighting for his life. Read more..
The Federal Reserve today approved a half-percentage point cut in its discount rate on loans to banks, citing the potential impact of the credit crunch on the economy. Read more..
A significant part of the improvement in the American trade deficit since last summer has come thanks to the American auto industry. Read more..
Professional home organizing specialists offer some tips on ways to keep a home running efficiently. Read more..
For several years, investors have borrowed cheaply in Japan and invested that money in higher-return locales. But the recent market volatility may mark the end of this particular investment strategy. Read more..
The Sentinel Management Group was blocked from selling assets after two customers claimed that investors’ assets were being sold at below-market rates. Read more..
As genealogical societies and Web sites proliferate and DNA testing becomes more widely available, researching family roots has become a passion for many Americans. Read more..
Guitar Hero is turning on a new generation to the guitar, risking damage to run normal cars on E85 and more. Read more..
The curse of the business press, cutting e-mail overload, understanding the telecommuting promotion gap and what business leaders can learn from fairy tales. Read more..
The giant toy chain said Friday that it would halt sales of vinyl baby bibs after tests it commissioned in recent days found two samples with lead exceeding its standards. Read more..