Editorial Results (free)
1. US Economy Accelerates, Helps Lift Dow Above 18,000
- Wednesday, December 24, 2014
WASHINGTON (AP) – A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world.
2. US Factory Output Surges in July
- Monday, August 18, 2014
U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.
Manufacturing production rose 1 percent in July compared with the prior month, the Federal Reserve reported Friday. Factory output in June was revised slightly higher to a 0.3 percent increase. Over the past 12 months, manufacturing has risen 4.9 percent.
3. More Vigorous US Economy Appears to Be Emerging
- Thursday, July 31, 2014
WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year.
That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in the April-June quarter. Consumers, businesses and governments joined to fuel the second-quarter expansion. The government also said growth was more robust last year than it had previously estimated.
4. Panda to Build Restaurant On Winchester Outparcel
- Monday, September 3, 2012
7525 Winchester Road
Memphis, TN 38125
Permit Cost: $791,345
Project Cost: N/A
5. Banks Scramble to Make Up for Lost Debit Card Fees
- Monday, November 7, 2011
NEW YORK (AP) – After an intense public backlash, Bank of America and other banks have backed off charging monthly debit card fees.
It's a victory for angry customers and consumer advocates. But the move will be costly for banks. They are scrambling for ideas on how to make up for lost revenue at a time when interest rates are at rock bottom and there's little demand for loans, the traditional source of making profits for banks.
6. BofA Halts Foreclosures in 50 States
- Monday, October 11, 2010
WASHINGTON (AP) – A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.
7. Spike in Layoffs Feeds Fear of Faltering Recovery
- Monday, August 23, 2010
WASHINGTON (AP) – Layoffs are back, and that’s bad news for the fragile economic recovery.
New applications for unemployment benefits hit a nine-month high last week – a spike that suggests private employers may shed jobs this month for the first time this year.
8. Jobless Claims Rise to Highest Level in 9 Months
- Friday, August 20, 2010
WASHINGTON (AP) – Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.
9. New Home Sales Up, but Sales Remain Slow
- Tuesday, July 27, 2010
WASHINGTON (AP) – Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes.
New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said Monday. May’s number was revised downward to a rate of 267,000, the slowest pace on records dating back to 1963. Sales for April and March were also revised downward.
10. Trade Gap Widens as Imports and Exports Rise
- Wednesday, July 14, 2010
WASHINGTON (AP) — The trade deficit rose in May to an 18-month peak as rising imports offset another solid gain in U.S. exports. The surge in imports was a hopeful sign for the economic recovery because it suggested businesses are optimistic that U.S. consumers will spend more in coming months.
11. Treasury Announces Wells Fargo Warrant Auction
- Thursday, May 20, 2010
WASHINGTON (AP) - The government says it will auction 110.3 million warrants it received from Wells Fargo & Co. as part of its effort to recoup the costs of the $700 billion financial bailout.
12. Home Sales Rise as Unemployment Claims Fall
- Friday, April 23, 2010
WASHINGTON (AP) – Home sales rose sharply last month and claims for jobless benefits fell last week. The two reports Thursday sketched a picture of a modestly improving economy.
Sales of previously occupied homes increased more than expected in March after three straight months of declines, the National Association of Realtors said. The housing market benefited from government incentives that drew in buyers.
13. Employers Added Most Jobs In 3 Years in March
- Monday, April 5, 2010
WASHINGTON (AP) - The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.
The increase in payrolls is the latest sign that the economic recovery is gaining momentum and healing in the job market is beginning. Still, the healing is likely to be slow, and most economists don’t expect new hiring to be fast enough this year to rapidly reduce the unemployment rate.
14. Fed Holds Rates at Record Lows to Foster Recovery
- Wednesday, March 17, 2010
WASHINGTON (AP) - The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
But the Fed's assessment of the economy was a bit more upbeat. It said the job market is stabilizing. That was an improvement from its January statement, when it said the deterioration in the labor market was abating.
15. Where Will Banks Make Up Lost Overdraft Fees?
- Thursday, September 24, 2009
NEW YORK (AP) — Banks are backing off harsh overdraft fees and policies. That's the good news. The bad news is they'll probably look to make up that lost profit elsewhere.
It's a worrisome prospect for the vast majority of customers who never overdraw their funds and have grown accustomed to perks like free checking accounts.
16. Mortgage Aid Program Helping Fraction of Borrowers
- Wednesday, August 5, 2009
WASHINGTON (AP) – The government’s $50 billion program to ease the foreclosure crisis is helping only a tiny fraction of struggling homeowners.
As of July, only 9 percent of eligible borrowers had seen their mortgage payments reduced. And a progress report on the plan Tuesday showed 10 lenders had not changed a single loan.
17. Banks Earned $7.6B in Q1
- Thursday, May 28, 2009
WASHINGTON (AP) – The nation’s banks turned a profit in the first quarter, but the number of problem banks jumped to more than 300, the government reported Wednesday.
The Federal Deposit Insurance Corp. said higher trading revenues at big banks helped the industry earn a $7.6 billion profit in the January-March period, compared to a record loss of $36.9 billion in the fourth quarter. The profit was 61 percent below the $19.3 billion earned in the year-ago period and followed the first quarterly loss in 18 years.
18. SunTrust to Sell $1.25B in Stock, Cut its Dividend
- Monday, May 18, 2009
NEW YORK (AP) - SunTrust Banks Inc. said Friday it will sell $1.25 billion of common stock and slash its dividend by 90 percent as it works to raise money in light of the government's increased capital requirements.
19. Bank Stock Offerings Weigh on Financial Shares
- Tuesday, May 12, 2009
NEW YORK (AP) – KeyCorp, which is among 10 major U.S. banks ordered by the government to raise more capital as a buffer against future losses, joined several other banks Monday in announcing public stock offerings.
20. Stress Test Results Lift Cloud of Uncertainty
- Monday, May 11, 2009
WASHINGTON (AP) – Government exams of the biggest U.S. banks have helped lift a cloud of uncertainty that has hung over the economy.
The so-called stress tests – a key Obama administration effort to boost confidence in the financial system – showed nine of the 19 biggest banks have enough capital to withstand a deeper recession. Ten must raise a total of $75 billion in new capital to withstand possible future losses.
21. Bank Stress Tests Show Some Banks Need More Funds
- Friday, May 8, 2009
WASHINGTON (AP) - Some of the largest U.S. banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.
22. S&P Puts 23 Financial Firms on Negative Watch
- Wednesday, May 6, 2009
NEW YORK (AP) - Credit ratings agency Standard & Poor's is reviewing whether to cut the ratings of 23 regional and national banks.
The firms were placed on "CreditWatch Negative" on Monday, which means there is a 50 percent chance the ratings will be cut in the next three months. S&P said it expects the results of the reviews by the end of May.
23. Stress Test Concerns Sink BoA, Citi Shares
- Wednesday, April 29, 2009
WASHINGTON (AP) – Citigroup Inc. and Bank of America Corp. will need to raise more capital if they can’t convince regulators that “stress test” results were mistaken, said two people familiar with the matter.
24. CEOs See More Layoffs; Decline in Spending, Sales
- Wednesday, April 8, 2009
NEW YORK (AP) – In a sign of the deep pessimism gripping corporate America, an index tracking the outlook of chief executives of some of the country's biggest companies dropped to its lowest level since the survey began in 2002.
25. First Horizon CEOs Take Home $6.8M in 2008 Pay
- Wednesday, March 11, 2009
CHARLOTTE, N.C. (AP) - Regional bank First Horizon National Corp. paid out more than $6.8 million in compensation to the two chief executives that oversaw the company in 2008.
26. More Sour Economic Reports for Employment, Retail
- Monday, February 9, 2009
WASHINGTON (AP) - More people sought unemployment benefits than expected last week and laid-off workers found it harder to land new jobs as the economy struggled to show signs of life.
Sour economic indicators Thursday also plagued the retail industry: Weak factory orders were reported for December and sales declines last month for many major stores raised concerns about the industry's health.
27. Layoffs Spike, Housing Rumbles; Outlook Worsens
- Friday, January 23, 2009
WASHINGTON (AP) - The number of newly laid-off Americans filing jobless claims and the pace of home construction both posted worse-than-expected results in government data released Thursday, lending urgency to the economic recovery plan President Barack Obama and Congress are scrambling to advance.
28. Treasury Provides $15B from Bailout Pot to 7 Banks
- Wednesday, January 7, 2009
WASHINGTON (AP) - The government said Monday it had supplied another $15 billion to seven U.S. banks in the latest round of payments from the $700 billion rescue fund.
The Treasury Department said the biggest payment in the new round totaled $7.58 billion to Pittsburgh-based PNC Financial Services Group Inc.
29. Sector Snap: Regional Bank Stocks Mixed
- Wednesday, November 26, 2008
NEW YORK (AP) - Shares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets.
The Federal Reserve said it will buy $500 billion in mortgage-backed securities, or pools of mortgages that are bundled together and sold to investors. The government will also lend up to $200 billion to the holders of securities backed by various types of consumer loans, including credit card loans.
30. Sector Snap: Regional Banks
- Tuesday, November 25, 2008
CHARLOTTE, N.C. (AP) - Shares of regional banks rose Monday as investors focused on the government's plan to bail out Citigroup Inc.
31. Sector Snap: Regional Bank Stocks Fall
- Wednesday, November 12, 2008
NEW YORK (AP) - Shares of regional banks slid Tuesday amid more signs of weakness in the financial sector and a string of bleak corporate earnings reports.
Losses piled up in the broader market as third-quarter reports from companies such as coffee retailer Starbucks Corp. and home builder Toll Brothers Inc. sent a strong signal to investors that few industries are immune to a sharp pullback in consumer spending.
32. Manufacturing Sector Contracts in October
- Tuesday, November 4, 2008
Business at manufacturers from plastic companies to lumberyards plummeted to the lowest level in 26 years in October, in what many economists called a sure sign of recession.
The Institute for Supply Management reported Monday its manufacturing index fell to 38.9, the lowest reading since September 1982, when the country was in a deep recession. Any reading below 50 signals contraction.
33. White House to Banks: Start Lending
- Wednesday, October 29, 2008
WASHINGTON (AP) – An impatient White House served notice Tuesday on banks and other financial companies receiving billions of dollars in federal help to quit hoarding the money and start making more loans.
34. Fed Weighs Another Rate Reduction to Limit Fallout
- Wednesday, October 29, 2008
WASHINGTON (AP) - Disappearing jobs, burrowing consumers and skittish companies are reasons for the Federal Reserve to lower interest rates and brace the tottering economy.
Fed Chairman Ben Bernanke and his colleagues open a two-day meeting Tuesday afternoon – their last before the November elections – to make a fresh assessment of economic and financial conditions and decide their next move on rates. Their decision will be announced Wednesday.
35. Banks to Use Gov't Funds for Lending, Dealmaking
- Tuesday, October 28, 2008
NEW YORK (AP) - A number of financial institutions, including Capital One inancial Corp. and SunTrust Banks Inc., have announced they will receive funds under the Treasury Department's capital purchase program.
36. Stocks Tumble After Government Bailout of AIG
- Thursday, September 18, 2008
NEW YORK (AP) - Wall Street plunged again in a crisis of confidence Wednesday as anxieties about the financial system still ran high after the government's bailout of insurer American International Group Inc. The Dow Jones industrial average dropped about 340 points, and investors seeking the safety of hard assets and government debt sent gold, oil and short-term Treasurys soaring.
37. Wall Street Crisis Could Put Fed Rate Cut in Play
- Tuesday, September 16, 2008
WASHINGTON (AP) - Wreckage from a massive crisis on Wall Street could prompt the Federal Reserve to do an about face and once again cut a key interest rate this week or possibly later this year, economists said Monday.
38. Bank Economists Say Home Prices Yet to Bottom
- Wednesday, June 18, 2008
WASHINGTON (AP) - U.S. home prices are only about halfway through their decline and most of the further erosion should occur this year, major bank economists said Tuesday.
The 10 economists, including those from Wells Fargo Bank and JPMorgan Chase & Co., also cited the negative overall tone of the economy, with consumer spending curbed, spiking fuel and food prices, tight credit and relatively high unemployment.
39. Fed: High Energy, Food Prices Keep Economy Weak
- Thursday, June 12, 2008
WASHINGTON (AP) - The economy remained "generally weak" heading into summer as rising costs for energy and food pounded consumers and forced some companies to push their own prices higher.
The Fed's new snapshot of business conditions, released Wednesday in Washington, underscored two big sore spots for the country: listless economic activity coupled with high energy and food prices. Those rising prices carry the risk of both spreading inflation and putting another drag on overall economic growth.
40. Fed Cuts Interest Rates Bold Half-Point to Boost Ailing Economy; Wall Street Still Wary
- Thursday, January 31, 2008
WASHINGTON (AP) - The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession.
41. Fed Seems Poised To Lower Interest Rates
- Tuesday, December 11, 2007
WASHINGTON (AP) - What a difference in economic conditions since the Federal Reserve last met in October.
Credit has become harder to obtain, Wall Street has convulsed again and the housing slump has intensified. And policymakers at the central bank now appear to have changed their minds about the need to drop interest rates again.
42. Another Fed Rate Cut Anticipated
- Wednesday, October 31, 2007
WASHINGTON (AP) - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
43. Archived Article: Market Briefs
- Monday, April 30, 2001
Thomas & Betts Corp Thomas & Betts Corp. will hold a conference call/web cast to provide an update on the company's progress and discuss first quarter 2001 results at 10 a.m. today. The telephone number to participate in the call is (973) 63...
44. Archived Article: Banks P.2
- Friday, April 6, 2001
Banks' profits down as clouds gather Banks' profits down as clouds gather U.S. regional banks face a gloomy first-quarter earnings period as the economic dark clouds continue to collect and show few signs of clearing soon. ``This was a challenging q...