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National Business News

Bernanke forecasts gains from computer technology

Chairman of the Federal Reserve Ben Bernanke delivers the commencement address at the graduation ceremonies for Bard College at Simon's Rock in Great Barrington, Mass. on Saturday, May 18, 2013. During his remarks, Bernanke said pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.

Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong. 55 minutes ago

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Archive by category ''National Business News

NATIONAL BUSINESS NEWS

Buybacks are a big factor behind stock market boom

It's the narcissist rally.
NATIONAL BUSINESS NEWS

Bank of Montreal ordered to fix oversight lapses

Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering.
NATIONAL BUSINESS NEWS

Stocks rise on hopeful signs for the US economy

Encouraging news about the U.S. economy extended the stock market's rally Friday.
NATIONAL BUSINESS NEWS

GM stock rises above $33 for first time in 2 years

Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.
NATIONAL BUSINESS NEWS

Pew survey questions Gen X, baby boomer savings

A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.
NATIONAL BUSINESS NEWS

Stocks rise on hopeful signs for the US economy

Encouraging news about the U.S. economy is extending the stock market's rally.
NATIONAL BUSINESS NEWS

Bill clears House for wider SEC economic analyses

Legislation cleared the House on Friday that would place stricter requirements on the federal agency overseeing Wall Street to assess the costs and benefits of its regulations before they are issued.
NATIONAL BUSINESS NEWS

Groups divided on Bangladesh safety overhauls

The nation's largest retail industry organization fired back Friday, outlining reasons why a legally binding global pact to make Bangladesh clothing factories safer would expose merchants to undue legal exposure. The move came as U.S. retailers face increasing pressure from a large coalition of ...
NATIONAL BUSINESS NEWS

Transocean shareholders oust chairman

Transocean Ltd. shareholders have voted out the oil drilling company's chairman and backed one of Carl Icahn's director nominees.
NATIONAL BUSINESS NEWS

Cyprus drops limits on 8 more foreign banks

Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.