AFP - Turkish Prime Minister Recep Tayyip Erdogan pledged Friday to draft a new, liberal constitution and focus on reforms to strengthen both the economy and Ankara's bid to join the European Union.
Reuters - U.S. stocks surged on Friday as
President Bush and Federal Reserve Chairman Ben Bernanke
reassured investors they would do what was needed to shelter
the economy from market turmoil.
Reuters - U.S. stocks surged on Friday as
President Bush and Federal Reserve Chairman Ben Bernanke
reassured investors they would do what was needed to shelter
the economy from market turmoil.
AP - Consumers returned to the malls in July after taking a breather in June, although worries about the future could make the rebound short-lived.
Reuters - Inflation was under control in July
and U.S. factories were busier than forecast, according to
economic data released on Friday, but other reports showed U.S.
consumer sentiment worsened in August and the outlook for
economic growth weakened.
Reuters - Many U.S. clothing retailers think
the skirt may be the next dress. A strong seller since 2006,
the dress has delighted retailers, but buyers at the Magic
Marketplace apparel trade show this week wanted to be ready
when the trend inevitably ends.
Reuters - President George W. Bush on Friday
tried to calm financial market turmoil from the credit crisis
by announcing proposals intended to prevent homeowners from
defaulting on risky mortgages.
Reuters - Honda Motor Co Ltd (7267.T) is
on track for a 3 percent increase in U.S. sales in 2007, an
executive said on Friday, but he also called on the Federal
Reserve to cut interest rates to boost consumer confidence.
Reuters - The Federal Reserve will
take the necessary steps to shelter the economy from turmoil in
financial markets but will not bail out investors who made
mistakes, Fed Chairman Ben Bernanke said on Friday.
Investor’s Business Daily - Investors pumped $10.75 billion of new money into stock funds in July. But most of it went to world equity funds, while U.S. stocks saw outflow of $4.11 billion.