WASHINGTON (Reuters) – President Barack Obama gave a spirited defense of his economic strategy on Tuesday and said there were signs of recovery, but “by no means are we out of the woods just yet.”
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NEW YORK (Reuters) – Chrysler’s creditors plan to make a counteroffer to the U.S. Treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat SpA in exchange for concessions, the Wall Street Journal reported, citing people familiar with the matter.
The number of loans approved for home purchase rose 4% in February, the Council of Mortgage Lenders has announced. The CML said 24,300 house purchase loans were approved, up from 23,400 in January. The value of the loans agreed remained unchanged from
Two disappointing economic reports on Tuesday morning seemed to outweigh good earnings reports by Goldman Sachs and Johnson & Johnson.
SAN FRANCISCO (MarketWatch) – Semiconductor stocks made strong gains in early trading Tuesday ahead of the industry’s first quarterly earnings report from Intel Corp. Most other tech shares, however, started the day in the red. The Nasdaq Composite