SAN FRANCISCO—-Though clearly affected by an anemic job market and a two-year drop in housing values, the majority of Californians are nonetheless optimistic about the future of the state, according to the Citi California Pulseâ¢, a new quarterly survey released today by Citibank.
Monthly archives for September, 2009
IMF to raise world economic growth forecast: paper (Reuters)
The International Monetary Fund will raise its 2010 growth forecast for the world economy to 3.1 percent from 2.5 percent to reflect improving economic conditions, a newspaper reported on Wednesday.
Japan August industrial production up 1.8 percent (AP)
Japan’s factory output rose for the sixth straight month in August as stimulus measures around the world spurred global demand for the nation’s exports.
COADE and ASD to Integrate CAESAR II for Pipe Stress Analysis and ASD Pipe Support Optimizer (Business Wire)
HOUSTON—-COADE, Inc. and ASD Global announced today a collaborative initiative to provide an integrated approach to pipe support placement by allowing COADE CAESAR II and ASD Pipe Support Optimizer to work together.
Fed’s Plosser: Policy shift may need to be aggressive (Reuters)
The Federal Reserve will have to act quickly, and “perhaps aggressively” when the time comes to pull back its extraordinary support for markets in order to avoid stoking inflation, the president of the Federal Reserve Bank of Philadelphia said on Tuesday.
Officials: Fed will need to boost rates quickly (AP)
To prevent inflation from taking off, the Federal Reserve will need to start boosting interest rates quickly and aggressively once the economy is back on firmer footing, Fed officials warned Tuesday.
Home prices rose in most major cities in July (AP)
Home prices rose again in July, a trend that will help ease the foreclosure crisis and slowly rebuild the wealth of millions of American homeowners.
Drop in consumer confidence weighs on stocks (AP)
A report showing Americans are still jittery about the economy has pushed stocks lower a day after a steep rally. Stocks lost ground Tuesday following a Conference Board report that its consumer confidence index fell in September after gaining the month before.
Consumer confidence unexpectedly falls in Sept. (AP)
Concerns that consumers won’t help drive a speedy and strong economic recovery only escalated Tuesday after a widely watched barometer of confidence fell unexpectedly in September.
NCI gets $12.7 million US military contract (AP)
NCI Inc., an information technology company, said Tuesday it received a $12.7 million contract from the U.S. military. NCI will provide engineering and implementation services for a multi-level video information system at the U.S.