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Stocks dip on revised GDP; Fed's view curbs loss(2009-11-24)NEW YORK (Reuters) - U.S. stocks fell on Tuesday on lackluster economic data in a session marked by low volume and choppy trading, but losses eased after the Federal Reserve raised its expectations for growth in 2010.
Aware of policy risks, Fed sees firmer growth(2009-11-24)WASHINGTON (Reuters) - Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.
U.S. third-quarter economic growth revised down(2009-11-24)WASHINGTON (Reuters) - The U.S. economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signaled the anemic recovery was intact.
Half of banks' losses may be unknown: IMF chief(2009-11-24)PARIS (Reuters) - Half of the losses suffered by banks could still be hidden in their balance sheets, more so in Europe than in the United States, the International Monetary Fund's chief, Dominique Strauss-Kahn, was quoted as saying on Tuesday.
Privately held Facebook sets up dual-class stock(2009-11-24)SAN FRANCISCO (Reuters) - Facebook has established a dual-class stock structure to ensure voting control by existing owners, but has no plans to become a public company, it said on Tuesday.
Microsoft names new financial chief(2009-11-24)NEW YORK (Reuters) - Microsoft Corp said on Tuesday its Chief Financial Officer Chris Liddell will leave the company at the end of the year, as he looks to "expand his career beyond being a CFO".
J Crew profit beats, shares rise(2009-11-24)SAN FRANCISCO (Reuters) - J Crew Group Inc reported a quarterly net profit far above Wall Street estimates due to strong autumn sales and expanded profit margins from depressed year-ago levels.
FDIC fund falls into red, Bair urges lending(2009-11-24)WASHINGTON (Reuters) - The fund used to safeguard U.S. bank deposits dropped to a negative balance of $8.2 billion in the third quarter, the first shortfall since 1992, the Federal Deposit Insurance Corp said on Tuesday.
