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Breaking News:
Fed officials see inflation as threat
Monday, February 26, 2007   Topic: Business   by Directory Moderator
Federal Reserve policymakers saw a lessening of economic threats from the housing slump but continued to worry about inflation as they decided last month to leave existing interest rates intact.

Jobless claims fall 27,000
Monday, February 26, 2007   Topic: Business   by Directory Moderator
The number of U.S. workers filing for first-time jobless benefits fell sharply last week, government data showed on Thursday, but the decline was smaller than expected, and economists say layoffs remained elevated because of winter storms.

JetBlue cancels 68 JFK flights
Monday, February 26, 2007   Topic: Business   by News Editor

JetBlue cancels 68 JFK flightsetBlue canceled 68 flights scheduled into and out of Kennedy airport on Monday because of the snow that was expected to fall, a spokeswoman said.

The JetBlue Airways Corp. cancellations, from among its more than 175 scheduled flights at the Queens airport, were to make sure crews and planes are in the right places so the company can quickly resume operations after the snow storm, spokeswoman Alison Eshelman said Sunday.


Market Preview: Fed's rosy view to be challenged
Monday, February 26, 2007   Topic: Economy   by Directory Moderator
The Federal Reserve's benign view of the US economy - that it is enjoying solid growth, moderating inflationary pressures and stablisation in the housing market in 2007 - will begin to be stress-tested in this week's data releases.

India's Bharti says retail accord with Wal-Mart within rules
Monday, February 26, 2007   Topic: Communications   by System Admin
Mobile phone major Bharti Enterprises, which plans to enter India's retail market with Wal-Mart, said its agreement with the US-based giant was within the rules set for investments in the sector.