Fed Bank: Modest NJ Economy Growth Ahead New Jersey likely will see moderate economic growth through this summer, the Federal Reserve Bank of Philadelphia forecast Thursday, citing a recent drop in unemployment claims. 03 Jan 2008
283.
State Street Forms Reserve for Lawsuits Mutual fund and pension processing services provider State Street Corp. said Thursday William W. Hunt has resigned as president and chief executive of State Street Global Advisors, as the company prepares to take a $279 million fourth-quarter charge related to expected lawsuits over the underperformance of certain fixed-income strategies managed by the investment arm. 03 Jan 2008
284.
White House Won't Tap Oil Reserves The White House on Wednesday ruled out a release of fuel from the nation's oil reserves to drive down soaring prices. "This president would not use the (Strategic Petroleum Reserve) to manipulate (prices) unless there was a true emergency," said White House press secretary Dana Perino. "Right now we understand that prices are high and demand is extremely high." 02 Jan 2008
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Stocks headed for weaker start Stocks looked set to open lower on Wednesday, with the focus on economic data for clues about the outlook for growth and the Federal Reserve's next monetary policy move. "Worries about the still escalating U.S. housing crisis and its implications for the overall economy point to a subdued start to the new year," Germany's Postbank said in a daily note. 02 Jan 2008
286.
IMF: World Forex Reserves Top $6T World foreign exchange reserves exceeded $6 trillion at the end the third quarter of 2007, with the amount held in dollars shrinking slightly, according to data released Friday by the International Monetary Fund. 31 Dec 2007
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Ghana Leader: Oil Reserves at 3B Barrels Ghana's president said Saturday that offshore oil reserves discovered in the West African country's waters total 3 billion barrels. "Ghana has struck oil in commercial quantities," President John Kufuor said, speaking at a ruling party congress in the capital, Accra. "This is only the beginning. The future is very bright indeed." 22 Dec 2007
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Ghana Oil Reserves at 3 Billion Barrels Ghana's president said Saturday that offshore oil reserves discovered in the West African country's waters total 3 billion barrels. "Ghana has struck oil in commercial quantities," President John Kufuor said, speaking at a ruling party congress in the capital, Accra. "This is only the beginning. The future is very bright indeed." 22 Dec 2007
0.31%QQQQ 43.45 
0.48%XLF 21.74 
