Quote from The Baron Son "Tis not one’s failings alone that produce
self-mastery, but studying the causes of such failure, coupled with
the persistent application of new methods."
Fed saw weak growth, financial stress: minutes WASHINGTON (Reuters) - Federal Reserve monetary policy-makers this month saw a weakening economic outlook and financial market stress as supporting the case for steady interest rates despite persistent concerns about inflation.
Lehman asks private equity firms to remain in bid: report (Reuters) - Lehman Brothers has asked three private equity firms to remain in bidding for its asset management arm even though the investment bank has yet decide on whether to sell the unit, the Financial Times reported.
Consumer confidence bounces NEW YORK (Reuters) - U.S. consumer confidence recovered more than expected in August as fears over inflation eased, while financial markets combed through housing data on Tuesday for reasons to hope the worst may be over.
China Mobile says Q2 profit up HONG KONG (Reuters) - China Mobile , the world's largest wireless operator, posted a 51 percent rise in quarterly profit on strong subscriber growth, but faces new competition in China's revamped telecoms sector.
Stocks rise on energy shares, offsets bank fears NEW YORK (Reuters) - The Dow and S&P 500 rose on Tuesday as hurricane fears lifted oil prices and boosted energy shares, blunting the effect of a report that showed a growing number of problem U.S. banks.
Southwest to cut 200 flights early 2009 SAN FRANCISCO (Reuters) - Southwest Airlines Co said on Tuesday it plans to cut about 200 flights in the first quarter of 2009 as it tries to focus on more profitable flights to combat high fuel costs and a slow economy.
Chico's profit beats; J Crew cuts view NEW YORK (Reuters) - Apparel retailers Chico's FAS Inc and American Eagle Outfitters Inc posted better-than-expected profits on Tuesday despite taking deep markdowns to lure shoppers of all ages, sending their shares higher.
Borders 2nd-qtr loss narrows, stock jumps 14 percent LOS ANGELES (Reuters) - Borders Group Inc , the second-largest U.S. bookseller, posted a narrower-than-expected quarterly loss on Tuesday, helped by tighter inventory and lower costs, sending its shares up nearly 14 percent.
FDIC sees 117 problem banks; most since 2003 WASHINGTON (Reuters) - The number of troubled U.S. banks rose 30 percent to 117 in the second quarter, the highest level in five years, and a top regulator warned that conditions will worsen as the housing slump and credit crisis continues to pound profitability.
