Business Today: Fed seeks to calm markets after discount rate rise

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Good Morning Robert, FRI 19 Feb 2010 
 
Fed seeks to calm markets after discount rate rise
Futures dip on Fed's discount rate rise announcement
Consumer prices rise less than expected in January
Toyota head prepares for Congress grilling on recalls
Former BofA CEO Lewis was briefed on disclosure
Financial reform bill seen next week in Senate
JC Penney beats as margins make up for low sales
U.S. department stores in fight for market share
Americans doubt their stock-market savvy: survey
Media shy Toyota chief faces makeover for U.S. stand


Fed seeks to calm markets after discount rate rise
February 19, 2010 07:34 AM ET
WASHINGTON/MEMPHIS, Tennessee (Reuters) - Federal Reserve officials moved to calm speculation that a surprise rise in its emergency lending rate could bring forward broader policy tightening, saying borrowing costs in the economy would stay low.

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Futures dip on Fed's discount rate rise announcement
February 19, 2010 08:05 AM ET
NEW YORK (Reuters) - Stock index futures fell on Friday on a surprise increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy.

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Consumer prices rise less than expected in January
February 19, 2010 08:34 AM ET
WASHINGTON (Reuters) - Consumer prices rose less than expected in January, while prices excluding food and energy fell for the first time since 1982, according to a government report on Friday that soothed worries inflation pressures were starting to build up.

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Toyota head prepares for Congress grilling on recalls
February 19, 2010 07:37 AM ET
TOKYO/WASHINGTON (Reuters) - The head of Toyota Motor Corp bowed to pressure to testify before U.S. lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive to face such a grilling from Congress.

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Former BofA CEO Lewis was briefed on disclosure
February 18, 2010 07:48 PM ET
NEW YORK (Reuters) - Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders.

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Financial reform bill seen next week in Senate
February 18, 2010 11:58 PM ET
WASHINGTON/PANAMA CITY (Reuters) - Efforts to tighten U.S. financial regulation advanced on Thursday, with a new bipartisan bill expected next week from two key senators who were working on it while traveling together in Panama.

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JC Penney beats as margins make up for low sales
February 19, 2010 08:28 AM ET
NEW YORK (Reuters) - U.S. department store operator J.C. Penney Co Inc reported a higher-than-expected fourth-quarter profit as improved margins from cost-cutting and leaner inventories more than offset soft mall traffic and disappointing holiday sales, sending its shares up 4.4 percent.

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U.S. department stores in fight for market share
February 19, 2010 08:04 AM ET
NEW YORK (Reuters) - U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown.

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Americans doubt their stock-market savvy: survey
February 18, 2010 07:49 PM ET
NEW YORK (Reuters) - Fewer than two in 10 Americans are confident of their ability to invest in the stock market, although 60 percent still believe equities are important in a portfolio.

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Media shy Toyota chief faces makeover for U.S. stand
February 19, 2010 06:01 AM ET
TOKYO (Reuters) - After being pilloried for his less-than-perfect English, bowing technique and other bungles, the head of Toyota Motor Corp will need a crash course in preparing for his debut in the U.S. Congress next week.

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