IMF approves $40B Greece bailout
International Monetary Fund provident director Dominique Strauss-Kahn said in a release that the Greek administration should be commended for committing to an historic course of enacting. (Tobias Schwarz/Reuters) The International Monetary Fund has put up closely $40 billion to help bail out Greece and appease investors’ fears of a spreading European liability crisis. The IMF’s [...]
Stock open higher after Greek aid deal
NEW YORK – Stocks rose in early trading Friday after European leaders agreed to a bailout program for debt-burdened Greece. A slightly worse-than-expected revision to the nation’s fourth-quarter gross domestic product is having little effect on trading. The report confirms that the economy grew rapidly during the last three months of the year because of [...]
Stocks mixed after jobless, inflation data
NEW YORK – Stocks are trading in a narrow range Thursday after a fresh batch of economic reports showed the economy continues to slowly regain its strength. New reports showed that inflation remains tame, jobless claims are continuing to inch lower and economic indicators are modestly improving. The latest news follows a pattern that has [...]