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Yahoo! News: Business
-----------------------------------
as of Wed, 15 Feb 2006 15:16:48 GMT
Bernanke: Fed sees upside inflation risks (Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke said on Wednesday the
U.S. economy was running so close to capacity that it faced heightened
risks of an outbreak in inflation that could require higher interest
rates to tame.
BlackRock to gain control of Merrill asset mgmt (Reuters)
Reuters - BlackRock Inc. is gaining control of the asset management arm
of Merrill Lynch & Co. in a deal that will create one of the
world's biggest money managers with $1 trillion in assets, the
companies said on Wednesday.
Stocks rise after Bernanke comments (Reuters)
Reuters - U.S. stocks rose on Wednesday, reversing earlier declines,
after remarks by new Federal Reserve Chairman Ben Bernanke on inflation
were consistent with stock market expectations.
Industrial output fell 0.2 percent in January (Reuters)
Reuters - Output from U.S. factories, mines and utilities unexpectedly
fell 0.2 percent in January as unseasonably warm weather caused the
biggest monthly drop on record in utility output, the Federal Reserve
said on Wednesday.
Genzyme posts 4th-qtr profit as drug sales rise (Reuters)
Reuters - Genzyme Corp. (GENZ.0) on Wednesday posted a fourth-quarter
profit, reversing a year-earlier loss, as revenue was boosted by higher
sales of its drugs for rare and chronic diseases.
Bernanke: Fed sees upside inflation risks (Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke said on Wednesday the
U.S. economy was running so close to capacity that it faced heightened
risks of an outbreak in inflation that could require higher interest
rates to tame.
Stocks rise after Bernanke comments (Reuters)
Reuters - U.S. stocks rose on Wednesday, reversing earlier declines,
after remarks by new Federal Reserve Chairman Ben Bernanke on inflation
were consistent with stock market expectations.
Marsh & McLennan swings to profit, but shares drop (Reuters)
Reuters - Marsh & McLennan Cos. , the world's largest insurance
broker, on Tuesday posted a lower-than-expected quarterly profit as
insurance premiums declined and revenue dropped at its Putnam mutual
fund unit.
Consumers spend January shopping (USATODAY.com)
USATODAY.com - Retail sales rose at the fastest pace in more than four
years in January as consumers cashed in holiday gift cards and
unusually warm weather enticed shoppers to get out of their homes and
spend, the government said Tuesday.
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