Archive for November 2008

Consumer prices fell 1 percent last month, more than forecast and the most since recordkeeping began in 1947, after being unchanged the prior month, the U.S. Labor Department said in Washington. So-called core prices, which …

The Federal Home Loan Bank of Des Moines reported record advances and a double-digit rise in profits for the third quarter. The wholesale cooperative bank posted a net profit of $45.8 million, a 59 percent …

Principal Financial Group Inc. will participate in the U.S. Treasury Department’s Capital Purchase Program (TCPP) as a savings and loan holding company subject to oversight from the Office of Thrift Supervision, the company said in …

The U.S. Treasury Department yesterday released a term sheet detailing the requirements for private banks that wish to participate in the Capital Purchase program, a piece of the $700 billion financial rescue package approved by …

Prices paid to U.S. producers plunged 2.8 percent in October, the largest decline on record, Bloomberg reported.

The decline, which was larger than forecast, followed a 0.4 percent decrease in September, the Labor Department said. …

Lee Dukes has been named president of Principal Wellness Co., a subsidiary of Principal Financial Group Inc. Dukes will lead the company’s wellness business out of Indianapolis, with direct oversight of all wellness products and …

A poll of 50 professional economic forecasters showed that they believe that the U.S. economy is in a recession and will contract at a faster pace in the fourth quarter, Reuters reported.

The survey, which …

The proposed $25 billion government-backed rescue package crafted for General Motors Corp., Ford Motor Corp. and Chrysler LLC has left many Americans doubtful of its outcome, Reuters reported.

“It’s like nature’s law: Only the fit …

Citigroup Inc. plans to cut up to 50,000 jobs, CNBC television said today. The cuts are on top of the roughly 23,000 jobs that the company already has slashed this year, and would reduce its …