Archive for October 2009
Ticker: Oct. 1
Bank of America Corp. CEO Ken Lewis will retire at the end of the year, CNNMoney.com reported Wednesday. No successor was named. He will also step down from the board, and was stripped of his …
Read MoreConstruction spending up for August but down for year
Construction spending during August 2009 was estimated at a seasonally adjusted annual rate of $941 billion, 0.8 percent above the revised July estimate of $934.6 billion, according to a U.S. Census Bureau report released today. …
Read MorePersonal income and spending up, but so are initial unemployment claims
Two important economic indicators — personal spending and personal income – showed positive signs in August, according to a U.S. Department of Commerce report released today.
However, first-time filers for unemployment insurance jumped for the …