Businesses slashed their inventories for a sixth straight month in February as they tried to cope with a steep recession.
Thirty-year-old Jerry Carter has grown his payroll company, Priority Pay Payroll LLC in Hoboken, to $7 million in revenue and 5,000 customers in five years with a no-nonsense work ethic and by old-fashioned sales tactics.
Federal Reserve Chairman Ben Bernanke said Tuesday there's been "tentative signs" that the recession may be easing.
President Barack Obama is juggling a glass-half-full take on the economy with a determination to not be seen as naive about problems still washing over the business landscape.
Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out.
MetLife Inc. will not participate in the Treasury Department's capital purchase program, the New York-based insurer said Monday.
Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since late January.
Many investors are being enticed by tremendous yields to take a chance on junk bonds.