President Barack Obama proclaimed signs of economic progress Tuesday but also warned Americans eager for good news that "by no means are we out of the woods."
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.