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Greenspan: U.S. Must Get Finances in Order
WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan said on Wednesday the U.S. economy entered 2005 in good shape but warned fiscal discipline was essential to meet future challenges. "All told, the economy seems to have entered 2005 expanding at a reasonably good pace, with inflation and inflation expectations well-anc... : Greenspan: U.S. Must Get Finances in OrderAmerican Express to Spin Off Finance Unit
By Joseph A. Giannone NEW YORK (Reuters) - American Express Co., the global credit card and travel services company, said on Tuesday it will spin off its less-profitable personal finance unit, boosting earnings prospects and its stock to the highest level in more than four years. American Express shares soared as much as 8.7 percent, their biggest one-day surge in more than two years. Financial details of the spinoff t... : American Express to Spin Off Finance UnitFinance Leaders Tackle Terror Financing
By Lesley Wroughton WASHINGTON (Reuters) - World finance ministers gathered under heavy guard on Sunday to discuss efforts to fight terror financing while warning the world must stay focused on the economic recovery and fight against poverty. Security has never been tighter at the International Monetary Fund and World Bank meetings, where finance officials and ... : Finance Leaders Tackle Terror FinancingFannie Mae Board Weighs Management Change
WASHINGTON (Reuters) - The board of embattled mortgage finance enterprise Fannie Mae met on Sunday to discuss whether to make changes to top management, a source close to the situation said. The company issued no statement and Fannie Mae officials declined comment. The company's board was expected to discuss w... : Fannie Mae Board Weighs Management ChangeSnow upbeat on deficit
By Glenn Somerville LONDON (Reuters) - Treasury Secretary John Snow said on Saturday the United States was beginning to rein in its big budget deficit and repeated calls for Europe and Japan to do their part for the good of global economic growth. After a meeting of G8 finance ministers focused primarily on African debt relief, Snow spoke out strongly about the need for Europe to spur its slu... : Snow upbeat on deficitSource: food portal
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