Cash for Clunkers Continues

Market Update 7/31/09: GDP Contracts 1%

Record Bonuses At Bailed-Out Banks - Bloomberg

Red Cross teams up with Friendly's

US Stock Market Recovers - Bloomberg

IMF sees gradual recovery in U.S. economy

IMF sees gradual recovery in U.S. economy

Jun 15, 2009
By Rex Nutting

WASHINGTON (MarketWatch) -- The sharp decline in the U.S. economy may be easing, but the economy remains fragile, the staff of the International Monetary Fund said Monday. The IMF forecast calls for a gradual recovery. U.S. officials have three challenges: Stabilizing the economy, developing an exit strategy to unwind "massive public interventions," and addressing the long-term consequences of the crisis, including reforming the financial system and rebalancing government and household budgets. In separate comments in Central Asia, IMF Managing Director Dominque Strauss-Kahn said officials need to be cautious about overreacting to "green shoots" because "the large part of the worst is not yet behind us."



Stimulus to marginally spur U.S. economy: IMF

Mon Jun 15, 2009

WASHINGTON (Reuters) - The International Monetary Fund on Monday said a heavy dose of stimulus would ease the U.S. recession this year and lift growth marginally in 2010. It said the U.S. dollar was only modestly above the level implied by medium-term fundamentals and its value would depend on foreign appetite for U.S. assets.



U.S. dollar reserve status to remain-IMF official

WASHINGTON (Reuters) - The U.S. dollar's status as the world's dominant reserve currency is likely to remain that way, a senior International Monetary Fund official said Monday.



IMF projects 'solid' US recovery in mid-2010

WASHINGTON (AFP) — The International Monetary Fund on Monday said the US economy was poised for stronger growth than previously thought, with a "solid" recovery from recession in mid-2010, but cited risks, notably from the housing crisis and rising interest rates.



US recession will be less severe than feared, IMF says

15 Jun 2009

The American recession will be less deep and shorter than initially predicted, according to new forecasts published on Monday by the International Monetary Fund (IMF).

A Payday for Barclays's Diamond

A Payday for Barclays's Diamond

By SARA SCHAEFER MUñOZ

London

More than 400 top executives at Barclays PLC will pocket a total of £380 million, or $630.3 million, from the sale of the bank's money-management arm to BlackRock Inc.



BlackRock lands BGI funds, Barclays boosts capital

By Svea Herbst-Bayliss and Steve Slater
Fri Jun 12, 2009

BOSTON/LONDON (Reuters) - BlackRock Inc, the fund manager that has been one of the biggest winners of the credit crunch, has snapped up Barclays Global Investors for $13.5 billion in a deal creating the world's largest money manager.



Independence becoming de rigueur

By Pauline Skypala
June 14 2009

It’s official: independence is a key attribute for asset managers. The combination of BlackRock and Barclays Global Investors, announced last Friday, was driven as much by this consideration as by Barclays’ need for cash to strengthen its capital base, according to Bob Diamond, president of Barclays Bank and chairman of Barclays Global Investors.



How Barclays complements BlackRock

Kathleen Pender
Sunday, June 14, 2009

San Francisco's Barclays Global Investors has become the world's largest investment manager, yet it has never been master of its own destiny.



Fink says BlackRock won't raise iShares ETF fees

By John Spence

BOSTON (MarketWatch) -- BlackRock Inc. (BLK 176.56, -6.04, -3.31%) Chief Executive Laurence Fink on Friday told Fox Business he has no plans to raise expense ratios at Barclays Global Investors' lineup of exchange-traded funds.



Video: Inside Look - BlackRock Buys Barclays Fund Unit For $13.5B - Bloomberg