Mar 12, 2010 11:35AM

Yellen called leading contender for Fed vice chair (Reuters)

Reuters - San Francisco Federal Reserve Bank President Janet Yellen is a leading contender to be nominated by President Barack Obama as vice chair of the central bank, a senior administration official said on Friday.

Mar 12, 2010 11:27AM

Retail sales rise as shoppers fight winter blues (Reuters)

Reuters - U.S. retail sales rose unexpectedly last month despite heavy snow storms and a drop in vehicle purchases by consumers spooked by Toyota recalls, bolstering hopes of a sustainable economic recovery.

Mar 12, 2010 11:14AM

Official: Obama wants Yellen as Fed vice chair (AP)

AP - President Barack Obama wants to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, an administration official said Friday.

Mar 12, 2010 11:00AM

US retail sales rise unexpectedly despite blizzards (AFP)

AFP - The storied American consumer braved blizzards and economic headwinds to shop in February, unexpectedly pushing up retail sales for the second straight month, official data showed Friday.

Mar 12, 2010 10:03AM

Feb. retail-sales report offers positive surprise (AP)

AP - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from racking up purchases. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.

Mar 12, 2010 09:45AM

Cheap cigars, politics and the Volcker Rule (Reuters)

Reuters - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.

Mar 12, 2010 09:11AM

Consumer sentiment dipped in early March (Reuters)

Reuters - U.S. consumer sentiment declined slightly in early March, with Americans less positive about the job outlook, a survey released on Friday showed.

Mar 12, 2010 08:54AM

Obama eyes dovish policymaker as Fed number two: reports (AFP)

AFP - US President Barack Obama plans to nominate San Francisco regional central bank chief Janet Yellen, a policy dove, as Federal Reserve Board number two, news reports said Friday.

Mar 12, 2010 08:51AM

Unemployment higher among young war veterans (AP)

AP - The Labor Department says the unemployment rate for young Iraq and Afghanistan veterans was 21.1 percent last year.

Mar 12, 2010 08:21AM

New slide in US videogame sales (AFP)

AFP - NPD Group on Thursday said US videogame sales slid 15 percent in February to 1.26 billion dollars, defying optimism that the industry would rebound on a reviving economy.