Reuters - Stocks surged on Friday after speeches
by President Bush and Federal Reserve Chairman Ben Bernanke
reassured investors that top officials are monitoring market
turmoil and are ready to act as needed.
Reuters - Many U.S. clothing retailers think
the skirt may be the next dress. A strong seller since 2006,
the dress has delighted retailers, but buyers at the Magic
Marketplace apparel trade show this week wanted to be ready
when the trend inevitably ends.
FT.com - World stock markets ended the week on a strong note as investors took heart from speeches by US President George Bush and Ben Bernanke, the Federal Reserve chairman.
Reuters - Stocks surged on Friday after
President Bush said he would help struggling subprime mortgage
borrowers avoid foreclosure and with speculation rife about an
interest rate cut next month after a speech by Federal Reserve
Chairman Ben Bernanke.
Reuters - Honda Motor Co Ltd (7267.T) is
on track for a 3 percent increase in U.S. sales in 2007, an
executive said on Friday, but he also called on the Federal
Reserve to cut interest rates to boost consumer confidence.
AP - Federal Reserve Chairman Ben Bernanke vowed Friday to do all that is necessary to protect the national economy from the ill effects of a global credit crunch — but not to bail out investors and lenders “from the consequences of their financial decisions.”