Archive for July 11th, 2009

NEW YORK: The spring stock market rally has lost momentum right as investors are primed to face another big hurdle: the start of the second-quarter reporting period.A scant 6% of the S&P 500, or 31 companies, is due to report results next week. But the list includes major financials Goldman Sachs, Bank of America, Citigroup… »

WASHINGTON (Reuters) — President Barack Obama said Saturday more time was needed for his 787 billion stimulus package to work, predicting the spending would have a bigger impact on the economy later this year. In an advanced text of his weekly radio speech, Obama said the stimulus plan approved by Congress and signed into law… »