Business Today: Fed seeks to calm markets after discount rate rise

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Good Morning Aron, FRI 19 Feb 2010    Fed seeks to calm markets after discount rate rise Futures dip on Fed's discount rate rise announcement Consumer prices rise less than expected in January Toyota head prepares for Congress grilling on recalls Former BofA CEO Lewis was briefed on disclosure Financial reform bill seen next week in Senate JC Penney beats as margins make up for low sales U.S. department stores in fight for market share Americans doubt their stock-market savvy: survey Media shy Toyota chief faces makeover for U.S. stand Toyoda: U.S. trip next week Business Update: Asia dips post-Fed The new business of Tiger Woods Fed seeks to calm markets after discount rate rise February 19, 2010 07:34 AM ET WASHINGTON/MEMPHIS, Tennessee (Reuters) - Federal Reserve officials moved to calm speculation that a surprise rise in its emergency lending rate could bring forward broader policy tightening, saying borrowing costs in the economy would stay low. Full Article Futures dip on Fed's discount rate rise announcement February 19, 2010 08:05 AM ET NEW YORK (Reuters) - Stock index futures fell on Friday on a surprise increase in the Federal Reserve's discount rate that signaled to some investors that the U.S. central bank may be starting to retreat from its easy money policy. Full Article Consumer prices rise less than expected in January February 19, 2010 08:34 AM ET WASHINGTON (Reuters) - Consumer prices rose less than expected in January, while prices excluding food and energy fell for the first time since 1982, according to a government report on Friday that soothed worries inflation pressures were starting to build up. Full Article Toyota head prepares for Congress grilling on recalls February 19, 2010 07:37 AM ET TOKYO/WASHINGTON (Reuters) - The head of Toyota Motor Corp bowed to pressure to testify before U.S. lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive to face such a grilling from Congress. Full Article Former BofA CEO Lewis was briefed on disclosure February 18, 2010 07:48 PM ET NEW YORK (Reuters) - Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders. Full Article Financial reform bill seen next week in Senate February 18, 2010 11:58 PM ET WASHINGTON/PANAMA CITY (Reuters) - Efforts to tighten U.S. financial regulation advanced on Thursday, with a new bipartisan bill expected next week from two key senators who were working on it while traveling together in Panama. Full Article JC Penney beats as margins make up for low sales February 19, 2010 08:28 AM ET NEW YORK (Reuters) - U.S. department store operator J.C. Penney Co Inc reported a higher-than-expected fourth-quarter profit as improved margins from cost-cutting and leaner inventories more than offset soft mall traffic and disappointing holiday sales, sending its shares up 4.4 percent. Full Article U.S. department stores in fight for market share February 19, 2010 08:04 AM ET NEW YORK (Reuters) - U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown. Full Article Americans doubt their stock-market savvy: survey February 18, 2010 07:49 PM ET NEW YORK (Reuters) - Fewer than two in 10 Americans are confident of their ability to invest in the stock market, although 60 percent still believe equities are important in a portfolio. Full Article Media shy Toyota chief faces makeover for U.S. stand February 19, 2010 06:01 AM ET TOKYO (Reuters) - After being pilloried for his less-than-perfect English, bowing technique and other bungles, the head of Toyota Motor Corp will need a crash course in preparing for his debut in the U.S. Congress next week. Full Article

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