Business
<img src=" http://www.joplinglobeonline.com/images/zope/weekend.gif" border=0> Fed lending for emergency bank loans rises a bit
WASHINGTON (AP) — Banks borrowed slightly more from the Federal Reserve’s emergency lending program over the past week.
The Fed said Friday that commercial banks averaged $19.9 billion in daily borrowing over the week that ended Wednesday. That’s up $139 million on average from the previous week. However, it is still $73.7 billion lower than the borrowing pace set a year ago at the peak of the financial credit crisis.
Banks’ use of the program has been declining for the last several months, reflecting more stability in the banking system. Banks pay just 0.50 percent interest for the emergency, overnight loans.
- Business
-
-
Economy just right for some to build a home
Forget the still-sputtering economy, tight credit and all the other reasons not to take that giant leap of real estate faith right now.
-
Real estate Q&A: Sellers may benefit from waiting out a slow market
QUESTION: I bought a condo in Yardley, Pa., in 2008. I put 20 percent down on a purchase price of $245,000. My fiance and I would like to sell the condo and buy a single-family home with more yard space in the same area.
-
Boeing 2Q profit falls; expects defense layoffs
Boeing’s second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending cuts and bargain-hunting.
-
June orders decline for costly durable goods
Weakness in many categories of built-to-last products drove orders for new U.S.-made durable goods down by 1 percent in June, the second straight monthly decline and the biggest drop in 10 months, the Commerce Department reported Wednesday.
-
Stock futures rise on strong global earnings
Stock futures rose Thursday following a new batch of upbeat earnings and signs that Europe’s economy is bouncing back faster than expected.
-
RES in Carthage working to resume operations
Chances are “better than even” that Renewable Environmental Solutions will resume operations, Mayor Mike Harris said Tuesday.
-
Branson again nixes outdoor Nelly concert
Branson city officials have again said no to a proposed outdoor concert by hip-hop artist Nelly.
The city’s aldermen voted unanimously Tuesday not to allow the Aug. 21 concert behind the renovated Grand Palace. - Sponsored blog posts, reviews raise ethical questions
-
Stock futures trading in tight range ahead of open
Stock futures traded in a tight range Wednesday as investors entered the day tentative before new reports that will provide insight about the pace of recovery.
-
Sprint Nextel posts first subscriber gain in three years
Sprint Nextel says it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve customer service and retention.
- More Business Headlines
-
Economy just right for some to build a home
![Add a comment on this story](http://comments.neighborsink.com/add_comment.php?url=http://www.joplinglobe.com&portal=joplinglobe§ion_id=dailybusiness&story_id=x546220682&headline=<img src=" http://www.joplinglobeonline.com/images/zope/weekend.gif" border=0> Fed lending for emergency bank loans rises a bit){kind=link}