Fed outlook for US economy lacks lustre
Federal chairman Ben Bernanke has provided investors with little incentive to commit fresh funds to Wall Street as the central bank cut its US economic growth forecast for 2011.
Federal chairman Ben Bernanke has provided investors with little incentive to commit fresh funds to Wall Street as the central bank cut its US economic growth forecast for 2011.
Pumpkin Patch plans to close its US stores, write-off unprofitable outlets in the UK and cut head office staff, saying there's no sign that 'challenging and volatile' markets will improve any time soon.