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  • Federal Reserve Issues Federal Open Market Committee Statement

    Date 02/11/2011

    Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year. Nonetheless, recent indicators point to continuing weakness in overall labor market conditions, and the unemployment rate remains elevated. Household spending has increased at a somewhat faster pace in recent months. Business investment in equipment and software has continued to expand, but investment in nonresidential structures is still weak, and the housing sector remains depressed. Inflation appears to have moderated since earlier in the year as prices of energy and some commodities have declined from their peaks. Longer-term inflation expectations have remained stable.

  • IMF Work Program Focuses On Effective Crisis Response, Lending Toolkit, And Sharper Surveillance

    Date 02/11/2011

    the Executive Board of the International Monetary Fund (IMF) considered the IMF's bi-annual work program through April 2012. The work program reflects the imperative to prioritize and focus on supporting an effective crisis response and underscores that, as the global economy and financial system evolve, the Fund is adapting to meet the needs of its members.

  • Citihub And TIBCO Detonate Low Latency Benchmarks Using Hardcore Computer Technology

    Date 02/11/2011

    Citihub Limited yesterday announced that it has exceeded previously published benchmarks for inter process communications (IPC) by 34% using TIBCO FTL™ and Hardcore Computer’s liquid cooled Detonator™. The test measured IPC latency and averaged 237 nanoseconds with 4.2 million messages per second, which is significant for black box and high performance e-trading.

  • Report To The Secretary Of The U.S. Treasury From The Treasury Borrowing Advisory Committee Of The Securities Industry And Financial Markets Association

    Date 02/11/2011

    Dear Mr. Secretary:

    Since the Committee last met in August, economic activity indicators have firmed and real GDP in the third quarter expanded at a 2.5% annual rate, a noticeable acceleration from the 0.8% growth rate experienced in the first half of the year. Real final sales reached a 3.6% growth pace in the third quarter, an even greater acceleration from its modest 0.8% growth pace in the first half. Economic activity has received support recently from a rebound in motor vehicle production and an easing in energy prices. Early indications suggest the economy continues to expand at a reasonable pace in the fourth quarter. Despite some progress recently, the ongoing debt crisis in Europe remains a downside risk to domestic economic activity. As was the case at the last meeting, the outlook for fiscal policy remains considerably uncertain, and expectations regarding budget deliberations continue to shape the outlook for next year.

  • Standard & Poor's Announces Changes In The S&P/TSX SmallCap Index

    Date 02/11/2011

    Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

    Shareholders of Open Range Energy Corp. (TSX:ONR) approved on November 1, 2011, the Plan of Arrangement whereby the company will spin out its modular fracturing fluid tank rental business to shareholders. For every share of Open Range held, shareholders will receive 0.8839 shares of a new company named Poseidon Concepts Corp. Poseidon Concepts will trade on TSX for the first time (the ex-date of the spin-off) on November 4, 2011, under the ticker symbol "PSN" and CUSIP number 73731R 10 3. The spun out shares of Poseidon Concepts will be added at zero price to the S&P/TSX SmallCap and Equity SmallCap Indices after the close of trading on Thursday, November 3, 2011. Effective after the close of Friday, November 4, 2011, the shares of Poseidon Concepts will be removed from the same two indices.