Thursday, February 01, 2007

WALL STREET JOURNAL - Latest News - Fed Holds Key Rate at 5.25%



The Fed left rates at 5.25% for the fifth straight meeting, hours after the government reported that the economy grew at a 3.5% annual pace last quarter. (Video)



Emailing to a Computer-Free Zone
We test a new service called Presto that turns emails and digital photos into paper documents, automatically, without a computer.



Desktop Modules Help to Personalize Data
A free Web site called Netvibes is poised to give My Yahoo a run for its money, writes Walt Mossberg. It allows users to create personalized pages with modules that gather headlines, email, weather and other data from all over the Web.



CFTC Raises Governance Bar
The CFTC will call for at least 35% of board members at its regulated exchanges to be "public" directors with no material ties to the exchange.



Fed Holds Key Rate at 5.25%
The Fed left rates at 5.25% for the fifth straight meeting, hours after the government reported that the economy grew at a 3.5% annual pace last quarter. (Video)



House Approves Spending Bill
The House passed a $463.5 billion spending bill to fill the gap left by the collapse of the budget process under Republican rule last fall.



Google's Gains May Be Too Hot
Google's net nearly tripled, helped by improvements in its search-ad business. But shares eased after hours on concern over pressure on profit margins. (Conference call transcript)


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