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Fed holds rates at record lows to foster recovery (AP)

The US Federal Reserve is widely expected to keep its key lending rate at virtually zero percent as financial markets look for signals of future monetary policy tightening.(AFP/File/Paul J. Richards)AP - The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.


Housing construction drops 5.9 pct in February (AP)

Construction workers build one of a number of new single family homes in a subdivision outside San Diego as new home construction returns to San Marcos, California March 8, 2010. The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. REUTERS/Mike Blake (UNITED STATES - Tags: EMPLOYMENT BUSINESS POLITICS CONSTRUCTION)AP - Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.


Stocks rise after Fed pledges to keep rates low (AP)

Traders react in the S&P 500 pit at the Chicago Mercantile Exchange March 16, 2010. The Federal Reserve renewed its pledge on Tuesday to keep interest rates near zero for an AP - Stocks held on to modest gains Tuesday after the Federal Reserve gave a mildly more upbeat view of the economy.


Honda to recall 410,000 vehicles for brake problem (AP)

FILE - In this Nov. 12, 2006 file photo, unsold 2007 Elements sit on the lot of a Honda dealership in Littleton, Colo. Honda Motor Co. on Tuesday, March 16, 2010 said it is recalling about 410,000 Odyssey minivans and Element small trucks because of problems with the brake pedals. The recall includes 344,000 Odysseys and 68,000 Elements from the 2007 and 2008 model years. (AP Photo/David Zalubowski, File)AP - Honda Motor Co. will recall more than 410,000 Odyssey minivans and Element small trucks because of braking system problems that could make it tougher to stop the vehicle if not repaired.


NYS film tax credit key economic driver: comptroller (Reuters) Reuters - New York state's film tax credit has generated about $7 billion in economic activity since 2004 and become a key economic driver, the state's comptroller said on Tuesday.
 
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