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Tag Archives: recovery

Fannie Mae posts $10.1B net income for 2Q

WASHINGTON — Mortgage giant Fannie Mae earned $10.1 billion in the second quarter, aided by the recovery in the housing market. The government-controlled company has turned a profit in each of the past six quarters. Fannie said Thursday it will ...

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Report: Richest 7% got richer during recovery

WASHINGTON — A new report says the richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of the nation’s households. The Pew Research Center report says ...

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Where U.S. economy has, and hasn’t recovered

iStock image used with permission.

WASHINGTON — From household wealth to spending at stores, many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession Home foreclosures and layoffs have dropped to pre-recession levels. Economic output has rebounded. And ...

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County leads upstate in fraud recovery

The Monroe County District Attorney’s Office, so far this year, has obtained orders requiring payments of $126,868 from successful prosecutions of people charged with unemployment insurance fraud. Only New York County, home to Manhattan, brought in more in restitution ...

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Ex-president Clinton talks job strategy

ALBANY — In an often rousing speech, former President Bill Clinton urged New York to keep looking to the future to create a better state. “New York can rise again,” Clinton said “What we need is to suit up and win again.” He urged the Rust Belt ...

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Schwab recovering from heart surgery

SAN FRANCISCO — Charles Schwab, the founder and chairman of discount brokerage Charles Schwab Corp., is recuperating after undergoing successful heart valve replacement surgery on Friday.

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