U.S. plan could forestall recession: Nasdaq CEO
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DAVOS, Switzerland  - Nasdaq Stock Market  President and Chief Executive Bob Greifeld said on Thursday a U.S. stimulus package had the ability to forestall a recession in the world's largest economy.
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The Nasdaq Stock Market Inc.  would consider working with a group of investment banks behind a rival trading platform if its bid for the London Stock Exchange  fails, Chief Executive Bob Greifeld told three British newspapers.
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Higher interest rates in Europe  and growing uncertainty over the cost of borrowing in the  United States could slow down parts of the global mergers and  acquisitions boom, experts say.
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Fears of a looming recession could batter U.S. stocks next week as investors weigh a dim earnings outlook for 2008 against a view that holds shares are cheap as seen by Microsoft's $44.6 billion bid for Yahoo.
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Problems in the U.S. subprime mortgage market are unlikely to push the U.S. economy into a recession over the next 12 months, the top economist for a leading U.S. business group said on Tuesday.
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Wall Street sent Washington a message: the recession that Ben S. Bernanke said can be averted is already here.
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While the U.S. economy is at some risk of a slowdown, it will probably avoid a recession, and any downturn is unlikely to be severe, Dallas Fed President Richard Fisher said on Thursday.
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JACKSON HOLE, Wyoming  - The weak housing market could topple the country into a full-blown recession and the Federal Reserve should slash interest rates aggressively, one of the country's most prominent economists warned on Saturday.
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The chief executive of UPS Inc. said Wednesday that the country is at increased risk of falling into a recession and it's not clear when the economy will rebound.
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A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
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(InfoWorld) - Former Federal Reserve chairman Alan Greenspan is hitting the airwaves promoting his new book, but his comments in recent interviews about the possibility of a recession might be scarier to IT folks than anything in the new tome. Greenspan, who has become a Federal Reserve chairman emeritus of sorts, might be more objective now that he is out of his federal role. He told the Wall Street Journal yesterday that he thought the probability of a recession is "slightly more than a third," up from merely a third, as he put it earlier this year. For IT professionals and CEOs of major software and hardware vendors, the prospect of a recession any time soon is downright daunting, given that memories of the 2001-2002 dot-com bust are still fresh. If housing price declines and the troubles with home mortgage lenders precipitate a longer economic downturn in the next year, the effect could roughly halve the 12-year cycle many economists track for upturns and downturns, some observers noted yesterday. "I'm certainly concerned with the housing downturn," said IT market analyst Jason Sajko, who studies government spending on IT for consulting firm Input. "But I don't see that creating something like what we felt in 2001 and 2002 so soon after then. I don't think we'll see an impact of that magnitude." Sajko and Input do frequent analysis of federal, state, and local spending on IT products and services. A month ago, Input said it was still projecting strong growth in state and local government spending in the United States on IT products and services into 2012, increasing from $43.9 billion in 2007 to $67.2 billion in 2012. That analysis was able to track the impact of the general economy, including the news in the last six months over housing market problems. In a small update to that analysis yesterday, Sajko said that state and local governments are also beginning to use a new catalog of IT vendors and prices called Schedule 70 provided by the U.S. General Services Administration. The GSA provides the catalog as a resource to thousands of state and local IT purchasing managers, Sajko explained. For Schedule 70, growth in IT spending among local and state governments will increase nearly 25 percent a year to 2012, exceeding $1 billion. While $1 billion is a small portion of the total spending in that category, it shows primarily a shift in the way spending will be done, not so much the overall level of spending related to the larger IT economy, Sajko said. Still, state and local spending on IT can be seen as a "more stable" area for IT spending in coming years than others, Sajko said. Several CEOs in recent days have said in interviews with Computerworld that they are carefully watching the direction of the general economy. They said they learned from the dot-com bust to adapt their products to the most successful market segments in order to weather downturns. For example, Maria Ligeti, CEO of startup React Systems in Roseville, Calif., said yesterday she has profited from observing the IT industry's upturns and downturns in Silicon Valley for more than 20 years while working in various roles. A new product and service her company is launching soon in emergency communications will be marketed to several vertical industry segments. She said the offerings have been fostered over several months by early adopters, she said. "We think we'll be somewhat immune" if there's a downturn, she said with confidence.
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Countrywide Financial Corp Chief Executive Angelo Mozilo said on Thursday the U.S. housing downturn is likely to lead the country into recession, but that the largest U.S. mortgage lender will survive.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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Wall Street may find itself on the   defensive next week if reports on housing and growth suggest   that the United States economy is headed for an acute slowdown   despite the Federal Reserve's pause in its two-year cycle of   interest-rate increases.
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Internet entrepreneur Brad Greenspan  outlined a new proposal on Friday to keep Dow Jones & Co Inc  out of Rupert Murdoch&#39;s hands, saying his plan could help boost  the stock price to above $100.
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US stocks fall on Thursday after the country's largest mortgage lender warns of a possible recession.
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Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is "clearly on the edge" of a recession, and he pointed to the depressed housing market as a primary culprit.