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Curbing Derivatives Might Hurt, Not Help, Greece Wednesday, March 10, 2010 @ 1:12AMTreasury Secretary Timothy Geithner talks with Greek Prime Minister George Papandreou before their meeting, Tuesday, March 9, 2010, in Washington. (AP Photo/Haraz N. Ghanbari) (AP) The complex fina...
Short sales increasing in Douglas County Wednesday, March 10, 2010 @ 1:09AMEveryone knows the phrase “desperate times call for desperate measures,” but in a struggling real estate market, not everyone knows the right measures to take.
Japanese Machinery Orders Declined 3.7% in January (Update2) Wednesday, March 10, 2010 @ 1:03AMMarch 10 (Bloomberg) -- Japan’s machinery orders slipped in January after the biggest jump since 2000, indicating a subdued appetite among the nation’s companies to ramp up capital spending even as manufacturing passed its worst.
Panel: Teaching cash smarts is best way to stop scammers Wednesday, March 10, 2010 @ 12:45AMFinancial literacy and education may be the single most powerfultool in the fight against ripoff artists, loan sharks, scammers andothers looking to prey on the financially desperate, a panel ofgovernment and nonprofit officials agreed on Tuesday.
Obama 'fired up' at stop in Philadelphia Wednesday, March 10, 2010 @ 12:41AMGLENSIDE - Stirring memories of his campaign for the White House, President Barack Obama made a spirited, shirt-sleeved appeal for passage of long-stalled health care changes Monday as Democratic congressional leaders worked behind the scenes on legislation they hope can quickly gain passage.
Spirited Obama pushes health reform Wednesday, March 10, 2010 @ 12:38AMGLENSIDE, Pa. — Stirring campaign memories, President Barack Obama made a spirited, shirt-sleeved appeal for passage of long-stalled health care changes Monday as Democratic congressional leaders worked behind the scenes on legislation they hope can quickly gain passage.
It's all Greek to NY Wednesday, March 10, 2010 @ 12:35AMGreek Prime Minister George Papandreou came to Washington yesterday to ask President Obama to help save his nation from speculators. In other words, he wants America to help him shoot the messenger. Sorry, Greece is no innocent victim: It helped get itself into a mess -- by exploiting the bailout...
Aftershocks rattle Chile, death toll unclear Wednesday, March 10, 2010 @ 12:34AMAftershocks rattled south-central Chile on Friday, seven days after one of the strongest earthquakes on record ravaged the area, and the government said it was revising faulty death toll figures.
Dubai World 'to deliver debt plan this month' Monday, March 8, 2010 @ 9:38PMDUBAI – Dubai's government said Monday that state-owned conglomerate Dubai World will this month present creditors a proposal on restructuring its $22bil (RM72.6bil) of debt.
Payday lenders: loan sharks or endangered species? Monday, March 8, 2010 @ 9:38PMDENVER - A controversial proposal to cap the interest rates that can be applied to short-term or "payday" loans is still alive after a five-hour hearing at the State Capitol.
Phoenix-area bankruptcy filings climbed in February Monday, March 8, 2010 @ 9:37PMBankruptcy filings climbed in February after a dip in January as more debt-strapped individuals apparently used income-tax refunds to get the ball rolling.
= UPDATE:Dubai CDS Drops,Stks Rise;Dubai World Debt Proposal Hopes Monday, March 8, 2010 @ 9:30PM(Adds closing Dubai stock index level, updates CDS.) DUBAI (Zawya Dow Jones)--The cost of insuring Dubai's sovereign debt against default fell sharply Monday and stocks rallied on signs that Dubai World Dubai World will approach creditors this week with a proposal for restructuring $22 billion in debt.
Obama pitches health plan in spirited appearance Monday, March 8, 2010 @ 9:08PM“Let’s seize reform. It’s within our grasp,“ the president implored his audience at Arcadia University.
Payday Lenders Rally At State Capitol Monday, March 8, 2010 @ 8:44PMPayday lenders rallied at the state Capitol Monday against a bill they say would put them out of business.
Parkview Community Hospital misses repayment deadline Monday, March 8, 2010 @ 8:38PMPrime Healthcare Services Inc. today is expected to move toward foreclosure against Parkview Community Hospital Medical Center which has been trying for months to secure a loan to pay of its debt.
Philippine Central Bank May Further Unwind Stimulus (Update1) Monday, March 8, 2010 @ 8:20PMThe Philippines will consider unwinding some of its stimulus measures even as it may keep interest rates unchanged to support the economic recovery, central bank Deputy Governor Diwa Guinigundo said.
Avoid car-buying traps Saturday, March 6, 2010 @ 6:34AMCar buyers often focus on haggling down a dearler's offer toward invoice price. That's OK, but often that's not where the real money is. Instead, focus on other components such as loans and trade-ins.
Expert: Gubernatorial candidate Ron Sparks' loan 'almost unheard of' Saturday, March 6, 2010 @ 5:22AMMONTGOMERY - Ron Sparks would need about twice the income and real estate assets that public records show in his possession in order to qualify for a $500,000 loan from most lenders, according to a banking expert.
Canwest's sales deadline nears Saturday, March 6, 2010 @ 4:51AMTORONTO - The newspaper assets of Canwest Global Communications are looking more attractive to potential buyers on the heels of surprisingly strong earnings from media giant Torstar Corp., one of the companies widely considered a potential bidder for the dailies.
Help for gambling addicts is salvaged in final state budget Saturday, March 6, 2010 @ 4:07AMLast-minute lobbying led to the Legislature’s surprise reinstatement of a portion of slot machine taxes earmarked for problem gambling treatment, education and research.
White House announces $1.5B in housing relief Saturday, March 6, 2010 @ 3:39AMThe White House invited lenders Friday to apply for $1.5 billion in relief for troubled mortgages in five states, including Michigan.
China’s Wen May Struggle to Meet 3% Inflation Target (Update1) Saturday, March 6, 2010 @ 2:34AMPremier Wen Jiabao may struggle to keep inflation at his 2010 target of about 3 percent, after banks flooded the Chinese financial system with money to drive the nation’s economic rebound.
Leader of mortgage scam pleads guilty Saturday, March 6, 2010 @ 2:25AMA San Diego gang member who federal authorities said was the leader of a massive mortgage fraud scam pleaded guilty yesterday to participating in a racketeering conspiracy involving bank fraud, money laundering and other crimes.
Wage boards set to hear pay increase demands Saturday, March 6, 2010 @ 1:57AMTHE government is considering a wage increase after inflation stayed above 4 percent for the third straight month, an official said Friday.
BREAKING NEWS: Elderly Man Believed to be Trapped in House Fire Monday, March 1, 2010 @ 9:28PMLawrence County firefighters are on the scene of a house fire late Monday night, and an elderly man is believed to be trapped inside.
Texas AG sues Valley home developer over undisclosed back taxes, liens Monday, March 1, 2010 @ 9:27PMDONNA — With a lousy credit history and a modest income, Eric Shidler thought he’d found the deal of a lifetime in Casa Linda Homes. The McAllen-based company helped put him in a modest house in Donna two years ago by offering its own internal...
'Poor management' failed Metronet Monday, March 1, 2010 @ 9:16PM"Poor and inadequate" management of the failed Tube maintenance firm Metronet cost taxpayers up to £410m, a report says.
Our Man in China Sees No Global Crash Monday, March 1, 2010 @ 9:13PMWe occasionally feature here the thoughts of Mario Cavolo , a speaker, writer and media personality who has lived in China for more than a decade. Mario is much more bullish on the big picture than we are, doubting as he does that capitalism and the global economy face a catastrophic collapse.
Freedom Communications may leave bankruptcy by March 31 Monday, March 1, 2010 @ 9:12PMIRVINE, CALIF. — Freedom Communications Inc., the parent company of The Brownsville Herald, Valley Morning Star of Harlingen, Mid-Valley Town Crier and The Monitor of McAllen should emerge from bankruptcy by the end of March, according to the...
Hong Kong’s Mortgage Rates Hurt Profits, Leung Says (Update1) Monday, March 1, 2010 @ 9:00PMMarch 2 (Bloomberg) -- Hong Kong mortgages will erode profitability if borrowing costs are further reduced, said Margaret Leung , chief executive officer of Hang Seng Bank Ltd.
Hong Kong’s Mortgage Rates Hurt Profits, Leung Says (Update1) Monday, March 1, 2010 @ 8:57PMHong Kong mortgages will erode profitability if borrowing costs are further reduced, said Margaret Leung, chief executive officer of Hang Seng Bank Ltd., the city’s second-largest provider of home loans.
Man Dies in DUI-Related Crash in Logan County Monday, March 1, 2010 @ 8:43PMA three-car accident in Logan County ended with an elderly man dead and a teenager in jail.
Finding a Lender When Buying Miami Condos Monday, March 1, 2010 @ 8:37PMAs you may know by now, financing is one of the most important steps in buying real estate, including Miami condos. In fact, even before looking at properties listed in the market, you need to know first where the huge chunk of money you need to afford a home will come from.
Kanawha County Commission Holding Spring Cleanup Sites Monday, March 1, 2010 @ 8:28PMThe Kanawha County Commission is holding four spring cleanup sites again this year.
Differing views on health care, the economy Sunday, February 28, 2010 @ 2:07AMLeading Republicans in Washington say the president’s attention to health care reform takes the focus away from where it should be — the economy and job creation.
On the Market: State Realtors housing foundation offers grants Sunday, February 28, 2010 @ 1:12AMThe Steamboat Springs Board of Realtors has announced that the Colorado Association of Realtors Housing Opportunity Foundation is sponsoring a work force housing initiative and offering $100,000 in grants. Nonprofit and employer housing programs that support work force housing by offering down payment assistance to help workers buy homes in their communities can apply.
Stimulus program loans draw ire from all sides Sunday, February 28, 2010 @ 1:10AMSmall businesses and regulators say the federal program has been ineffective
Fewer folks losing homes Sunday, February 28, 2010 @ 12:43AMThe end of the foreclosure crisis is finally in sight. For the first time in almost three years, the number of homeowners falling behind on their loans is declining.
WSJE(2/25) The Other Great Britain Credit Crisis Sunday, February 28, 2010 @ 12:37AMDUBAI -- The development of the Great Britain island on Dubai's "The World" project has been thrown into doubt as its owners languish in jail awaiting trial for allegedly bouncing a check worth more than 200 million dirhams ($54.4 million).
Some banks turning to 'payday' type loans Sunday, February 28, 2010 @ 12:07AMU.S. banks, threatened by new limitations on overdraft fees, may look to short-term products similar to "payday" loans to help replace as much as $20 billion in lost revenue.
Lending tough, but options available Sunday, February 28, 2010 @ 12:06AMThere was a time when Dennis Harvey could scroll through his lender list until he heard something to his and his clients' liking.
Welcome to the Blogislature Thursday, February 25, 2010 @ 5:31PMAs we note in this feature story , our state legislators have filed more than 1,200 bills and a bunch more resolutions and memorials, ranging from a bill that provides new ways to hassle anyone who looks like an illegal immigrant to a resolution praising the Chicago Cubs for continuing to hold spring training games in Mesa. How can you, as a good citizen, keep track of all of this? Well, we’re ...
Policy tightening pervades the first working week of the year of the tiger Thursday, February 25, 2010 @ 5:01PMChinese authorities have shown a strong will to tighten capital markets by raising reserve requirement ratios twice in a month, but specialists say it's an insufficient effort.
Ohio Bars Can Fight Smoking Ban Fines Thursday, February 25, 2010 @ 4:08PMA group challenging a policy used to enforce Ohio's ban on workplace smoking says a judge's ruling in favor of a Columbus bar means other taverns who have been cited by the Ohio Department of Health could have their violations tossed.
Kentucky Senate Approves Public School Bible Classes Thursday, February 25, 2010 @ 4:08PMThe Senate has voted overwhelmingly to allow Bible classes to be taught in public schools across Kentucky.
Finalists Named for WVU's Next Mountaineer Thursday, February 25, 2010 @ 4:08PMThe four will compete against each other in a cheer-off at Saturday's WVU-Cincinnati men’s basketball game.
Three Arrested in Flatwoods, Ky. Drug Raid Thursday, February 25, 2010 @ 4:07PMOfficers arrested Mary Basenback, 46, of Flatwoods; Lawrence Basenback, 54 of Flatwoods; and Morris Jordan, 34 of Ashland.
Blame game continues in Yellowstone Club hearings Wednesday, February 24, 2010 @ 8:54PM(AP:MISSOULA, Mont.) A down-on-his-luck billionaire and a banking giant with a soiled name sparred Wednesday in bankruptcy court, each blaming the other for fleecing the ritzy Yellowstone Club of nearly $300 million.
Inland businesses split over impact of Senate jobs bill Wednesday, February 24, 2010 @ 8:40PMThe Senate passed a $35 billion measure Wednesday that would give tax benefits to businesses that hire unemployed workers and extend the federal aid program that funds highway and mass transit improvements. The plan now must be reconciled with a much more extensive -- and more costly -- jobs bill passed by the House in December.
Freddie Mac loses $11b in Q4 Wednesday, February 24, 2010 @ 7:51PMWASHINGTON - FREDDIE Mac lost almost US$26 billion (S$36.6 billion) last year, ominous news for US taxpayers who are footing the bill to rescue the mortgage finance company and its sibling Fannie Mae.