Major U.S. banks are nearing a $10 billion settlement to resolve claims that they abused financially troubled homeowners as they sought to foreclose on their home purchase loans at the height of the country’s financial downturn. As millions of U.S. homeowners lost their jobs in 2009 and 2010, they often fell behind on their monthly […]
US Banks Near $10 Billion Settlement on Foreclosure Abuse
Posted January 7th, 2013 at 10:00 am (UTC-5)
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Global Markets Higher As US Congress Averts Financial Crisis
Posted January 2nd, 2013 at 2:45 pm (UTC-5)
World markets are opening the new year on a high note, after the U.S. Congress reached a deal to avert an early 2013 financial crisis that threatened to send the world’s largest economy into recession. In the U.S., key stock markets all jumped about 2 percent in Wednesday trading. Stocks also surged in Europe, with […]
Global Markets Higher As US Congress Averts Financial Crisis
Posted January 2nd, 2013 at 10:10 am (UTC-5)
World markets are opening 2013 on a high note, after the U.S. Congress reached a deal to avert an early 2013 financial crisis that threatened to send the world’s largest economy into recession. In the U.S., key stock markets all jumped 2 percent or more in the first half hour of trading Wednesday. Stocks also […]
Global Markets Higher As US Congress Averts Financial Crisis
Posted January 2nd, 2013 at 9:15 am (UTC-5)
World markets are opening 2013 on a high note, after the U.S. Congress reached a deal to avert an early 2013 financial crisis that threatened to send the world’s largest economy into recession. Asian stock markets welcomed the development in the first trading of the new year, with Hong Kong jumping 2.9 percent on Wednesday, […]
New Financial Choices Loom Soon for US
Posted January 1st, 2013 at 4:10 pm (UTC-5)
Even as the White House and congressional Republicans crafted an end-of-the-year tax and spending deal in Washington, they set the stage for more rancorous debate in the coming weeks over financial issues they sidestepped. The House of Representatives on Tuesday was considering whether to give its assent to a Senate-approved measure to keep tax rates […]
Pope Benedict Calls for Peace in Troubled Regions
Posted December 25th, 2012 at 8:25 am (UTC-5)
Pope Benedict has used his annual Christmas message to the world, calling for peace in global hot spots, including Syria. The pontiff prayed Tuesday that “peace would spring up for the people of Syria,” a country where tens of thousands have died in anti-government unrest. As he stood on the balcony of St. Peter’s Basilica […]
US Political Bickering Hurts Economy
Posted December 24th, 2012 at 11:40 am (UTC-5)
Continued political bickering in the United States is hurting stock and commodity prices and slowing spending by some U.S. holiday shoppers. Oil was trading below $89 a barrel Monday, as traders worried that an economic downturn could cut demand for energy. U.S. stocks were down in early trading, while European and Asian stocks were mixed […]
US Political Bickering Hurts Economy
Posted December 24th, 2012 at 10:50 am (UTC-5)
Continued political bickering in the United States is hurting stock and commodity prices and slowing spending by some U.S. holiday shoppers. Oil was trading below $89 a barrel Monday, as traders worried that an economic downturn could cut demand for energy. U.S. stocks were down in early trading, while European and Asian stocks were mixed […]
US Economy Advanced Faster than First Thought in the Summer
Posted December 20th, 2012 at 3:55 pm (UTC-5)
The U.S. economy advanced a bit faster in the summer months than the government first estimated, but it may be tailing off at the end of 2012. The government Thursday said the economy, the world’s largest, grew at a 3.1 percent pace in the July-to-September period. That was up from an earlier estimate of 2.7 […]
New York Stock Exchange, Icon of US Capitalism, Is Sold to Upstart
Posted December 20th, 2012 at 3:15 pm (UTC-5)
An upstart competitor is buying the venerable New York Stock Exchange, long the symbol of robust American capitalism. The owner of the 220-year-old New York exchange, NYSE Euronext, said Thursday it has agreed to an $8.2 billion deal to sell the iconic Wall Street fixture to IntercontinentalExchange. The 12-year-old Atlanta-based bourse focuses on trading future […]
