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Finance

A collection of news and information related to Finance published by this site and its partners.

Top Finance Articles

Displaying items 56-66
  • Wi-Fi provider Gowex filing for bankruptcy amid scandal

    Wi-Fi provider Gowex filing for bankruptcy amid scandal
    Gowex, a Madrid-based Wi-Fi provider that launched its free ad-supported service in Chicago less than two months ago, is filing for bankruptcy amid a financial scandal. Jenaro Garcia, founder and CEO of Gowex, resigned this week after admitting he...
  • Developer seeks crowd-funding for apartment deal

    Beacon Hill apartments in east Orange County is changing hands in what could be the first crowd-funded commercial real-estate deal in Central Florida. A South Florida real-estate company is scheduled to close in August on the 192-unit rental property,...
  • California ends fiscal year with extra cash for first time since 2007

    California ends fiscal year with extra cash for first time since 2007
    California marked another financial milestone last month, ending the fiscal year with leftover cash for the first time since 2007, according to a new report from the state controller. The general fund had $1.5 billion in cash as of June 30, the report...
  • Investment collapse is ancient history these days

    Investment collapse is ancient history these days
    TALLAHASSEE – Here's a rare bit of good news brought to you by your state government: remember nearly seven years ago when credit markets crashed, and Florida's investment fund for local governments nearly went belly-up? Well, stay calm and read...
  • UK banks may have to hold more capital than under global rule

    LONDON (Reuters) - The Bank of England (BoE) proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis. Launching a public...
  • Wells Fargo profit rises 3.8% as home lending regains some traction

    No. 1 mortgage lender Wells Fargo & Co. kicked off the bank earnings season with a 3.8% increase in profit in a report that sent modestly positive signals about Main Street lending and the housing market. Wells Fargo had second-quarter net income of $5....
  • U.S budget surplus falls to $71 billion in June

    WASHINGTON (Reuters) - The U.S. budget surplus was $71 billion at the end of June, down 39 percent from the same period last year, according to data released by the Treasury Department on Friday. Analysts polled by Reuters had expected a surplus of $80...
  • U.S. FCC votes to refocus Internet subsidy for schools

    (Reuters) - U.S. Federal Communications Commission on Friday voted along party lines to begin to transition E-Rate, the largest U.S. educational technology subsidy program, to focus on high-speed Internet and increasingly on Wi-Fi in the next few years....
  • Not a 'catastrophe' if U.S. inflation rises over 2 pct -Fed's Evans

    (Reuters) - The Federal Reserve could well let inflation rise to 2.4 percent or so, above its 2-percent target, if the economy requires it, a top U.S. central banker said. Chicago Fed President Charles Evans, in an interview with Bloomberg TV on...
  • L.A. pushes back in fight over DWP nonprofits

    L.A. pushes back in fight over DWP nonprofits
    As an annual deadline looms for Los Angeles to pay nearly $4 million to a controversial pair of Department of Water and Power affiliates, one city leader announced his refusal to sign the checks and another sued to have a court-appointed receiver take...
  • Mystery loan lets Jacksons keep both homes

    Mystery loan lets Jacksons keep both homes
    — A year ago, former Rep. Jesse Jackson Jr.'s attorneys said his family was in "significant financial peril" as he and his wife, Sandi, awaited sentencing for looting $750,000 from his campaign coffers. Jackson had to come up with that amount to...