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Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...Tags: Mortgages, Freddie Mac, Loans, Credit Ratings
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Bloomberg appoints former IBM chief to advise on data issues
ReutersBy Jennifer Saba NEW YORK, May 17 (Reuters) - Bloomberg LP appointed former IBM Chairman and CEO Samuel Palmisano as an independent adviser on security and data issues, as the company seeks to address customers' concerns about possible breaches in the...Tags: Economy, Business and Finance, Finance, The New York Times, Bloomberg L.P., Goldman Sachs Group, Inc.
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Minnesota lost 11,400 jobs in April
Star TribuneMinnesota's job market shrank for the second straight month in April, shedding 11,400 jobs thanks to a delayed spring and continued weakness in manufacturing hiring. "We had a pretty bad month," said Steve Hine, labor market economist for the...Tags: Career and Workplace, Manufacturing and Engineering, Marketing, Heavy Engineering, Employment
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Beyond the reach of banks, Indians targeted by outlaw fund scams
ReutersMUMBAI/KOLKATA (Reuters) - Dalia Ghosh, a 28-year-old nurse in the eastern Indian city of Kolkata, invested her savings in an unlicensed fund run by media conglomerate Saradha Group last year, hoping to start her own clothes business. But Saradha went...Tags: Finance, Economy, Business and Finance, HDFC Bank Limited, Realty, India
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White says SEC not now writing political spending rule
ReutersWASHINGTON (Reuters) - The head of the Securities and Exchange Commission told lawmakers on Thursday that her agency, despite pressure from liberal groups, is not currently drafting a rule that would call for public companies to disclose their political...Tags: Finance, Economy, Business and Finance, Elisse Walter, Parties and Movements, U.S. Congress
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Schwab reverses ban on client class-action lawsuits
ReutersBy Jed Horowitz May 16 (Reuters) - Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry and plaintiffs'...Tags: Financial Markets, Al Franken, Laws, Charles Schwab, Arbitration
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Florida court rules state time limits apply to securities arbitration
ReutersMay 16 (Reuters) - Florida's statute of limitations can apply not only to court proceedings, but to securities arbitration cases between investors and their brokers, the Florida Supreme Court ruled Thursday. The ruling, in favor of Raymond James...Tags: Financial Markets, Finance, Economy, Business and Finance, Arbitration, Crime, Law and Justice
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Moody's squeezes Lebanese banks, bonds
The Lebanon Daily StarMoody's negative outlook of both Lebanon's sovereign bonds and banks' deposit ratings is seen as another strong message that the political vacuum and failure to implement reforms can no longer be ignored. Just one day after Moody's changed the outlook...Tags: Moody's Corporation, Banking, Credit Ratings, Government, Credit and Debt
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Moody's: Global economicrecovery losing momentum
Arab News, Jeddah, Saudi ArabiaOver the past three months, the global economic recovery from last year's slowdown has lost momentum, with several economies still facing significant challenges and unlikely to quickly resume "normal" growth rates, says Moody's Investors Service in a...Tags: European Debt Crisis, Economy, Business and Finance, Moody's Corporation, Marketing, Labor Markets
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Ex-Citi CEO Pandit in tie-up with India's JM Financial
ReutersMUMBAI (Reuters) - Former Citigroup Chief Executive Vikram Pandit is buying a stake in Indian financial services company JM Financial Ltd , JM Financial said in a statement on Thursday. Pandit, who resigned from Citi last October, will also become non-...Tags: Finance, Economy, Business and Finance, India, Citigroup Incorporated, Marketing
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Mortgage rates climb on strong economic reports
Tribune reporterMortgage rates passed the 3.5 percent mark this week, largely due to a strong report on consumer spending. Freddie Mac reported Thursday that the average interest rate on a 30-year fixed-rate mortgage was 3.51 percent this week, compared with 3.42...Tags: Finance, Mortgages, Economy, Business and Finance, Freddie Mac, Money and Monetary Policy
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INTERVIEW-Liechtenstein open to bank data exchange talks with EU
Reuters* Secrecy helped create big Liechtenstein banking industry * Financial sector in crisis over global clampdown on tax evasion * Hope EU would accept British-style amnesty deal * Budget cuts raise questions over prized political stability By Emma...Tags: Finance, Government, Economy, Business and Finance, Austria, United Kingdom
May 16, 2013
|Story| Los Angeles Times
May 17, 2013
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|Story| Chicago Tribune
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|Story| Reuters
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