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Late Payments On Mortgages Hit 3-Year Low

Posted: 08/07/2012 - U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report.

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Knight Avoids Collapse With $400 Million Lifeline

Posted: 08/06/2012 - Knight Capital Group, the trading firm responsible for last week's stock market mayhem, avoided collapse by lining up a $400 million lifeline from a group of other Wall Street companies Monday morning.

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U.S. Consumer Confidence Rises In July

Posted: 07/31/2012 - U.S. consumer confidence rose in July after four months of declines, as a brighter outlook for short-term hiring offset longer-term worries about the economy.

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Home Prices Rose In All Major US Cities In May

Posted: 07/31/2012 - Home prices rose in May from April in every city tracked by a leading index, a sign that increasing sales and tight inventories are supporting a modest housing recovery.

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Ford Recalls Nearly 500K Escape SUVs For Sticking Pedals

Updated: 07/28/2012 - The new recall, which affects 2001 to 2004 models that have 3-liter, V-6 engines with cruise control or approximately 484,600 vehicles, was ordered after safety inspectors discovered the accelerator's speed control cables could become stuck.

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House GOP Passes Latest Anti-Regulation Bill

Posted: 07/26/2012 - The Republican-led House has passed legislation that would freeze major government regulations until the unemployment rate, now at 8.2 percent, drops to 6 percent or below.

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U.S. Jobless Claims Drop By 35,000

Posted: 07/26/2012 - The number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors.

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Rate On 30-Year Mortgage Hits New Record Low

Posted: 07/26/2012 - The average rate on the 30-year fixed mortgage fell again, this time dropping below 3.50 percent for the first time on records dating back 60 years.

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Sprint Loss Widens, But Revenue Beats Estimates

Posted: 07/26/2012 - Sprint Nextel's loss widened in the second quarter as the country's third-largest wireless carrier wrote down the value of its moribund Nextel network.

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Senate Ready For Symbolic Showdown On Tax Cuts

Posted: 07/25/2012 - Senate leaders have reversed course and decided to stage showdown votes on rival Democratic and Republican plans for extending broad tax cuts next year that will otherwise expire in January.

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US New-Home Sales Fall To 5-Month Low

Posted: 07/25/2012 - Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market could make the housing recovery slow and uneven.

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Gas Prices Up Eleven Cents In July

Posted: 07/19/2012 - Since the start of July, the average price at the pump has risen 11 cents, with a gallon of regular gas now averaging $3.44.

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Mortgage Rates Fall Below Three Percent

Posted: 07/19/2012 - Average rates on fixed mortgages fell again to record lows, creating more incentive for buyers to enter the recovering housing market.

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Capital One Repays Consumers To End Card Probe

Posted: 07/18/2012 - Capital One Bank is paying $165 million to settle charges that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

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U.S. Congress Conducting Rate-Fixing Inquiries

Posted: 07/10/2012 - Two congressional committees are raising questions about what U.S. regulators knew concerning allegations that a key global interest rate was being manipulated.

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