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Summary Box: China passes Japan as No. 2 economy (AP) (Aug-16, 17:17 EDT )-- AP - MOVING AHEAD: China has eclipsed Japan as the world's second-biggest economy after three decades of blistering growth that has put it on pace to overtake the U.S. as the world's largest economy as early as 2020.
Is that for-profit certificate worth the debt? (AP) (Aug-16, 17:10 EDT )-- AP - One sign a degree from a for-profit school may not be worth pursuing? You won't be able to repay your student loans after graduating.
Interest rates mixed at weekly Treasury auction (AP) (Aug-16, 16:14 EDT )-- AP - Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on three-month bills rising while rates on six-month bills fell to the lowest level since June.
Summary Box: Homebuilder confidence sinks (AP) (Aug-16, 15:58 EDT )-- AP - FALLING CONFIDENCE: Developers' confidence about the housing market dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties kept people from buying new homes.
Home builder mood sours (Reuters) (Aug-16, 15:48 EDT )-- Reuters - U.S. home builders' optimism hit a near 1-1/2 year low in August and a regional manufacturing gauge grew more slowly than expected, implying the economic slowdown continued into the third quarter.
Federal Reserve cracks down on mortgage fees (AP) (Aug-16, 15:34 EDT )-- AP - The Federal Reserve is banning mortgage brokers and lenders from reaping bigger fees by steering consumers into more expensive home loans.
Federal Reserve cracks down on mortgage fees (AP) (Aug-16, 15:34 EDT )-- AP - The Federal Reserve is banning mortgage brokers and lenders from reaping bigger fees by steering consumers into more expensive home loans.
Fed survey finds easier business lending standards (AP) (Aug-16, 15:26 EDT )-- AP - Banks have eased lending standards for small businesses for the first time in nearly four years, the Federal Reserve said Monday .
China surges past Japan as No. 2 economy; US next? (AP) (Aug-16, 15:21 EDT )-- AP - China has eclipsed Japan as the world's second-biggest economy after three decades of blistering growth that put overtaking the U.S. in reach within 10 years.
Obama pleads to voters: 'Don't give in to fear' (AP) (Aug-16, 15:03 EDT )-- AP - Flying thousands of miles to reap millions of dollars, President Barack Obama is dashing across the country to help his party retain power, essentially offering one familiar argument: Republicans don't solve problems.
States get grants to help regulate increases in health insurance rates (Aug-16, 15:01 EDT )-- The Obama administration has awarded 45 states $1 million each to help them improve their oversight of health insurance premium increases. Health insurance - Insurance - United States - Financial Services - Business
Barclays agrees to forfeit $298 million to settle sanction violations charges (Aug-16, 14:46 EDT )-- Barclay's Bank has agreed to forfeit $298 million to U.S. and New York authorities to settle criminal charges brought Monday by federal prosecutors, who allege that the British bank violated U.S. financial sanctions against Cuba, Iran, Libya, Sudan and...
Largest 2009 economies by gross domestic product (AP) (Aug-16, 14:21 EDT )-- AP - A look at the 10 largest economies in the world by Gross Domestic Product for 2009, according to the International Monetary Fund. Figures all are in U.S. dollars
Obama touts economic plans on campaign odyssey (Reuters) (Aug-16, 13:56 EDT )-- Reuters - President Barack Obama criss-crossed the United States on Monday touting his economic stimulus policies and slamming rival Republicans as he campaigned for Democrats fighting to keep control of the U.S. Congress in November's elections.
Fed says loan standards eased (Reuters) (Aug-16, 13:09 EDT )-- Reuters - The Federal Reserve said on Monday bank lending standards eased somewhat over the last three months while demand for business and consumer loans was largely unchanged.
This Tip Will Make You a Smarter ETF Investor (The Motley Fool) (Aug-16, 12:40 EDT )-- The Motley Fool - Exchange-traded funds are one of the hottest investments around right now, and they can also be some of the best investments you can make. If you really want to make the most of ETFs in your portfolio, though, you need to understand...
Bills push to make Web devices more accessible to disabled users (Aug-16, 11:54 EDT )-- Blind and deaf consumers, who have fought to make home phones and television more accessible, say they are now being left behind on the Web and many mobile devices. Touch-based smartphone screens confound blind people who rely on buttons and raised...
Why Does the Market Hate Blue Chips? (The Motley Fool) (Aug-16, 11:35 EDT )-- The Motley Fool - In a down market marred by exceptional uncertainty, high-quality stocks should be a dead certainty to outperform, as investors seek out safer investments, but that hasn't happened this year. To the continued bewilderment of value...
(Aug-16, 11:10 EDT )-- Overdraft - United States - Business - Financial Services - Banking Services
Customers must now give banks permission to overdraw accounts (Aug-16, 11:08 EDT )-- As of this week, big banks will no longer allow you to overdraw your account -- and charge you a high fee for it -- unless you give them permission. Overdraft - United States - Business - Financial Services - Banking Services
Fed sets mortgage disclosure, compensation rules (Reuters) (Aug-16, 11:05 EDT )-- Reuters - The Federal Reserve on Monday published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for steering borrowers into loans with higher...
Fed sets mortgage disclosure, compensation rules (Reuters) (Aug-16, 11:05 EDT )-- Reuters - The Federal Reserve on Monday published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for steering borrowers into loans with higher...
UK forecaster: Britain could return to recession (AP) (Aug-16, 10:04 EDT )-- AP - The head of Britain's new Treasury watchdog says he can't be sure the country won't slide back into recession.
Fed says reverse mortgage loans pose risks (Reuters) (Aug-16, 10:00 EDT )-- Reuters - The Federal Reserve and other top regulators said on Monday reverse mortgages pose "compliance and reputation risks" for lenders, and offered guidance to financial firms on how to avoid such pitfalls.
Fed says reverse mortgage loans pose risks (Reuters) (Aug-16, 10:00 EDT )-- Reuters - The Federal Reserve and other top regulators said on Monday reverse mortgages pose "compliance and reputation risks" for lenders, and offered guidance to financial firms on how to avoid such pitfalls.
Homebuilder confidence sinks for 3rd month (AP) (Aug-16, 09:24 EDT )-- AP - Homebuilder confidence dropped for the third straight month in August as the struggling economy and a flood of cheap foreclosed properties kept people from buying new homes.
China overtakes Japan in 2Q as No. 2 economy (AP) (Aug-16, 09:18 EDT )-- AP - Japan lost its place as the world's No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.
Home-builder sentiment slides to 17-month low in Aug (Reuters) (Aug-16, 09:02 EDT )-- Reuters - Home-builder sentiment unexpectedly fell for a third straight month in August to its lowest level in nearly 1-1/2 years, according to a survey on Monday that pointed to a weak housing market.
NY manufacturing falls short of forecast (Reuters) (Aug-16, 08:53 EDT )-- Reuters - A gauge of U.S. regional manufacturing rose in August after plunging the previous month, but it fell short of forecasts and contained some grim details, adding to evidence the U.S. recovery is losing momentum.
China tops Japan as second biggest economy in Q2 (Reuters) (Aug-16, 08:49 EDT )-- Reuters - Growth in Japan's economy slowed to a crawl in the second quarter and analysts see more weakness ahead, adding to policymakers' headaches as they grapple with deflation and a rise in the yen that threatens an export-reliant recovery.
NY Fed manufacturing activity grows slightly in August (Reuters) (Aug-16, 07:43 EDT )-- Reuters - A gauge of manufacturing in New York State rose slightly in August after plunging the previous month as employment rebounded, the New York Federal Reserve said in a report on Monday.
Lowe's 2Q profit rises 10 pct; cuts sales outlook (AP) (Aug-16, 07:04 EDT )-- AP - Home-improvement retailer Lowe's Cos.' profit rose 10 percent in the second quarter. But it cut its revenue outlook because of worries about the economy.
Japan's unadjusted GDP less than China's: govt (Reuters) (Aug-16, 05:24 EDT )-- Reuters - Japan's second-quarter GDP was less than China's before seasonal adjustments, government data showed on Monday, underscoring expectations that China will overtake Japan as the world's second-largest economy this year.
Obama launching 3 days of fundraising travel (AP) (Aug-16, 05:17 EDT )-- AP - President Barack Obama is out to make sure his presence pays for Democrats, launching a three-day fundraising trip on Monday in which he will touch nearly every region of the nation and play up his economic agenda.
ECB's Stark: EU set for more economic surveillance (Reuters) (Aug-16, 01:53 EDT )-- Reuters - Europe is set to ramp up economic surveillance to prevent a repeat of the region's recent debt crisis, European Central Bank Executive Board member Juergen Stark said on Monday.
China consortium may bid for 30 percent of AIA: report (Reuters) (Aug-16, 01:29 EDT )-- Reuters - A consortium of leading Chinese companies including Industrial and Commercial Bank of China Ltd (1398.HK)(601398.SS), China Life Insurance Co Ltd (2628.HK) (601628.SS), plans to bid for a 30 percent stake in American International Group Ltd's...
China surpasses Japan as world's No. 2 economy (Aug-15, 23:00 EDT )-- TOKYO -- Japan lost its place to China as the world's No. 2 economy in the second quarter, as receding global growth sapped momentum and stunted a shaky recovery. Japan - Asia - Business and Economy - Expatriate Life - United States
Waste from BP oil spill cleanup has gulf residents near landfills concerned (Aug-15, 23:00 EDT )-- GRAND ISLE, LA. -- The pile of soiled boom sitting more than four feet high and cooking under the summer sun at an abandoned shipyard here will be a part of the oil spill that endures. Oil spill - Environment - Energy - Waste management -...
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Democrats uncertain about approach to midterms (Aug-15, 23:00 EDT )-- The Democrats passed the stimulus package. They passed health-care and Wall Street overhauls and revamped the financing system for higher education. Their other main priorities, on immigration and energy, appear to be headed nowhere. Democratic...
INSIDER TRANSACTIONS (Aug-15, 23:00 EDT )-- Sports - Teams - United States - U.S. Securities and Exchange Commission - Apple
English-language pulp fiction translates to success in India (Aug-15, 23:00 EDT )-- CHENNAI, INDIA -- Hindi and Tamil paperbacks, the gaudy equivalent of American dime novels and British penny dreadfuls, were a staple of old India, sold at the country's railway stations, bus depots and chai stands. Now, a push to translate them into...
APPOINTMENTS (Aug-15, 23:00 EDT )-- Harvey-Cleary Builders of Gaithersburg named Adina Salomon project manager in its tenant improvement group. Windows - Shareware - Personal information manager - Calendars - Personal Organizers
(Aug-15, 23:00 EDT )-- JOSEPH L. COWAN Position: President and chief executive of Online Resources, a Chantilly-based provider of online-banking and bill-payment services to financial institutions.
Face Time: D.C. area tech events (Aug-15, 23:00 EDT )-- TUESDAY Selecting the Right Business Entity. Seminar will help owners determine which basic form of business organization best addresses their small-business needs. 6 to 8:30 p.m., George Washington University Virginia Science & Technology Campus, Room...
Are bigger health-care networks better or just creating a monopoly? (Aug-15, 23:00 EDT )-- ROANOKE -- Railroads put this city on the map, but the king of the domain is now health care -- or rather, the Carilion Clinic. United States - Politics - Health care reform - Health - Monopoly
Bankruptcies (Aug-15, 23:00 EDT )-- These firms recently filed with the U.S. Bankruptcy Court's local clerk of court offices. Bankruptcy - Law - United States - Services - Lawyers and Law Firms
U.S. set to award $1 million contract to expand the market for Afghan carpets (Aug-15, 23:00 EDT )-- Afghanistan is a nation of weavers, with some 1 million people helping to hand-knot intricate patterns of delicate wool. But it is also a nation at war -- one that lacks factories and the equipment that would suit a proper industry. United States...
FDA considers revoking approval of Avastin for advanced breast cancer (Aug-15, 23:00 EDT )-- Federal regulators are considering taking the highly unusual step of rescinding approval of a drug that patients with advanced breast cancer turn to as a last-ditch hope. Breast cancer - Cancer - Breast - Health - Food and Drug Administration
Young parking lot czar is the face of Ethiopian success in the D.C. area (Aug-15, 23:00 EDT )-- Ask any of the thousands of Ethiopian immigrants working as parking attendants or cabbies around Washington whom they aspire to be like, and you'll probably hear about Henok Tesfaye. Ethiopia - Africa - United States - Arts and Entertainment - Arts
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