RSS Feed Alerts
Rise in ‘strategic defaults' in mortgages may be exaggerated (Aug-6, 23:00 EDT )-- Strategic defaults on mortgages are throwing more properties on an already glutted market. But such walkaways are less prevalent than commonly thought and are probably trending downward. Business - Financial services - Strategic Management -...
House lawyer: For thousands of responsible tenants, consult local agencies (Aug-6, 23:00 EDT )-- Residential landlords, do you have vacant apartments or nonpaying tenants? Are late rent payments and tenant turnover cutting into your profit? You might be surprised to learn where you can find tens of thousands of qualified, prescreened local tenants...
Shared housing: How to live close to, and remain close with, the neighbors (Aug-6, 23:00 EDT )-- Melissa Danielson doesn't mind hearing the occasional dog barking on the other side of the wall. She enjoys the chance to bump into neighbors as they come and go. And she laughs when little ones toddle up to the wrong house because they all look alike....
Goolsbee, Tyson considered for White House economy job (Reuters) (Aug-6, 19:27 EDT )-- Reuters - President Barack Obama is considering economic adviser Austan Goolsbee and Laura Tyson, a senior economist in Bill Clinton's White House, to take over as one of his top policymakers, an administration official said on Friday.
More HAMP homeowners falling behind (Reuters) (Aug-6, 19:04 EDT )-- Reuters - The Treasury Department on Friday acknowledged that the number of homeowners in trouble again despite getting help from the administration's signature mortgage aid program was higher than earlier estimates.
131,000 Jobs Lost, Worse Than Views; Will Fed Do More? (Investor's Business Daily) (Aug-6, 18:45 EDT )-- Investor's Business Daily - Employment shrank more than expected in July, the Labor Department said Friday, as the sluggish recovery from the sharpest job losses in decades raised speculation that the Federal Reserve may take new action this week.
71K more jobs not enough to dent unemployment rate (AP) (Aug-6, 18:35 EDT )-- AP - Adding a net 71,000 private-sector jobs a month to the economy might sound like a lot. But that's a tiny fraction of the number of people unemployed in the U.S. It's not even enough to keep pace with the nation's population growth.
Lawmaker wants hearing into Fannie allegations (AP) (Aug-6, 18:01 EDT )-- AP - A House Republican is calling for a hearing into a former Fannie Mae employee's allegations that the mortgage giant fired her after she criticized how the company was running a government loan assistance program.
Romer says her White House departure long planned (AP) (Aug-6, 18:01 EDT )-- AP - Christina Romer, the departing chief of President Barack Obama's economic advisory council, cast disagreements among key players on the White House economic team as a healthy part of reaching tough policy decisions.
Fannie Mae and Freddie Mac (Investor's Business Daily) (Aug-6, 17:42 EDT )-- Investor's Business Daily - Fannie Mae (OTCBB:FNMA.ob - News) and Freddie Mac (OTCBB:FMCC.ob - News), the gov't-backed mortgage agencies, could be replaced by a variety of organizational forms providing mortgage credit with less systemic risk, Federal...
Economy 101: July's job snapshot, by the numbers (AP) (Aug-6, 17:37 EDT )-- AP - Businesses hired a few more workers in July, but not nearly enough to bring down the unemployment rate, according to a Labor Department report released Friday.
US gets suspect in hacking case that spanned world (AP) (Aug-6, 16:53 EDT )-- AP - In November 2008, with the nation transfixed by a presidential election and a collapsing economy, a group of international hackers infiltrated the computer network of a major financial services company in what authorities describe as one of the...
Clarification: Genworth ratings story (AP) (Aug-6, 16:15 EDT )-- AP - In a story Aug. 6 about Genworth Financial Inc., The Associated Press reported that Fitch estimates Genworth's life insurance companies will lose $800 million over the next 12 to 18 months, but that they are manageable because of the company's...
US consumer credit falls fifth month (AFP) (Aug-6, 16:04 EDT )-- AFP - Americans cut borrowing for the fifth straight month in June, the Federal Reserve said Thursday, as the US economic recovery showed signs of stalling.
US consumer credit falls fifth month (AFP) (Aug-6, 16:04 EDT )-- AFP - Americans cut borrowing for the fifth straight month in June, the Federal Reserve said Thursday, as the US economic recovery showed signs of stalling.
3rd month of weak hiring signals long slog ahead (AP) (Aug-6, 15:59 EDT )-- AP - The nation isn't creating nearly enough jobs to reduce persistently high unemployment.
Consumers cut back on credit cards again in June (AP) (Aug-6, 15:56 EDT )-- AP - Consumer borrowing fell in June for a fifth straight month as households keep cutting back on credit card use.
Consumers cut back on credit cards again in June (AP) (Aug-6, 15:56 EDT )-- AP - Consumer borrowing fell in June for a fifth straight month as households keep cutting back on credit card use.
Fed to weigh pick-me-up for flagging recovery (Reuters) (Aug-6, 15:50 EDT )-- Reuters - The Federal Reserve on Tuesday may send a clear signal it is prepared to print more money to support a faltering economic recovery if necessary.
US, UN declare Harakat-ul Jihad al-Islami a terrorist group (AFP) (Aug-6, 15:39 EDT )-- AFP - The United States and the United Nations Friday designated Pakistan's Harakat-ul Jihad al-Islami as a foreign terror group and blacklisted it commander, the US Treasury Department said.
Obama expected to resubmit Diamond's Fed nomination (Reuters) (Aug-6, 15:30 EDT )-- Reuters - President Barack Obama is expected to renominate Peter Diamond to become a member of the Federal Reserve Board, a White House official said on Friday.
Is Super-Investor John Paulson Turning Bearish? (The Motley Fool) (Aug-6, 15:15 EDT )-- The Motley Fool - On Wednesday, the Financial Times reported that uber-successful hedge fund manager John Paulson had reduced his exposure to stocks. This is the same person who told his investors in a conference call at the beginning of May that ...
Republicans attack Democrats on jobs (Reuters) (Aug-6, 14:48 EDT )-- Reuters - Republicans emboldened by a weak U.S. jobs report pressed their attack against the ruling Democrats on Friday, hoping to translate Americans' unhappiness with the economy into votes on November 2.
Oil prices fall below $81 a barrel (AP) (Aug-6, 14:38 EDT )-- AP - Oil prices dipped after a U.S. government jobs report prompted new concerns about economic growth.
With Fannie and Freddie bailed out, other voices edge in on the housing debate (Aug-6, 14:36 EDT )-- For several decades, whenever a question of housing policy came up in Washington, two companies dominated. Fannie Mae and Freddie Mac marshaled armies of lobbyists, deep political connections and millions of dollars in contributions to get their way. ...
Economic developments around the globe (AP) (Aug-6, 13:52 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Friday:
Goolsbee and Tyson considered for White House economy job (Reuters) (Aug-6, 13:46 EDT )-- Reuters - President Barack Obama is considering economic adviser Austan Goolsbee and Laura Tyson, a senior economist in Bill Clinton's White House, to take over as one of his top policymakers, an administration official said on Friday.
5 Nonfinancial Ways to Prepare for Retirement (U.S. News & World Report) (Aug-6, 13:37 EDT )-- U.S. News & World Report - We discuss the importance of saving and investing for retirement so often that we sometimes forget the importance of other areas of our lives. While tucking away enough money is important, having a comfortable retirement is...
PHH to offer $350 million in senior notes (AP) (Aug-6, 13:24 EDT )-- AP - Mortgage company PHH Corp. said Friday it will offer $350 million in senior notes.
Economic recovery sputters as companies add only 71,000 jobs in July (Aug-6, 12:18 EDT )-- The nation's economic recovery continued to sputter as private-sector employers added just 71,000 jobs in July, according to a report released Friday by the Labor Department. Employment - Business - Business and Economy - Job Search - Asia
ALL BUSINESS: Risks abound if too many refinance (AP) (Aug-6, 12:07 EDT )-- AP - Lots of homeowners are frustrated these days that they can't seem to get a mortgage refinance even though interest rates are at historic lows. It turns out they're not alone.
ALL BUSINESS: Risks abound if too many refinance (AP) (Aug-6, 12:07 EDT )-- AP - Lots of homeowners are frustrated these days that they can't seem to get a mortgage refinance even though interest rates are at historic lows. It turns out they're not alone.
Jobs report puts a damper on Obama's effort to keep the message positive (Aug-6, 12:06 EDT )-- President Obama spent much of the week harvesting bits of good news from some of his short- and longer-term initiatives. Barack Obama - President - United States - History - President of the United States
Many ways to replace Fannie and Freddie: Bernanke (Reuters) (Aug-6, 11:56 EDT )-- Reuters - It should be possible to create a U.S. housing finance system without the need for potentially risky entities like government-sponsored mortgage finance agencies Fannie Mae and Freddie Mac, Federal Reserve Chairman Ben Bernanke said.
Many ways to replace Fannie and Freddie: Bernanke (Reuters) (Aug-6, 11:56 EDT )-- Reuters - It should be possible to create a U.S. housing finance system without the need for potentially risky entities like government-sponsored mortgage finance agencies Fannie Mae and Freddie Mac, Federal Reserve Chairman Ben Bernanke said.
US economy sheds 131,000 jobs (AFP) (Aug-6, 11:49 EDT )-- AFP - The US economy shed more jobs than expected in July, the Labor Department said Friday, heightening fears that the world's largest economy will take years to fully recover from a crippling recession.
Weak private hiring shows recovery on the ropes (Reuters) (Aug-6, 09:53 EDT )-- Reuters - Private employers added fewer workers to their payrolls in July than expected and hiring in June was much weaker than had been thought, a blow to an economic recovery that is failing to gain traction.
Key Obama economic adviser Romer stepping down (Reuters) (Aug-6, 09:53 EDT )-- Reuters - Christina Romer, one of President Barack Obama's top economic advisers, said on Thursday she was stepping down, an exit that comes as the White House struggles to keep the recovery on track with congressional elections looming in November.
Romer says White House departure long planned (AP) (Aug-6, 09:48 EDT )-- AP - The departing head of President Barack Obama's Council of Economic Advisers says she is quitting solely for family reasons and that the economic team works well even with its set of "strong personalities."
Dollar moves lower after weak US jobs report (AP) (Aug-6, 09:38 EDT )-- AP - The dollar fell Friday after a weak report on July jobs highlighted the country's tough labor market, increasing expectations that economic growth would slow in the second half of the year.
Companies hire at slow pace for 3rd straight month (AP) (Aug-6, 09:34 EDT )-- AP - Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly the rest of the year. The unemployment rate was unchanged at 9.5 percent.
US economy sheds 131,000 jobs in July (AFP) (Aug-6, 09:32 EDT )-- AFP - The US economy shed more jobs than expected in July, the Labor Department said Friday, heightening fears that the world's largest economy will take years to fully recover from a crippling recession.
Economy sputters as companies add only 71,000 jobs in July (Aug-6, 08:52 EDT )-- The nation's economy continued to sputter as private-sector employers added just 71,000 jobs in July, according to a report released Friday by the Labor Department. Employment - Business - Business and Economy - Job Search - Asia
Top Obama economic advisor stepping down: White House (AFP) (Aug-6, 08:41 EDT )-- AFP - Christina Romer, a key economic advisor to President Barack Obama who championed the use of stimulus programs to pull the US economy out of recession, will step down next month, the White House said Thursday.
Washington Post Co. sees nearly eight-fold rise in 2Q earnings (Aug-6, 08:04 EDT )-- Second-quarter earnings at The Washington Post Co. rose nearly eight-fold compared with the same period of 2009, as profits soared at the company's education division and advertising rebounded at The Post Co.'s six television stations. United...
(AP) (Aug-6, 07:31 EDT )-- AP - Private employers added 71,000 jobs in July; unemployment rate unchanged at 9.5 percent.
Oil prices fall ahead of US employment report (AFP) (Aug-6, 06:31 EDT )-- AFP - Oil prices fell on Friday when traders locked in profits ahead of the release of US data expected to show rising unemployment in the world's largest energy consuming nation, analysts said.
German industrial production slips in June (AP) (Aug-6, 06:19 EDT )-- AP - Industrial production in Germany, Europe's biggest economy, slipped slightly in June after posting healthy rises in the preceding months, government data showed Friday.
Dollar edges upwards before US jobs data (AFP) (Aug-6, 05:40 EDT )-- AFP - The dollar rose slightly against the euro and yen on Friday as investors avoided big bets before the release of US jobs data that may indicate a slowdown in the world's biggest economy, analysts said.
Obama visits company as new job figures come out (AP) (Aug-6, 04:14 EDT )-- AP - President Barack Obama will visit a small business and talk about job-creation Friday shortly after the government releases unemployment figures for July.
Oil rises above $82 as traders eye US jobs report (AP) (Aug-6, 02:47 EDT )-- AP - Oil prices rose above $82 a barrel Friday in Asia ahead of a key employment report that will help investors gauge the strength of the U.S. economy.
Fannie Mae's second-quarter loss smallest since government seized housing firm (Aug-5, 23:00 EDT )-- Fannie Mae reported Thursday that its loss in the second quarter shrank dramatically and that the company had put away enough money to cover most of the losses it expects in the future, likely reducing -- but not eliminating -- the need for additional...
Retailers don't see back-to-school boost, report spotty sales for July (Aug-5, 23:00 EDT )-- Cautious consumers translated into spotty sales for national retailers in July, according to data released Thursday, potentially signaling a tough back-to-school season for the industry. Business - Salesmanship - Marketing and Advertising -...
FHA set to increase fees paid by new borrowers (Aug-5, 23:00 EDT )-- The Federal Housing Administration plans to raise the annual fees it charges new borrowers starting Sept. 7, which would add about $300 million a month to the agency's eroding cash reserves. Business - Real estate - United States - Massachusetts ...
HUD to award $79 million in grants to reduce foreclosures and help families (Aug-5, 23:00 EDT )-- U.S. Department of Housing and Urban Development Secretary Shaun Donovan announced Thursday that $79 million in federal grants will be made available to reduce foreclosures and assist families looking for housing. United States Department of...
Medicare funds to last 12 years longer than earlier forecast, report says (Aug-5, 23:00 EDT )-- Medicare's finances have been strengthened by the new law setting in motion broad changes to the nation's health-care system, according to a government forecast issued Thursday, which says the fund that pays for older Americans' hospital care will last...
Featured Advertiser (Aug-5, 23:00 EDT )
Christina Romer, chair of Obama's Council of Economic Advisers, to resign (Aug-5, 23:00 EDT )-- Christina Romer, chair of the White House Council of Economic Advisers, has resigned her post to return to her old job as an economics professor at the University of California at Berkeley, the White House said Thursday. Her resignation is effective...
Why sharing the wealth isn't enough (Aug-5, 23:00 EDT )-- In pledging to give away half their fortunes to worthwhile causes, 40 of the country's billionaires have resurrected and updated Andrew Carnegie's doctrine of the "gospel of wealth." Like Carnegie, the organizers of "the giving pledge" -- Warren...
Oil spill in Michigan's Kalamazoo River has echoes of Gulf of Mexico disaster (Aug-5, 23:00 EDT )-- MARSHALL, MICH. -- In the Summer of the Spill, history is already repeating itself, this time in Michigan. Gulf of Mexico - Kalamazoo River - Environment - Oil spill - Michigan
State Dept. wades into foreign BlackBerry ban (Aug-5, 23:00 EDT )-- The Obama administration waded Thursday into the growing international dispute over the banning of BlackBerry services, saying it is seeking to broker compromises between the company that makes the popular smartphones and foreign governments that say...
Judge permits retrial in Abramoff associate's corruption case (Aug-5, 23:00 EDT )-- A federal judge on Thursday allowed a high-profile corruption case brought against an associate of convicted ex-lobbyist Jack Abramoff to go forward to a second trial, despite a recent Supreme Court ruling that weakened an anti-corruption law used by...
FCC ends talks for deal on net neutrality (Aug-5, 23:00 EDT )-- The Federal Communications Commission on Thursday called off its closed-door meetings with big Internet companies aimed at reaching agreement on protecting consumer access to the Web, after drawing criticism for attempting to broker a deal with limited...
Russia bans grain exports because of fire and drought, sending prices soaring (Aug-5, 23:00 EDT )-- Russia announced Thursday that it will ban all grain exports for the rest of the year, sending wheat prices soaring to a two-year high and raising the possibility of inflated food prices that could throw an already fitful global economy recovery off...
Want to stop these emails? You can easily UNSUBSCRIBE
New: Youtube alerts! Get alerts when your favorite video is posted on Youtube.
New: You can now view your alerts online and in RSS!
* Hint: You can also receive separate emails for each category (health, recalls, etc.)