Archive for the ‘Economy’ Category

Reuters - American International Group Inc is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters on Wednesday.
The Motley Fool - If Intel's (Nasdaq: INTC - News) acquisition of security software giant McAfee (Nasdaq: MFE - News) is any indication of what technology companies will be doing with the abundant cash on their balance sheets, perhaps they should follow Skyworks' (Nasdaq: SWKS - News) lead and just ...
Reuters - The Federal Reserve decided to reinvest proceeds from its mortgage-related assets to avoid unintentionally clamping down on monetary policy when the recovery was showing signs of weakening, a top Fed official said on Tuesday.
AP - Homeowners who had mortgages modified recently are faring better than those who did so earlier in the housing crisis, according to a report released Tuesday, possibly debunking predictions of a huge wave of defaults to come.
AP - Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. So why are houses across the nation sitting on the market for so long?
AP - Federal regulators say former Countrywide CEO Angelo Mozilo personally approved mortgages for favored borrowers that violated the company's policies and lending standards.
U.S. News & World Report - Your credit score is one of the most important numbers in your life and one of the most misunderstood. So many people don't understand how the credit scoring system works because Fair Isaac Corporation, the designers of the FICO credit score, gives only vague ...
U.S. News & World Report - Saving for retirement is a very personal and complex process. But retirement plan improvements are making it easier for you to stay on track. You only need to take the time to set them up. Here are three retirement plan features you could use ...
The Motley Fool - Shaken by recent years' stock market turmoil, investors are showing no sign of dialing back their appetite for fixed income. According to data from the Investment Company Institute, bond funds attracted more assets than equity funds for the past 30 straight months. That amounts to billions ...
Reuters - A mortgage servicing company's claims that would push responsibility for faulty mortgage loans onto Wall Street titan Morgan Stanley were dismissed by a Delaware court, according to a court filing.