Mortgage rates reverse declines

Long-term mortgage rates rose for the first time in three weeks, with a 30-year, fixed-rate mortgage moving above 5 percent.
Freddie Mac’s weekly rate report says […]

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In 9 states, about 20 percent of people can’t find jobs

WASHINGTON — President Barack Obama said in his State of the Union speech Wednesday that "1 in 10 Americans still cannot find work." But […]

Starbucks closing Seattle call center; 130 to lose jobs

Starbucks Corp. said it will close a Seattle call center later this year and move the operations to Albuquerque, N.M., affecting 130 people.
The Seattle coffee […]

U.S. credit card offers pick up for select few

U.S. credit card companies are targeting affluent consumers in a resurgence of marketing campaigns, as they recover from massive defaults by subprime borrowers in […]

Hong Kong Bankruptcy Filings Fall to Lowest in Year

Hong Kong’s personal bankruptcy filings fell in October to a one-year low as the city emerges from its worst slump since the 1997-98 Asian […]

U.S. Midwest business slips unexpectedly in Sept

Business activity in the U.S. Midwest failed to return to growth in September as expected, and instead got slammed by a decline in production […]

J&J, Elan cut deal price, resolve Biogen dispute

Johnson & Johnson has cut the amount it will pay for its 18.4 percent stake in Irish drugmaker Elan Corp Plc by $115 million […]

Fed’s Beige Book sees signs economy is improving

Half of the Federal Reserve’s 12 districts saw evidence the U.S. economy had improved by the end of August, although labor markets remained weak […]

Wall St bonuses spark outrage on Main Street USA

All you have to do to feel the outrage over the continuing flow of bonuses on Wall Street is to take a walk down […]

Some U.S. bank pay “unmoored” from performance: Cuomo

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the […]