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 […]

United will add Chicago-Maui flight

United Airlines announced Thursday that it will add nonstop service this summer between Chicago and Kahului, Maui.
The service will run from June 9 through Aug. […]

Fed Discusses Limited Bond Sales to Withdraw Stimulus

Federal Reserve officials are considering a proposal to schedule limited sales of bonds from the central bank’s $2.2 trillion balance sheet as part of […]

Good news comes in threes for global economic recovery

WASHINGTON–Signs of a strengthening global recovery emerged Friday, with consumers boosting retail sales, companies restoring stockpiles and Chinese exports mounting a comeback.
The reports […]

CVS plunges after bleak pharmacy benefits view

CVS Caremark Corp said its pharmacy benefits management business lost $4.8 billion in contracts heading into next year and will not meet its targets […]

“Short sale” battles weigh on U.S. housing recovery

Home equity lenders faced with losses from the U.S. property slump are holding out for more money in distressed sales, slowing transactions needed to […]

Cost-cutting drove Monster earnings beat

Monster Worldwide Inc’s better-than-expected quarterly results were due to cost-cutting, including reducing its workforce without resorting to layoffs, the job site company’s CEO said […]

Taiwan’s Export Orders Decline by Least in a Year

Taiwan’s export orders fell at the slowest pace in a year in September, adding to signs the island’s economy is recovering from its first […]

Galleon winding down hedge funds

Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with […]

Qatar sells $2 billion Barclays stake, shares fall

Qatar is selling 379.2 million shares in British bank Barclays, worth over 1.3 billion pounds ($2.1 billion), the second major Middle East investor set […]