Archive for August, 2009
Monday, August 3rd, 2009
AP - Even as Americans suffer rising unemployment, foreclosure rates in three states hit hardest by the housing bust California, Arizona and Florida stabilized in June, offering hope that the worst of the real estate crisis is over, according to The Associated Press' monthly analysis of economic stress ...
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Monday, August 3rd, 2009
Reuters - Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co , accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans.Source:Illinois files bias suit against Wells Fargo
(Reuters)
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Sunday, August 2nd, 2009
Reuters - White House economic adviser Larry Summers on Sunday declined to rule out future tax increases to reduce deficits but said the Obama administration would not increase burdens on the middle class.Source:Obama priorities won't burden middle class: Summers
(Reuters)
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Sunday, August 2nd, 2009
Reuters - Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday.Source:Unemployment spreads distress in U.S. home loans
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Sunday, August 2nd, 2009
AP - Bank CEOs should give Uncle Sam a little kudos in their earnings reports. Without the U.S. government's help, financial companies wouldn't be showing such stellar results in the midst of a recession.Source:ALL BUSINESS: Uncle Sam helps boost bank earnings
(AP)
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Sunday, August 2nd, 2009
AP - Insurer American International Group Inc. said on Tuesday that it closed the sale of its life insurance premium finance business for $679.5 million in cash.Source:AIG sells life insurance premium finance business
(AP)
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Saturday, August 1st, 2009
AFP - The US economy showed signs of emerging from a long and brutal recession, according to data Friday that pointed to a narrower-than-expected 1.0 percent decline in output in the second quarter.Source:Recession end seen as US GDP drop narrows to 1.0 pct
(AFP)
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Saturday, August 1st, 2009
Reuters - Senior U.S. housing officials and leading mortgage companies on Tuesday will make a fresh commitment to help troubled borrowers keep their homes and will promise to expand foreclosure-prevention aid, sources familiar with the plans said.Source:U.S. housing chiefs to push lenders for aid
(Reuters)
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Saturday, August 1st, 2009
The SBA's Micro-loan Program provides short-term loans of up to $35,000 to small businesses and not-for-profit child-care centers for working capital or the acquisition of inventory, supplies, furniture, fixtures, machinery and/or equipment. Proceeds cannot be used to pay existing debts or to purchase real estate. An extremely significant factor that ...
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Saturday, August 1st, 2009
AP - The dollar closed the week out lower as a report showed the decline in U.S. economic output was vastly improved in the second quarter.Source:Dollar slides sharply as GDP decline moderates
(AP)
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