Fitch downgrades Greek sovereign debt
Linda Young – Fourth Estate Cooperative Writer Athens, Greece (4E) – Fitch Ratings downgraded the credit rating of Greece’s government again on Thursday. Greece’s credit rating dropped from a B- to a CCC, which puts it deeper into junk bond territory. That means many investors cannot buy Greek debt even if they thought it was [...]
Insurers embrace “virtual” doctor visits as possible solution to physician shortages
Washington, DC, United States (KaiserHealth) – Tired of feeling “like the walking dead” but worried about the cost of a doctor’s visit, Amber Young sat on her bed near tears one recent Friday night in Woodbury, Minn. That’s when she logged onto an Internet site, run by NowClinic online care, a subsidiary of UnitedHealth Group [...]
Energy Transfer Partners to buy Sunoco in $5.3 billlion deal
Diane Alter – AHN News Reporter Houston, TX, United States (AHN) – Dallas based Energy Transfer Partners LP, announced Monday it was buying Sunoco Inc for $5.3 billion. Under the terms of the deal, Sunocoshareholders will receive about $50.13 a share: $25 in cash and 0.5246 common units of Energy Transfer. Energy Transfer is paying [...]
Microloan demand grows in the West Bank and Gaza Strip, despite the risks
Gaza, Palestinian Territory (IRIN) – The demand for microloans has risen steeply in the West Bank and Gaza Strip in recent years, according to data from the Palestinian Network for Small and Microfinance (Sharakeh), which represents 11 microfinance non-profit institutions whose total loan portfolio was US$75 million by the end of 2011. Between 2007 and [...]
Employers tie financial rewards, penalties to health tests, lifestyle choices
United States (KaiserHealth) – Once a year, employees of the Swiss Village Retirement Community in Berne, Ind., have a checkup that will help determine how much they pay for health coverage. Those who don’t smoke, aren’t obese and whose blood pressure and cholesterol fall below specific levels get to shave as much as $2,000 off [...]
MasterCard warns of possible security breach
Diane Alter – AHN News Reporter Purchase, NY, United States (AHN) – Credit card giant MasterCard said Friday it is investigating a possible breach of cardholder data involving a U.S. based payment processor. In a statement, MasterCard said, “As a result we have altered payment card issuers regarding certain MasterCard accounts that are potentially at [...]
Bernanke rejects return to gold standard
Diane Alter – AHN News Reporter Washington, D.C, United States (AHN) – Federal Reserve Chairman Ben Bernanke rejected a return to the gold standard saying that such a move would not solve the current economic problems. Bernanke made the comment Tuesday in the first of a series of four public lectures at George Washington University. [...]
European Central Bank leaves key interest rate unchanged
Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]
U.S. stocks open higher Wednesday on European optimism
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks rose on the open Wednesday after the European Central Bank said it will lend €529.5 billion ($721.4 billion) to European banks in an effort to avert a credit crunch. Just before 10 a.m. on Wall Street, the Dow Jones Industrial [...]
Clock ticking for Egypt’s finances
The Media Line Staff Cairo, Egypt (The Media Line) – Egypt faces a risk-laden game of Beat the Clock as it tries to get its political house in order before its foreign currency reserves sink much more. Reserves fell to $16.4 billion in January from about $36 million a year earlier, a drop that economists [...]
Lending News- Realty Trac: foreclosures dropped to lowest level since 2007
- Mortgage rates fall to new low–again
- Mortgage rates fall to record low
- Mortgage rates fall to record low
- Japan announced food aid to Nepal
- Fed leaves rates steady
- Microloan demand grows in the West Bank and Gaza Strip, despite the risks
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
- IMF aid becomes Egyptian political football
- Mortgage rates virtually unchanged in latest week
- Personal Loans
- Realty Trac: foreclosures dropped to lowest level since 2007
- Bonded labor ensnares entire families
- Ally mortgage unit files bankruptcy
- Massachusetts Lawmakers Unveil Ambitious Plan To Cut Health Care Costs
- Ethnic minorities call for caution as sanctions ease
- Dubai’s bounced-check convicts go on strike
- Short sales up in housing market
- Short sales up in housing market
- Stocks slide Wednesday following Tuesday’s big gains
- Big Banks Slack on Maintaining Foreclosed Homes in Minority Areas, Complaint Charges
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- Loan news
- Plane with newly-inaugurated Hollande hit by lightning, trip to Germany delayed
- Mortgage rates fall to new low–again
- U.S. stocks tumble Tuesday over Greek woes
- Gingrich set to endorse rival Romney
- Thousands of Libyans still afraid to return home
- Costco to offer mortgages
- Bank of America sees profits drop
- Short sales up in housing market
- Mortgage rates decline in latest week
- Mortgage rates virtually unchanged in latest week
