iOS app Android app

Business News

Fannie, Freddie Reform Will 'Turn Us Into A Nation Of Renters,' Group Says

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Republicans and Democrats both agree that the government's mortgage giants Fannie Mae and Freddie Mac can't continue in their current form, but variou...

Lawsuit Suggests Banks May Have Improperly Cashed In On Bad Loans

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Before the real estate crash decimated investor wealth and precipitated a punishing foreclosure crisis, several banks may have improperly pocketed com...

Liberal Arts Colleges That Lead To The Highest Salaries

Wallet Pop | Nicole Charky | Posted 05.25.2011 | Business

Whether your dream is to study philosophy or medicine, there are several liberal arts colleges where students have gone from Aristotle or lab research...

Jobless Claims Hit Lowest Level In More Than 2 Years

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - New U.S. claims for unemployment benefits dropped more than expected last week to touch their lowest point in 2-1/2 years, a g...

Negative Equity Soars, 27 Percent Of Mortgage Borrowers Owe More Than Their Home Is Worth

CNBC | Diana Olick | Posted 05.25.2011 | Business

The number of borrowers who owe more on their mortgages than their homes are worth took a huge leap in the fourth quarter of 2010. A full 27 percent o...

Bernanke Responds To GOP Grilling On Inflation

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Members of Congress sharply questioned Federal Reserve Chairman Ben Bernanke Wednesday over whether the Fed's policies are raising ...

Servicer Aurora Sued For Making Loan Mods Too Easy To Get

American Banker | Kate Berry | Posted 05.25.2011 | Business

The loan modification offer was hard to turn down, in more ways than one. It was July 2008. IndyMac Bank was failing and Fannie Mae and Freddie Mac w...

Stiglitz: Expect 2 Million U.S. Foreclosures This Year

Bloomberg | Kamlesh Bhuckory | Posted 05.25.2011 | Business

Nobel Prize-winning economist Joseph Stiglitz said another 2 million foreclosures are expected in the U.S. this year, adding to the 7 million that hav...

10 States Running Out Of Smart People

Posted 05.25.2011 | Business

By 24/7 Wall St: There are several states in the U.S. that are losing the education race to most of the others. In the past decade, these states have ...

Extreme Weather Batters The Insurance Industry

Posted 05.25.2011 | Business

NEW YORK (By Ben Berkowitz) - In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashi...

William Alden

For Small Businesses, Credit Is Still Tight

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

In a sign that the economic recovery still faces challenges, small businesses continue to report difficulty getting loans. More than 10 percent of sm...

Tim Geithner Hospitalized

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Tim Geithner will undergo minor surgery to have a kidney stone removed, according to various reporters. The Treasury secretary was hospitalized on Fri...

William Alden

Insider Trading Accusations Describe Network Of Hedge Fund Corruption

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

In the latest charges to be brought against Wall Street financiers, Federal authorities depict insider trading in dramatic detail. Two hedge fund man...

PLASTIC IS BACK: Credit Card Debt Increased For First Time Since '08

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

In December, consumer credit card debt increased for the first time since 2008, according to the Federal Reserve, another strong indication that the A...

UBS Posts First Annual Profit Since 2006

AP | JOHN HEILPRIN | Posted 05.25.2011 | Business

GENEVA — Swiss bank UBS AG on Tuesday posted its first annual profit since the global financial crisis erupted, despite softer-than-expected fou...

Better Teachers Could Add $100 Trillion To U.S. Economy, Report Says

Daily Finance | Danny King | Posted 05.25.2011 | Business

Forget the cliche of bringing an apple to your favorite teacher. You may want to send her your next bonus check instead -- because she's a big part of...

Sam Barai, Hedge Fund Manager, Among Latest Charged With Insider Trading

Posted 05.25.2011 | Business

NEW YORK: Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead...

Tax Credits For The Poor Got To Luxury Hotels, Big Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

This post has been corrected. Taxpayer dollars that were intended to help poor communities are instead being used to finance luxury hotels, according...

Earmarks Bank Could Hurt Local Projects

The New York Times | Jennifer Steinhauer | Posted 05.25.2011 | Business

WASHINGTON -- Gone for now are the likes of the taxpayer-financed teapot museum, or studies on the mating habits of crabs. But also shelved are a proj...

Geithner Heads To Brazil To Bolster Economic Ties

AP | BRADLEY BROOKS | Posted 05.25.2011 | Business

SAO PAULO — U.S. Treasury Secretary Timothy Geithner met with Brazil's leaders Monday looking to bolster ties before next month's visit by Presi...

HuffPost-AOL: Combining "Their Realms in One"

Ken Adelman | Posted 05.25.2011 | Business
Ken Adelman

Together, the coupling of AOL and HuffPost may -- indeed, should -- work better than AOL's past (dreary) partnership.

The Rise & Fall Of Florida's Foreclosure King, David J. Stern

AP | MICHELLE CONLIN | Posted 05.25.2011 | Business

FORT LAUDERDALE, Fla. — During the housing crash, it was good to be a foreclosure king. David Stern was Florida's top foreclosure lawyer, and he...

The Big Problem For Young Workers: Getting A Full-Time Job

Posted 05.25.2011 | Business

NEW YORK (By Kristina Cooke) - Shanee Greenidge of Boston has been searching for full-time work since she dropped out of high school in 2009 and took...

Taxes Fall To Lowest Level Since 1950, By One Measure

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — Taxes too high? Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when the K...

Anger Simmers At German Austerity Plan For EU

Posted 05.25.2011 | Business

ATHENS/WARSAW (By George Georgiopoulos and Gabriela Baczynska) - Resentment smoldered among European governments on Monday over a German-instigated d...