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No end for Greek fuel protest, tourism slammed (AP)
AP - Defying an emergency government order, Greek truck drivers vowed Friday to press ahead with a strike that has halted fuel supplies across the country and is hurting tourism during the peak summer season. See the rest here: No end for Greek fuel protest, tourism slammed (AP) Read More →
Reverse Mortgages Aren’t Catching On (U.S. News & World Report)
U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government’s insured reverse mortgage program has provided stability and credibility to the industry Original post: Reverse Mortgages... [Read more]
Fannie Mae portfolio grows, delinquencies decline (Reuters)
Reuters - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday. View original post here: Fannie Mae portfolio grows, delinquencies decline (Reuters) Read More →
Chevron earnings triple (Reuters)
Reuters - Chevron Corp , the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts. See the original post here: Chevron earnings triple (Reuters) Read More →
Arch Coal 2Q profit surges on global sales (AP)
AP - Arch Coal says it reversed losses from a year ago during the second quarter thanks to strong global markets and a nearly 40 percent jump in sales. Continued here: Arch Coal 2Q profit surges on global sales (AP) Read More →
China overtakes Japan as No.2 economy: FX chief (Reuters)
Reuters - China has overtaken Japan to become the world’s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Read the original: China overtakes Japan as No.2 economy: FX chief (Reuters) Read More →
Honda posts record Q1 and Renault returns to H1 profit (Reuters)
Reuters - Honda Motor Co (7267.T) raised its full-year forecasts after posting a record quarterly net profit on Friday, while brisk sales returned France’s Renault to profit in the first half. See the original post: Honda posts record Q1 and Renault returns to H1 profit (Reuters) Read More →
Disney sells Miramax for $600 million to investor group (Reuters)
Reuters - Walt Disney Co said on Friday it had sold film studio Miramax for about $660 million to an investor group, ending months of talks between the media group and various bidders. More here: Disney sells Miramax for $600 million to investor group (Reuters) Read More →
10 Congressmen Who Should Be Fired (The Daily Beast)
The Daily Beast - They tried to build a Bridge to Nowhere, fretted about “killing Grandma,” and stiffed the IRS. John Avlon presents a rogue’s gallery of House members who should be bounced come November, from Joe Wilson to Alan Grayson. Original post: 10 Congressmen Who Should Be Fired (The Daily Beast) Read More →
NY AG announces probe of life insurance industry (AP)
AP - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die. Read the original post: NY AG announces probe of life insurance industry (AP) Read More →
