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Fixed mortgage rates hovered at record lows for a third straight week and are likely to fall further in the coming weeks.
Freddie Mac says the average rate on the 30-year fixed mortgage was unchanged at 4.09 percent this week. That’s the lowest rate seen since 1951.
The average rate on the 15-year mortgage ticked down to […]
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Lennar Corp.’s fiscal third-quarter net income dropped 31 percent as the company delivered fewer homes.
But the homebuilder said Monday that demand is picking up somewhat, driven by low home prices and low interest rates.
The company earned $20.7 million, or 11 cents a share, for the three months ended Aug. 31. That compares with net income […]
Asian stock markets sank Friday as investors waited to see if Federal Reserve Chairman Ben Bernanke unveils new steps to help the U.S. economy ward off another recession.
Japan’s Nikkei 225 slipped 0.1 percent to 8,766.54. Hong Kong’s Hang Seng gave up early gains and dipped 0.1 percent to 19,735.33 while Australia’s S&P/ASX 200 was 0.3 […]
Young men who were only recently shooting at each other are now doing push-ups side by side in a boot camp. But in Ivory Coast’s far west, armed fighters still attack and steal from the population, almost 700,000 of whom are too afraid to return home.
As President Alassane Ouattara meets with President Barack Obama on […]
House Speaker John Boehner has informed president Barack Obama that he wants to pursue a smaller $2 trillion deficit reduction deal, not the larger effort sought by the White House.
Boehner said the White House wanted tax increases in a deficit reduction deal of as much as $4 trillion over 10 years.
Republicans have been adamant that […]
Several companies are hastily pulling ads from the British tabloid News of the World amid public disgust at allegations its employees hacked into the cell phones of missing schoolgirls and victims’ families in London’s 2005 transit attacks.
Virgin Holidays said Wednesday it has canceled several ads due to run in the Sunday newspaper this week. Car […]
Analysts say there’s little doubt that Boeing got roughed up at the 49th annual Paris Air Show this week.
The Chicago-based company had to watch as its chief rival, European-based Airbus, announced record orders for its A320neo, a new single-aisle airplane that’s attracting buyers who want to lower fuel costs and carbon-dioxide emissions no fax needed […]
LONDON - Sony has been hit by a second massive data breach, hackers claim, another potential embarrassment for a company that is struggling to restore its image following the loss of millions of credit card numbers through its PlayStation Network.
The hackers, who call themselves LulzSec, said they pulled off what they described as an elementary […]
Australia faces a smoking hot battle against big tobacco companies over a plan to remove their last bastion of advertising _ the cigarette pack.
The government wants to replace the distinctive colors of various brands with a uniformly drab, olive green packet for all under legislation to be introduced to Parliament in July. Brand names would […]