U.S. mortgage applications driven up by refinancings
Demand for U.S. home loans rose to the highest level in about two months, mainly from borrowers locking in low mortgage rates by refinancing, the Mortgage Bankers Association said on Wednesday. Read Full Article here.
Slow growth and high unemployment for U.S. in 2010: report
Low interest rates will prevail through most of next year as the U.S. economy expands modestly and the unemployment rate remains stuck in double digits, the UCLA Anderson Forecast group said on Wednesday. Read Full Article here.
Chrysler takes long-term view on market share
Chrysler is willing to let market share slide in the short term to further its longer restructuring goals, the company's chief executive said in a presentation of his business plan to members of Congress on Tuesday. Read Full Article here.
Dubai debt confusion dent confidence
Concern over debts at Dubai's utility provider and losses at Nakheel, builder of the emirate's palm-shaped islands, hit markets on Wednesday, drowning out assurances by top officials that Gulf economies were sound. Read Full Article here.
China remains top investment spot for U.S. firms: study
China remains a top investment destination for U.S. companies in 2010 amid the global economic slowdown as they expect to see continuous growth in sales and profit, an American Chamber of Commerce (AmCham) study showed. Read Full Article here.
Music labels bet Vevo.com is next MTV
In a grainy black and white Web video, similar to footage from an in-store security camera, you can make out the muscular frame of rapper 50 Cent, smashing dozens of TV sets with a baseball bat. Read Full Article here.