Option mortgages to explode, officials warn
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset. Read Full Article here.
AT&T, Verizon chiefs give mixed economic outlook
Top U.S. telecom executives gave a mixed outlook for the U.S. economy on Thursday, citing a lack of job creation, even as AT&T Inc CEO said the company will add more mobile customers this quarter than last. Read Full Article here.
U.S. employers will defray health reform costs: study
If U.S. health reform efforts lead to higher costs for employers, employees may end up bearing the brunt, according to a new survey. Read Full Article here.
AMR bolsters cash position; shares soar
Shares of American Airlines parent AMR Corp soared as much as 25 percent on Thursday after the company said it had raised $2.9 billion in troubled credit markets and would shift flying to more profitable routes. Read Full Article here.
G20 leaders set to curb bonuses, keep stimulus
World leaders are likely to agree to curb bank bonuses at next week's G20 summit and want evidence recession is over before they stop spending to prop up their economies, European heads of government said on Thursday. Read Full Article here.
U.S. regulators propose ban on flash trading
U.S. securities regulators proposed on Thursday a ban on flash orders that stock exchanges send to a select group of traders, fractions of a second before revealing them publicly. Read Full Article here.