On Monday, NPR and ProPublica published a report revealing that Freddie Mac, the government-owned mortgage giant, had purchased $3.4 billion in mortgage securities that became more profitable if homeowners were unable to refinance at lower rates.for homeowners to pay off their mortgages. It's the latest public blow to a firm that has been blamed for its role in the housing crisis, even as it continues to deal with the fallout of the toxic mortgages that it continues to hold
State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide whether they will sign on, people close to the talks said.
French art database and ad specialist Artprice.com expects sales to soar this year on the back of the launch of an online auction service, its chief executive told Reuters on Monday.
Symantec Corp said it is safe to use its pcAnywhere software for accessing remote PCs after it asked customers last week to disable the product because it put them at greater risk of being hacked.
Canadian mining company Semafo forecast its 2012 gold production, with the mid-point dipping below last year's output while cash costs rise.
European leaders agreed on a permanent rescue fund for the euro zone on Monday and 25 of the 27 EU states backed a German-inspired pact for stricter budget discipline, but they struggled to reconcile fiscal austerity with economic growth.
Stocks edged lower on Monday on stalled Greek debt talks, but an afternoon rally cut losses in a sign of the underlying resilience the market has shown early in the year.
Deutsche Boerse's home regulator, the Hessian Minister of Economics, said the German exchange operator has failed to address concerns about the proposed takeover of NYSE Euronext , throwing up another hurdle to the deal.
Weakness in banks and commodity stocks dragged Britain's leading share index lower on Monday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous.
Stocks fell on Monday after Greece's efforts to reach a debt restructuring with creditors stalled, hampering European leaders' push to shift the market's focus to jobs and growth.
Denver-based Gold Resource Corp. said Monday it produced about 66,125 ounces precious metal gold equivalent last year, of which about 19,900 ounces were produced in the fourth quarter.
Gold eased on Monday, under pressure from a weaker euro, but was off session lows and still within sight of last week's seven-week highs, supported by evidence of improved investor demand.
Asia's central bankers have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer.
Japan’s population may shrink by one-third over the next fifty years.
Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.
Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
Margaret Thatcher: The One and Only
South African miner Impala Platinum said on Monday its Rustenburg operations remained shut after the majority of workers staging an illegal strike over wages failed to return to work.
Miner Centamin, which operates the first modern gold mine in Egypt, more than doubled its fourth-quarter operating profit and said it expects 2012 production to rise by more than 20 percent from last year, with cash costs easing.
Mineral exploration company Sandspring Resources Ltd raised its estimates for the measured and indicated resources at its Guyana gold-copper project and cut the project's pre-production capital costs.
Recently, Ron Paul was asked a hypothetical question concerning Israel’s security. Would he, as president, provide Israel with military assistance if they were attacked with nuclear weapons from Iran?
Consumer spending was flat in December as households took advantage of the largest rise in income in nine months to boost their savings, setting the tone for a slowdown in demand early in 2012.
ussian gold miner Highland Gold missed a reduced output forecast for 2011, producing 184,102 ounces of gold and gold equivalents during the year, citing poor ore quality at a key mine.
Although honor killings are typically associated with Muslim countries like Turkey, Iraq and especially Pakistan, the practice has nothing to do with Islam
The Netherlands plans to crack down on Internet service providers that allow access to file-sharing sites such as Pirate Bay, though it will not make it an offence for individuals to download from these sites.
India and China are following dramatically different trajectories in their paths to prosperity.
Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
It would be difficult for Ireland to remain in the euro zone if its voters rejected a proposed new fiscal treaty, its European Affairs minister said on Monday, raising the stakes in a political battle over whether to put the plan to a referendum.
Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
Carrefour , Europe's largest retailer, picked industry veteran Georges Plassat as its next boss, signaling key shareholders may back another attempt to fix its ailing hypermarkets rather than push for a break up.
