Economists' Commentary:Jumbo Loans
In recent months the availability of jumbo loans has decreased while the interest rate spread between jumbo rates and ten-year treasuries has widened. These developments are having a negative effect on the housing market.
Marketers capitalize on Swine Flu searches with 'Flu Shirts' and pig-fighting games
As the world worries about an imminent pandemic, some retailers and game creators are seeking new ways to monetize on swine flu
Wall St turns lower on banking concerns
U.S. stocks turned lower on Friday in volatile trading as banks fell on concern over what the government's stress tests will show after the release of the results was delayed.
Tiffany buys bankrupt Lambertson Truex handbag co
Tiffany & Co said on Friday it is buying bankrupt U.S. handbag maker Lambertson Truex as the high-end jeweler seeks to expand its array of leather goods.
Google gets patent for wave-powered floating data centers
Google Inc., the largest Internet search engine provider in the world, obtained a patent today for a water-based data center to be powered with the ocean's waves.
Kirstie Alley makes vow to shed extra weight on Oprah show (VIDEO)
Plumped up Kirstie Alley vowed she would shed the pounds during an appearance on Oprah and reclaim her slim bikini figure she strutted on Oprah just two years ago.
Ford sales slump 31.6 percent
Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.
RIM shares rise after analyst upgrade
Shares of BlackBerry maker Research In Motion rose 4 percent on Friday after analysts at UBS Investment Research upgraded the stock and said the company stands to gain from the corporate side of its business once the economy rebounds.
Bon Voyage in France!
With a French grandmother, it is a good thing I love France as much as I do. But, I mean, what’s not to love about France? It is the ultimate tourist destination offering everything from bustling, historic and romantic cities like Paris, to quaint villages with cobblestone streets, to vineyards, to beautiful beaches and rocky coastlines.
Hong Kong seals off hotel where H1N1 flu found
Hong Kong confirmed Asia's first case of the new H1N1 flu virus in a Mexican traveler on Friday, prompting authorities to seal off the hotel where the 25-year old man had been staying.
The Best of Vietnam in 3 Weeks or Less
So, ok, I know what you are thinking, and no, travel tours aren’t just for old ladies on big buses anymore. The truth is travel tours have come a long way since the days of giant air-conditioned buses and old ladies. Today there are tours designed specifically for the independent, adventure traveler.
Mexico seeks better picture of flu outbreak
Mexican officials voiced hope on Friday they were getting a handle on an outbreak of a new flu strain as doctors sought to understand how dangerous it is, how far it might spread and where it came from.
Biden to visit Balkan states in mid-May
U.S. Vice President Joe Biden will visit Bosnia, Serbia and Kosovo during the week of May 18, focusing on a region that so far has not been high on the Obama administration's foreign policy agenda.
Clinton sees intense Afghanistan-Pakistan talks
U.S. Secretary of State Hillary Clinton said on Friday she expected intense sessions when the presidents of Afghanistan and Pakistan come to Washington for three-nation talks next week.
The Bewildering Beauty of Argentina
With the grandiose and impressive Patagonia sitting in the south of the country and the vibrant and bustling city of Buenos Aires in the North, Argentina is a destination with the perfect blend of rugged and wild beauty and sophisticated urban centers.
Ford U.S. sales fall 31.6 percent in April
Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.
Ronn Motor Company, Inc. (RNNM.PK) Finalizes Testing and Production Design of Hydrogen Injection System
Early this week, Ronn Motor Company, Inc. announced that it has completed testing and final production design for its new H2GO(TM) real time hydrogen injection system. Frigette Energy Systems and Ronn Motors executives have been conducting evaluations this week to prepare for a preliminary focused manufacturing and distribution roll-out to the general public.
GM sales drop 34 percent as tight credit weighs
General Motors Corp reported a 34 percent decline in April U.S. auto sales on Friday, as low consumer confidence and tight credit continued to pressure the industry.
Oil rises as U.S. consumer confidence improves
Oil prices rose more than $2 a barrel on Friday, drawing support from improved U.S. consumer confidence and further evidence of record levels of compliance by OPEC with its agreed output cuts.
Fed's Bullard says jobless peak won't reach 1982 level
The U.S. jobless rate will probably not rise to levels reached during the recession of the early 1980s and is likely to crest above 9 percent before declining, St. Louis Federal Reserve President James Bullard said on Friday.
Fed's Bullard: jobless peak won't reach 1982 level
The U.S. jobless rate will probably not rise to levels reached during the recession of the early 1980s and is likely to crest above 9 percent before declining, St. Louis Federal Reserve President James Bullard said on Friday.
Ronn Motor Co. Looking to Become a Leader in the Automotive Industry
Ronn Motor is an automotive design and manufacturing company focused on building premium, eco-friendly, handcrafted automobiles. The company is attempting to blend the world of exotic performance cars with eco-friendly fuel solutions.
Chrysler urges court to approve its plan
Bankrupt automaker Chrysler LLC idled its manufacturing plants on Friday and said its survival depends on quick court approval of its restructuring plan and the subsequent restarting of its operations.
MasterCard stock slumps after revenue warning
MasterCard Inc posted better-than-expected quarterly earnings on Friday but said revenue growth this year will fall short of its targets, sending its shares down 7 percent in afternoon trading.
USD Mixed
The greenback was in the Thursday session, higher against the yen while slumping against the Australian dollar.
Eagerly-awaited stress test results due May 7
The eagerly-awaited results from stress tests of the 19 largest U.S. banks are expected to be released on May 7 and will include an estimate of the firms' losses, a government source said on Friday
Citi to Sell Nikko Cordial Securities to Sumitomo Mitsui Banking Corp
Citigroup said it will sell its Japanese domestic securities business to Sumitomo Mitsui Banking Corporation for $7.9 billion or ¥774.5 billion.
NRG, Reliant retail unit buyout finalized
NRG completed on Friday a $287.5 million acquisition of Reliant Energy's retail business in Texas and said it’s committed to increasing the renewable portion of its supply portfolio and will change its corporate name to RRI Energy Inc.
Consumer sentiment soars as confidence returns
U.S. consumers felt more confident about the economy last month than at any time since the September failure of Lehman Brothers that pushed global banking to the brink of collapse, a survey showed on Friday.
Hong Kong detects Asia's first swine-flu case
Asia's first case of swine flu has been detected in Hong Kong, the territory's Chief Executive, Donald Tsang told reporters after visiting the Infectious Disease Centre of the Princess Margaret Hospital Thursday afternoon.