IBT Staff Reporter

135991-136020 (out of 154954)

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.

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.

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.

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.

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.

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.

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

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.

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