Financial News

GM Europe in talks to fix loss-making Opel

Yahoo Financial News — Thu, 16 Feb 2012 18:36:49 +0000

FRANKFURT, Germany — The head of General Motors Europe says the company is in talks with unions and employee representatives on ways to cut costs and return the company's Opel and Vauxhall brands to profitability. GM Europe head K...

Identity theft, phishing top IRS’s "dirty dozen" tax scams

Yahoo Financial News — Thu, 16 Feb 2012 17:46:32 +0000

WASHINGTON (Reuters) – Identity theft and phishing top the Internal Revenue Service's (IRS) list of "dirty dozen" scams, which tend to peak this time of year as millions of Americans gear up to file their tax returns. ...

Nevada foreclosure rate down, but still top in US

Yahoo Financial News — Thu, 16 Feb 2012 17:17:13 +0000

LAS VEGAS – Nevada has posted the nation's highest foreclosure rate for 61st month in a row, even though foreclosure activity is down 52 percent from a year ago. Foreclosure tracking firm RealtyTrac says Thursday that 5,931 proper...

Congress reaches payroll tax-cut deal

Yahoo Financial News — Thu, 16 Feb 2012 16:38:13 +0000

WASHINGTON (Reuters) – A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders. The...

Limits sought on vehicle electronics

Yahoo Financial News — Thu, 16 Feb 2012 16:24:43 +0000

WASHINGTON (Reuters) – The Obama administration wants automakers to put limits on vehicle technologies that permit texting and cellphone calling when a car is moving, as part of a broader effort to stop driving behaviors that could be distracting...

Pool posts 4Q loss, annual profit gain

Yahoo Financial News — Thu, 16 Feb 2012 16:11:09 +0000

COVINGTON, La. – Swimming pool supplier Pool Corp. posted a typical seasonal loss for the fourth quarter, but pulled in more revenue than Wall Street expected. For the October-through-December period, Pool lost $10.1 million, or 2...

Fewer Americans at risk of foreclosure in Q4.

Yahoo Financial News — Thu, 16 Feb 2012 15:47:49 +0000

WASHINGTON – The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work. The Mortgage Bankers Association said Thursday that 7.58 percent of homeowners missed at least on...

Rate on 30-year mortgage stays at record 3.87 pct.

Yahoo Financial News — Thu, 16 Feb 2012 15:39:20 +0000

WASHINGTON – The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance. Mortgage buyer Freddie Mac said Thursday that ...

Bailed-out Portugal’s jobless rate hits new record

Yahoo Financial News — Thu, 16 Feb 2012 15:20:36 +0000

LISBON, Portugal – Portugal's jobless rate jumped to a record 14 percent at the end of last year, the national statistics agency reported Thursday in the latest grim sign of the bailed-out country's worsening economic problems. Th...

Foxwoods unveils outlet store at Conn. casino site

Yahoo Financial News — Thu, 16 Feb 2012 14:56:17 +0000

MASHANTUCKET, Conn. – Foxwoods Resort Casino has unveiled plans for an outlet shopping center to add to revenue at its eastern Connecticut gambling enterprise. The casino, which is run by the Mashantucket Pequot Tribe, announced i...