There are some places where long-term cost analysis-with only the bottom line in mind–shows that to rent a property is better than to buy. This was the case with San Francisco, for example, when I …

U.S. Bankruptcy Judge Kevin Gross stated that he would would sign an order allowing NewPage Corp to borrow as much as $600 million to keep operating as it tries to recover at least $2.6 billion in bon…

Fifth Third bank has launched Duo, a debit and credit card in one piece of plastic. This is an area where many banks have been working on but as claimed by the bank it is the first to come up with the…

A month and a half ago the main term that had got the focus of Senators was debt. They raised quite a hue and cry on debt looming large on the horizon. Now the scenario has changed from debt to jobs. …

Solyndra LLC has filed for bankruptcy in a shocking series of failures in the US solar industry. The California based solar panel manufacturer has filed for a Chapter 11 bankruptcy even after it recei…

NewPage Corp has got a breather in the form of a bankruptcy loan which has just been approved. The coated papers maker managed to get a temporary court permission to get, as bankruptcy loan, $600 mill…

Congressional debt reduction panel kicked off its work with an imperative to slice the deficit and elevate the slow economy. Republicans and Democrats on the special supercommittee warned of a financi…

Fixed mortgage rates have gone down to the lowest levels in six decades. But it will be beneficial for those Americans who want to refinance or buy a home.
The average rate for the 30-year fixed mort…

Federal Reserve reported that the US consumers increased their credit at a 5.9 percent annual rate, by USD 12 Billion, in July as against USD 11.3 Billion in June. This rise is twice the forecasted ri…

According to Freddie Mac's chief economist, the mortgage rates have faltered this week and this has only thrown back the image of the unstable market and employment issues currently prevailing in …