Home loan demand rises as interest rates tumble
NEW YORK (Reuters) - Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday.
Oil hits record above $79 after data
LONDON (Reuters) - Oil hit a record high above $79 a barrel on Wednesday, propelled by an unexpectedly large drop in U.S. crude oil stocks that followed only a small output increase from OPEC ahead of peak winter demand.
Paulson: subprime woes to take longer to fix
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson on Wednesday said that problems with U.S. subprime mortgages will take longer to correct than those in other financial markets due to the wave of interest rate resets coming over the next two years.
Buffett further reduces stake in PetroChina
HONG KONG (Reuters) - U.S. investor Warren Buffett's Berkshire Hathaway Inc continued to shed its stake in top Chinese oil producer PetroChina Inc , selling about 92.66 million shares in late August for US$136 million, according to a regulatory filing in Hong Kong.
Stocks flat as oil data looms
NEW YORK (Reuters) - Stocks were little changed on Wednesday as investors awaited U.S. data on oil inventories, while oil prices extended a rise to record highs, potentially straining consumer spending and corporate profits.
California economy weak, but no recession seen: report
SAN FRANCISCO (Reuters) - Mortgage defaults and a "sustained lull" in home building will weigh on California's economy for at least another year but will not tip the state into a recession, according to a forecast released on Wednesday.
Wal-Mart says rolling out new ad campaign
NEW YORK (Reuters) - Wal-Mart Stores Inc said on Wednesday that it is rolling out a new advertising campaign with the slogan "Save Money. Live Better," replacing "Always low prices."
Bombardier grounds turboprops after mishaps
MONTREAL (Reuters) - Bombardier Inc. asked airlines on Wednesday to ground 60 of its Q400 turboprop aircraft for inspection after landing gear failures forced two of the planes into emergency landings over the previous four days.
Toys R Us expands toy safety notification efforts
NEW YORK (Reuters) - Retailer Toys "R" Us said on Wednesday that it is expanding its efforts to inform shoppers of the latest toy recalls after a slew of Chinese-made toys were recalled this summer due to unsafe levels of lead paint.
Alcoa selling entire Chalco stake for up to $2 billion
HONG KONG (Reuters) - Alcoa Inc., the world's top aluminum maker, is selling its entire stake in Aluminum Corp of China Ltd (Chalco) for up to US$2 billion, reaping a potential profit on its investment of as much as US$1.9 billion.
US crude supplies plummet: EIA
NEW YORK (Reuters) - U.S. crude inventories dropped to an eight-month low last week and stocks of gasoline slumped to their lowest level in two years, a weekly government report said Wednesday.
US crude supplies plummet: EIA
NEW YORK (Reuters) - U.S. crude inventories dropped to an eight-month low last week and stocks of gasoline slumped to their lowest level in two years, a weekly government report said Wednesday.
Home-loan denial rate rose in 2006: report
WASHINGTON (Reuters) - More Americans had their home loan applications turned down in 2006 than a year earlier, although the majority continued to be approved, according to a report issued on Wednesday by financial sector regulators.
Exclusivity? Try Lamborghini's $1.4 million car
FRANKFURT (Reuters) - What price exclusivity? If you ask Lamborghini, one million euros ($1.4 million) should do it -- before tax, of course.
Home loan demand up as rates tumble
NEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday.
Home loan demand up as rates tumble
NEW YORK (Reuters) - Mortgage applications rose for a second straight week as interest rates sank to their lowest since May, data from an industry trade group showed on Wednesday.
Google map may break Canada privacy law
OTTAWA (Reuters) - The Street View feature of Google Maps, with its close-up views of city streets and recognizable shots of people, could violate a Canadian law protecting individual privacy, officials said on Wednesday.
Google map may break Canada privacy law
OTTAWA (Reuters) - The Street View feature of Google Maps, with its close-up views of city streets and recognizable shots of people, could violate a Canadian law protecting individual privacy, officials said on Wednesday.
EDS offers retirement to 12,000 workers
NEW YORK (Reuters) - Technology services company Electronic Data Systems Corp , on Wednesday said it offered early retirement to about 12,000 U.S. employees, nearly a quarter of the U.S. work force, and expected a charge of $70 million to $130 million in the fourth quarter.
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