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Headline News: Financial

Global Financial News, Breaking Financial News, Debt and Mortgage Loan Crisis News

Rhode Island Hospital to Pay $150K for Losing Personal Data

A Rhode Island hospital has agreed to pay $150,000 in Massachusetts after losing backup tapes that contained the personal information of more than 12,000 Massachusetts residents. Massachusetts Attorney General Martha Coakley announced the agreement with Women and Infants Hospital in … Continue reading

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Maine’s Cross Insurance Appoints VP of Personal Lines

Bangor, Maine-based Cross Insurance has appointed Laurie A. Noel as vice president of personal lines. Noel, whose primary responsibility is to focus on the profitability and growth of personal lines for the entire corporation, also serves as regional manager for … Continue reading

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Mortgage Rates Unchanged to Start Important Week

Mortgage rates didn’t move much to start the week, with a nearly equal number of lenders moving both higher and lower.  On average, rates were just barely higher.  Even then, the actual rates being quoted are the the same today … Continue reading

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Last time this happened, stocks sold off hard

Is junk giving a bad signal for the market? Low grade, high-yield corporate bonds—affectionately called “junk bonds”—are on track for their worst month in nearly a year. Investors junked their junk bond funds to the tune of $4.8 billion last … Continue reading

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Microsoft targeted in apparent Chinese antitrust probe

BEIJING (Reuters) – Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm’s Chinese offices on Monday. Representatives from China’s State Administration for Industry Commerce, … Continue reading

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Consumer spending, inventories seen lifting U.S. second-quarter GDP

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014. Gross domestic product likely … Continue reading

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Wall Street yawns as deal news offsets data; Herbalife sinks

By Caroline Valetkevitch NEW YORK (Reuters) – Stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector. Dollar Tree Inc (DLTR.O) … Continue reading

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Judge Approves NCAA’s $60 Million Video Game Settlement

The National Collegiate Athletic Association and Electronic Arts Inc. won a judge’s preliminary approval of $60 million in settlements of athletes’ claims that their images were used in video games without permission. The decision may mean that the judge will … Continue reading

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Chubb Q2 Profit Declines 14%

Chubb Corp. reported that net income in the second quarter of 2014 fell to $499 million from $579 million in the second quarter of 2013 due to losses from severe weather and residential and commercial property fires. Operating income was … Continue reading

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North Carolina House, Senate At Odds Over Insurance Mandate in Moped Bill

The North Carolina House last week rejected a bill requiring insurance for moped drivers. The House voted 51-54 against concurring on a Senate version of a bill that would have required insurance and registration with the state. The insurance requirement … Continue reading

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