Home » Archive by Category "Financial" (Page 2)

Headline News: Financial

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

Selective Insurance’s Q3 Profit Rises 63% to $53M

Selective Insurance Group reported $53.2 million net income for its 2014 third quarter, a 62.7 percent increase from $32.7 million net income during the third quarter of 2013. Operating income for the third quarter was $43.3 million, up 81.2 percent … Continue reading

Filed under Financial | Tagged |

Integro Hires Stearns as Global Marine Practice Principal in New York

Insurance brokerage and risk management firm Integro hired Robert Stearns as a principal for the firm’s Global Marine practice in New York. He is responsible for the design, structure, placement and servicing of marine liability and marine hull insurance programs. … Continue reading

Filed under Financial | Tagged |

Average US 30-year loan rate up to 3.98 pct.

WASHINGTON (AP) — Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.98 percent … Continue reading

Filed under Financial | Tagged |

Mortgage Rates at 3-Week Highs After Fed Ends QE

Mortgage rates rose to the highest level in 3 weeks after today’s Fed Announcement.  The move was a two-part process with initial rate sheets being weaker in the morning and mid-day reprices (lenders raising rates) following the Fed.  The pace … Continue reading

Filed under Financial | Tagged |

Mortgage Rates Recover Slightly; Holding Near 4 Percent

Mortgage rates pulled back to hold near 4 percent after rising to the highest levels in 3 weeks.  After yesterday’s Fed announcement, the most common rate quotes were at risk of edging up to 4.125% for top tier borrowers.  While … Continue reading

Filed under Financial | Tagged |

GoPro profit beats estimates on robust demand for cameras

By Soham Chatterjee (Reuters) – GoPro Inc (GPRO.O) reported a better-than-expected quarterly profit and revenue, driven by strong demand for its wearable cameras, which are used by surfers, skydivers and other action junkies. The company’s shares rose 6.7 percent in … Continue reading

Filed under Financial | Tagged , , , , |

LinkedIn shares swing as Q4 outlook misses estimates

View photo . Getty Images/Mandel Ngan LinkedIn CEO Jeff Weiner LinkedIn reported earnings that were ahead of expectations. The stock fell initially, but then bounced back. At last check, it was basically flat. Here are the major numbers: EPS: $0.52 versus … Continue reading

Filed under Financial | Tagged , , , , |

Starbucks under pressure as key metric misses views

(Reuters) – Starbucks Corp (SBUX.O) on Thursday reported sales at established cafes in its U.S.-dominated Americas region that missed Wall Street expectations in the latest quarter, despite the early return of the popular Pumpkin Spice latte. The world’s biggest coffee … Continue reading

Filed under Financial | Tagged , , , , |

Citi revises Q3 net lower by $600M amid legal woes

(Reuters) – Citigroup Inc (C.N) said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to “rapidly evolving regulatory inquiries.” The bank’s shares fell in extended trading after it revised down its … Continue reading

Filed under Financial | Tagged , , , , |

Visa sees mobile payment as big growth driver

By Tanya Agrawal (Reuters) – Visa Inc (V.N) reported a better-than-expected adjusted quarterly profit and said the mobile payment industry would be “a great driver” for business, sending its shares up nearly 4 percent in extended trading. The world’s largest … Continue reading

Filed under Financial | Tagged , , , , |