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Headline News: Financial

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

N.J. Roofing Co. Exec Admits to Misleading Its Workers’ Comp Carrier

Authorities said the president of a roofing company in New Jersey pleaded guilty to providing false and misleading information to the company’s workers’ compensation carrier in order to avoid paying hundreds of thousands of dollars in insurance premiums that he … Continue reading

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No more Facebook? Mark Zuckerberg has a vision

Nearly two years after Facebook’s (FB) tumultuous IPO, the company has found its grounding once again with strong financials and an ever-growing user base. Nearly one-fifth of the time Americans spend on their smartphones is spent using Facebook and the … Continue reading

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Obama would cut deficits by another $1 trillion

The official nonpartisan take on President Obama’s 2015 budget proposal is in: He would curb deficits even more than today’s policies. Of course, the budget wheels for next year are already in motion in Congress, making the president’s budget, in … Continue reading

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Nasdaq threatens first breakdown since 2009

After looking poised to suffer a major breakdown on Monday, stocks have spent the last couple sessions trading in a manner best characterized as being somewhere between irrational terror and inexplicable euphoria. At this point all the bulls and bears … Continue reading

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Wall Street Week Ahead: Spring fever brings hope for U.S. earnings

By Chuck Mikolajczak NEW YORK (Reuters) – Earnings season shifts into high gear next week, and with nearly one-third of SP 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the … Continue reading

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Ohio Coast Guard Station Leads Nation in Drunken Boating Arrests

A U.S. Coast Guard station that watches over western Lake Erie led the nation in drunken boating arrests last year. The Coast Guard says officers with Marblehead, Ohio, station charged 67 people with boating under the influence in 2013. The … Continue reading

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Gerhart: U.S. Has a Good Story to Tell at the Global Insurance Symposium

The state of Iowa on May 20-22, 2014, will host its first ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the challenges facing the global … Continue reading

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Texas Agent Faces 10 Years in Prison for Insurance Fraud Conviction

A Fort Worth man faces ten years in federal prison following a conviction for insurance fraud, the Insurance Department of Texas reported. Caleb Deason, an insurance agent for Transamerica Life Insurance Co., was convicted on charges of wire fraud and … Continue reading

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Students at 5 Texas Universities Receive Insurance Council Scholarships

Twenty four insurance and risk management students at five Texas universities were recently awarded academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students attend Huston-Tillotson University, Texas Southern University, the University of Texas Pan American, the … Continue reading

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Mortgage Rates Slightly Higher, but Remain Near Recent Lows

Mortgage rates were slightly higher today as investors continued to pull back from yesterday’s geopolitically motivated buying spree.  Tensions in Ukraine had created a short term spike in demand for fixed income securities like Treasuries and the mortgage-backed-securities (MBS) that … Continue reading

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