Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The average rate on the 30-year fixed mortgage stayed near its record low for the sixth consecutive week. But, the historically low rates have done little to goose the ailing housing market. On Thursday, mortgage giant Freddie Mac said the rate on [...]
Archive for the ‘Loans’ Category
Honda widens recall for airbag problem
December 2nd, 2011
davidguide Linda Young – AHN News Writer Torrence, CA, United States (AHN) – Japanese automaker Honda has expanded its previously announced recall of vehicles with dangerous air bags to include almost 900,000 vehicles. The recall affects only vehicles sold in the United States and includes model years 2001 to 2003 of the affected cars. The recalled [...]
Mortgage rates approach record lows
November 25th, 2011
davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Mortgage rates were down slightly this past week, approaching, but not quite hitting, the lowest mortgage rates on record. Adjustable-rate mortgages (ARMs), did reach new record lows. The initial interest rate on a five-year Treasury-indexed ARM dropped to 2.91 percent, Freddie Mac [...]
Many on hold waiting for Apple’s iPhone 4S
November 18th, 2011
davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The overwhelming warm response for Apple’s souped up iPhone 4S has many customers on hold as carriers have trouble keeping up with demand. More than a month after its debut, Verizon Wireless, AT&T Inc., and Sprint Nextel, the three largest U.S. wireless [...]
Starbucks juiced over Evolution Fresh purchase
November 11th, 2011
davidguide Diane Alter – AHN News Reporter Seattle, WA, United States (AHN) – Starbucks is juiced over its latest purchase. The coffee giant announced that it is buying the small upscale juice maker Evolution Fresh for $30 million. Starbucks hopes the move will help it expand, brew more sales and perk up growth at the Seattle-based [...]
Unemployment rate drops to 9%
November 4th, 2011
davidguide Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The unemployment rate dropped slightly to 9 percent in October, down from 9.1 percent in September, with 13.9 million Americans officially classified as unemployed, according to the U.S. Department of Labor. Employers added 80,000 jobs in October, causing analysts to speculate that the [...]
More American patients seek treatment abroad to escape high medical costs
October 28th, 2011
davidguide Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The number of Americans heading abroad for medical care rose sharply last year amid high health care costs and a poor economy in the United States, according to medical tourism industry figures. Some of their preferred locations for life-saving surgeries and other [...]
U.S. stocks rally Friday ahead of weekend Eurozone summit
October 21st, 2011
davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks rallied Friday morning on the heels of strong gains in Europe. Investors were buoyant and hopeful this weekend’s European Summit would lead to some sort of resolve to stem the region’s threatening sovereign debt crisis. By 11 a.m. ET, the [...]
Wall Street up as investors look to close the week on a positive note
October 14th, 2011
davidguide Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Stocks started out strong, lost steam, then firmed up in mid-afternoon trading on Friday, hoping to close the week on a positive note. Just after 2 p.m. the Dow Jones Industrial Average was up over 100 points. The S&P 500 advanced by [...]
Solyndra bankruptcy episode claims first Obama Administration victim
October 7th, 2011
davidguide Tejinder Singh – AHN News Correspondent Washington, DC, United States (AHN) – Within 24 hours of President Barack Obama defending his administration’s decision to give a financial injection to solar energy company Solyndra, now under investigation after going bankrupt, the Obama administration lost its first high-level official directly connected with Solyndra. Jonathan Silver, executive director [...]
Posted in
Tags: