Linda Young – Fourth Estate Cooperative Writer Athens, Greece (4E) – Fitch Ratings downgraded the credit rating of Greece’s government again on Thursday. Greece’s credit rating dropped from a B- to a CCC, which puts it deeper into junk bond territory. That means many investors cannot buy Greek debt even if they thought it was [...]
Archive for the ‘Personal Loans’ Category
U.S. Treasury should make $15 billion profit on AIG bailout
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The U.S. government will likely make a $15.1 billion profit from bailing out insurance giant American International Group Inc., according to a congressional watchdog panel’s report. The Government Accountability Office report came out on Monday. The GAO said the size of the profit [...]
Costco to offer mortgages
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Milk, bananas, bread, paper towels, mortgages. Yup, add mortgages to your Costco shopping list. It’s true; the USA’s largest warehouse membership chain now offers mortgages. After a year of testing the waters, Costco is launching a full service mortgage lending program on [...]
Medicare to tie doctors’ pay to quality, cost of care
United States (KaiserHealth) – Twenty thousand physicians in four Midwest states received a glimpse into their financial future last month. Landing in their e-mail inboxes were links to reports from Medicare showing the amount their patients cost on average as well as the quality of the care they provided. The reports also showed how Medicare [...]
Report: E-books encouraging reading in America
Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – E-books are encouraging more American adults to read. New research from the Pew Internet and American Life Project shows that about one-fifth of U.S. adults have read an e-book in the past year. If the data is expanded to include Americans over the [...]
Justice Dept. Broadens Investigations of Terrorism in Private Records
Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The U.S. Justice Department plans to extend the length of time intelligence agencies can retain records on private citizens, even if there is no evidence they are involved in terrorism. The guidelines Attorney General Eric Holder signed this week for the National [...]
Average rate on 30-year fixed mortgage falls to 3.9 percent
Diane Alter – AHN News Reporter Washington, DC, United States (AHN) – Mortgage rates dipped in the week ending March 1 and hovered just above record lows set a few weeks back. Mortgage giant Freddie Mac reported Thursday that the average rate on a 30-year fixed mortgage dropped to 3.90 percent from 3.95 percent. This [...]
Stocks cross 13,000 for first time since May 2008
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Stocks rallied Tuesday and propelled the Dow above the psychologically important 13.000 level. It was the first time the Dow surpassed the mark since May 2008. Buoying markets was news that eurozone finance ministers had inked a deal for a second Greek [...]
CIA site down, Anonymous claims responsibility
Tejinder Singh – AHN News Correspondent Washington, D.C., United States (AHN) – The CIA website stayed inaccessible hours after the first reports of the outage on Friday as an elusive group of hackers claimed responsibility in tweets. “CIA TANGO DOWN” read an Anonymous-affiliated Twitter account. According to defense pundits, the expression is military-speak for eliminating [...]
Posted in
Tags: