Rates on a 30-year mortgage dropped to 4.94%, which is not the lowest we have seen in mortgage rates this year, but it may be enough to entice people into refinancing or even buying.It has been reported that the low mortgage rates, along with the tax credit offered to new homebuyers, caused the number...
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GM was reported to be on the verge of reaching a deal with Penske Automotive Group earlier this week but as it looks now Saturn will be shut down. Some models will continue to be made through 2011, but overall Saturn is going to have to fend for itself. A Penske spokesman said that...
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The FDIC ordered banks to prepay three years worth of premiums in order to replenish a weakened FDIC fund, which resulted from the massive bank failures that occurred this year stemming from the recession. The idea was to have these premiums, which amounted to three years worth of payments, on hand so that it...
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The newspaper industry has been on a slippery slope thanks to easier access of news online and advertisers taking their business to the Internet as well. Newspaper profits and stock prices have fallen and, like most industries in the recession, they have cut jobs in order to stay afloat. However, Gannett Co., which is...
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Bank of America has announced that it will no longer charge overdraft fees to customer’s who overdraw their account by less than $10 and will give them five days to correct the balance in their account before finally being charged an overdraft fee. There is also a limit on the number of overdraft fees...
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Credit cards are in every pocket or purse of the average American. The ease in making purchases or when an emergency arises can all be easily handled by credit cards. However, despite the fact that practically every American own at the very least one credit card there are some issues that arise for card...
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Many companies on Wall Street were given a piece of the bailout pie in order to keep them from sinking and dragging down the economy with as they went but a great deal of backlash came when the tax payer money that was sent to Wall Street was used for bonuses of the executives...
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