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Last updated: 22:10:25 Thursday Dec 10, 2009


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  • House eases restrictions on derivatives trades
    WASHINGTON - A bipartisan coalition in the House voted late Thursday to make it easier for corporations to engage in complex derivatives trades without government restrictions, eroding the reach of proposed regulations to govern Wall Street.   Nations:U.S.   People:Nancy Pelosi   Activities:111th Congress   Source:(AP)   2009-12-10

    Americans' net worth up for 2nd straight quarter
    WASHINGTON - Inch by inch, Americans are recovering some of their vast loss of wealth from the recession, thanks to gains in stock investments and home values.   Source:(AP)   2009-12-10

    S.Korea freezes key interest rate for 10th month
    SEOUL (AFP) - South Korea's central bank Thursday froze its key interest rate at a record low 2.0 percent for a 10th month, saying uncertainties remain about the pace of the country's economic recovery.   Nations:South Korea   People:Lee Myung-Bak   Source:(AFP)   2009-12-09

    Getting a Mortgage in 2010: 10 Things to Know
    More than three years into a painful housing crash, the real estate market has sent recent--albeit tentative--signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous. Along with more affordable home prices and a tax perk from Uncle Sam, attractive mortgage rates--which remained below 5 percent as of late November--have been a driving force behind this development.   Activities:2008 U.S. Real Estate Crisis   2009-12-03

    Countrywide ex-CEO Mozilo must face SEC fraud case
    NEW YORK/LOS ANGELES (Reuters) - A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading.   Nations:U.S.   Source:(Reuters)   2009-11-04

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