Posts Tagged ‘news’

Mortgage rates fall to new low–again

Diane Alter – AHN News Reporter Arlington, VA, United States (AHN) – Mortgage rates fell to new lows again for the week ended May 10, with the 30-year averaging 3.83 percent. Freddie Mac said in a statement Thursday, “Following April’s weaker than expected employment report and the French and Greek election results raising concerns over [...]

Stocks rise Thursday after days of losses

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. markets rose right out of the gate Thursday after several days of heavy losses. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was up 40 points, the Standard & Poor’s 500 Index gained 8 points and [...]

Crude oil prices fall to $96.32 in continuing slide

Linda Young – AHN News Writer London, United Kingdom (AHN) – Oil prices continued to fall on Wednesday, dropping an additional 0.7 percent as concerns about the U.S., European and global economies mounted. Another factor in pushing crude oil prices down was news that Saudi Arabia might boost its production. Oil prices have fallen more [...]

Al Jazeera closes China bureau after reporter expelled

Qatar-based news network Al Jazeera announced Tuesday the closure of its English language bureau in China after local authorities refused to renew the visa and accreditation of its American reporter and refused to grant visas to its other journalists. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Stocks start Monday strong on higher retail sales

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Dow stocks stocks staged a rally Monday morning boosted by strong retail sales data. Shorty after 10 a.m. on Wall Street, the Dow Jones Industrial Average was up 64 points, the Standard & Poor’s 500 Index was off 2 points and the [...]

Philippine oil refiner acquires ExxonMobil units in Malaysia for $577 million

Windsor Genova – AHN News News Writer Manila, Philippines (AHN) – Philippine oil refiner Petron Corp. announced Monday that its oil and gas exploration unit in Malaysia has completed the $ 577.3 million acquisition of three ExxonMobil firms in the southeast Asian neighbor. The company’s disclosure to the Philippine Stock Exchange indicated that Petron Oil [...]

Mortgage rate rises above 4 percent for first time since October

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The rate on a 30-year fixed mortgage climbed above 4 percent for the first time since October, Freddie Mac reported Thursday. In its weekly report, the mortgage giant noted the average rate on the 30-year fixed rate mortgage increased to 4.08 percent [...]

Encyclopedia Britannica shelves print edition after 244 years

Diane Alter – AHN News Reporter Chicago, IL, United States (AHN) – The Encyclopedia Britannica is shelving its print edition after 244 years. The iconic thick tomes are officially old school. The Encyclopedia Britannica, which has been in continuous print since it was first published in Edinburgh, Scotland, in 1768, announced Tuesday that it is [...]

Stock up Friday on solid jobs report and news from Greece

Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – U.S. markets got a bounce from a slightly better than expected jobs report on Friday and positive news from Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average rose 20 points, the Standard & Poor’s 500 Index gained [...]

Lehman emerges from bankruptcy

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Lehman Brothers Holding Inc. emerged from bankruptcy Tuesday by beginning to pay creditors as stipulated in a plan set up by the court on Dec. 6. The biggest creditors with a combined $ 138 billion were Citigroup and Bank of Mellon Corp [...]