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Banking Losses Keep Mounting

Banking Losses Keep Mounting

Apr 24, 2014

Two of the nation’s largest banks reported huge losses for the last quarter due to the mortgage mess as banking losses reach into the billions over the crisis. Bank of America (NYSE: BAC) reported a loss of $276 million for the last quarter because of legal bills related to making bad mortgages that came out to $6 billion for the quarter. Banking losses are...

Yahoo Stock May Break Out

Yahoo Stock May Break Out

Apr 23, 2014

A restructuring has boosted technology giant Yahoo (NASDAQ: YHOO), and its stock is getting interest on Wall Street. Even though it has lost the browser war to Google, the Silicon Valley tech giant is raking in profits. The company has restructured itself with a series of new changes, including impressive re-designs of many of its online platforms. Yahoo stock...

British Wages Show Improvement

British Wages Show Improvement

Apr 22, 2014

In a major boost for the UK economy, British wages jumped slightly to outpace inflation. Unemployment has also fallen to the lowest level in five years, perhaps signaling the beginning of the end of the hardest economic decline in the UK in decades, according to government figures. Employee wages rose 1.7% in the past three months through February. The...

Higher Home Prices Hurt

Higher Home Prices Hurt

Apr 21, 2014

Despite a slower marketplace, higher home prices have developed a series of issues for buyers searching for homes. The real estate crash sent prices down as much as 90% from their peak in the hardest hit markets, but housing recoveries in many of the worst hit markets are forcing more wannabe home buyers out of the market. Home sales slid in February to a...

Strange Deal for Exxon Mobil

Strange Deal for Exxon Mobil

Apr 18, 2014

The crisis in Crimea and the growing tensions between the U. S. and Russia have put the spotlight on one of the strangest relationships in business, Russian President Billionaire Vladimir Putin, one of the richest men in the world and oil giant Exxon Mobil (NYSE: XOM). Exxon Mobil CEO Rex Tillerson and Putin’s friendship is based on one thing, money. In 2011,...