Eurozone rushes to end discord over Greek debt rescue
(BRUSSELS ) – Eurozone leaders strived to bridge sharp divisions over a second bailout for Greece ahead of a make-or-break summit Thursday to resolve a debt crisis threatening the single currency.
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Why Some Borrowers Still Reach for ARMs – Mortgages
In the first quarter of 2011, the market share of adjustable-rate mortgage rose to the highest point since mid-2008, to 12 percent, according to a trade publication.
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EU banks to get stress test results
FRANKFURT, Germany (AP) — Ninety European banks get their test results back today, as regulators seek to increase transparency and convince the markets that the continent’s financial system can withstand big shocks like a possible Greek debt default.
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Judge Allows Lawsuit Blocking State Center to Go Forward; Institute Refuses To Rescind Critical Report Of The Project …
Megan@MarylandReporter.comA Baltimore judge has ruled that a lawsuit challenging the award of contra…
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Moody’s cuts Ireland’s rating to junk
(07-12) 14:22 PDT BRUSSELS, Belgium (AP) — Moody’s Investors Service on Tuesday downgraded Ireland’s government bond ratings to junk, dealing a further blow to the eurozone as it struggles to contain a worsening debt…
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Summary Box: Gov’t aids unemployed homeowners
The Associated Press NEW GRACE PERIOD: The Federal Housing Administration said Thursday it will extend the period for unemployed homeowners to miss mortgage payments to a full year from three or four months. SELECT FEW: The extended grace period only applies to FHA-backed loans and homeowners in the government’s Home Affordable Modification Program. The change will likely only help “tens of …
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Vodafone Tax Criticism Is Attempt at Intimidation, India Prosecutor Says
A comment by a Vodafone Group Plc (VOD) official about India’s tax system and foreign investment “was an attempt at intimidation,” coming as the company is disputing in India’s Supreme Court how much it owes, Attorney General Goolam Vahanvati said in an interview.
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