11:49 am 2009-07-09T11:49:49-07:00
WASHINGTON - A federal jury has rejected a $24 million tax refund claim filed by tobacco company Altria Group Inc.
WASHINGTON - A federal jury has rejected a $24 million tax refund claim filed by tobacco company Altria Group Inc.
CHICAGO (Reuters) - Altria Group Inc said it will seek a further review of a federal jury verdict against it that threw out $24 million in tax refunds from investments in utilities and other assets.
WASHINGTON - The Treasury Department on Wednesday selected nine financial firms as partners for a program to buy banks' soured, mortgage-related investments.
WASHINGTON (Reuters) - Total U.S. consumer credit fell by an unexpectedly slight $3.23 billion in May, Federal Reserve data showed on Wednesday, although the previous month's drop was revised to a steeper decline than initially thought.
WASHINGTON - Falling housing prices are driving up reports of mortgage fraud, with the FBI saying Tuesday that reported losses are up 83 percent last year and climbing even higher in 2009.
DES MOINES, Iowa - A new study of 401(k) plans has revealed that black and Hispanic workers save significantly less for retirement and tap into their accounts more frequently than white and Asian employees.
RICHMOND, Va. - Genworth Financial Inc. said Tuesday that an initial public offering of 44.7 million shares of its Canadian mortgage insurance operations priced at 19 Canadian dollars ($16.35) per share.
NEW YORK - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.
NEW YORK - Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.
You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner.
With signs the economy is improving but still fragile, Federal Reserve policymakers held the Fed funds rate steady -- at zero to 0.25% -- on June 24, and maintained its pace of purchases of government debt at mortgage-backed securities.
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