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U.S. Housing - Mortgage Rates

Mortgage Rates - Can They Drop Even More?

At least in one region of the county at dinner parties, it's the question that's on the lips of prospective home buyers: will home mortgage interest rates fall more? The average fixed rate for a 30-year mortgage for borrowers with good credit has declined to 3.92 percent,

A New Yorker's Opinion: Bon Jovi Is Dead

Jon Bon Jovi
Bon Jovi is dead! The speed with which misinformation is spreading these days is altering the news. And that threatens democracy, because an informed citizenry is essential to a functioning democracy.

A New Yorker's Opinion: Bon Jovi Is Dead

Jon Bon Jovi
Bon Jovi is dead! The speed with which misinformation is spreading these days is altering the news. And that threatens democracy, because an informed citizenry is essential to a functioning democracy.
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Chinese Premier Wen Jiabao presents gifts to North Korean leader Kim Jong-il during their meeting in Pyongyang

North Korea mourns dead leader, son is Great Successor

North Koreans poured into the streets on Monday to mourn the death of leader Kim Jong-il and state media hailed his untested son as the Great Successor of the reclusive state whose atomic weapons ambitions are a major threat to the region.
Silver bars

Silver, Palladium Fall but Gold Stays Near $1,600

Prices for silver and palladium, the two precious metals with the most industrial applications, fell Monday on growing evidence of weakening demand from China and a possible recession in Europe.
North Korean leader Kim Jong-il (R) and his son Kim Jong Un (3rd R) salute as they watch soldiers attending a military parade in the Kim Il Sung square in Pyongyang

Kim Jong-il: reclusive leader in a hermit state

North Korean leader Kim Jong-il, revered at home by a propaganda machine that turned him into a demi-god and vilified in the West as a temperamental tyrant with a nuclear arsenal, has died, North Korean state television reported Monday.
Indian Bull

As markets plunge, Asia's wealthy flock to art

In a spacious, luxury apartment perched on the leafy hills of Hong Kong, Kai-Yin Lo browses through a trove of Chinese art acquired over several decades, reflecting how her niche, scholarly pursuit has now hit the mainstream.
Europe's Markets

Europe's Markets Close Mostly Lower Monday on Demand Concerns

European markets closed mostly lower in thin trade on Monday, with miners among the biggest fallers as weak Chinese housing data fueled worries about demand, and on further fading of optimism about a solution to the Eurozone sovereign debt crisis.
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Analysis: China's severe export outlook

China could record a rare trade deficit next year, which would test both Beijing's resolve to go slowly on policy easing and its trading partners' ability to adapt.
Kim Jong-il

Kim Jong-il Dies: Global Reaction

The death of North Korean leader Kim Jong-il from a heart attack over the weekend has prompted an avalanche of reaction from around the globe.
Kim Jong-il

North Koreans Mourn the Death of Iron Leader Kim Jong-il

North Koreans poured into the streets on Monday to mourn the death of iron leader Kim Jong-il as state media hailed his untested son as the Great Successor of the reclusive state whose atomic weapons ambitions are a major threat to the region.
Saab

Automaker Saab Files for Bankruptcy

GM operates in a partnership in China with state-run SAIC Motor Corp. Ltd and contends that providing parts and technology to Saab's new owners had the China investor deal gone through would have run counter to the interest of its own shareholders.
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Saab files for bankruptcy after GM veto

Sweden's Saab faced an end to more than 60 years of car making on Monday after its Dutch owner abandoned repeated attempts to find financing and filed for its bankruptcy.
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Default notices spur strategic review at Sino-Forest

Sino-Forest , a China-focused forestry company accused of fraud, said it received notices of default from its noteholders and set up a committee to look at options for the company that could include its sale.

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