NEW YORK (Reuters) – Stocks edged slightly lower on Thursday as investors fretted that a deal on the U.S. budget wouldn’t come as soon as they had hoped after President Barack Obama threatened to veto a controversial Republican plan.The market barely reacted to a round of strong data, including on gross domestic product growth and housing, suggesting talks to avert the “fiscal cliff,” steep tax hikes...
Walter Investment Management Corp. Responds To FHA’s Actions In Its Reverse Mortgage Program
Label: WorldTAMPA, Fla., Dec. 20, 2012 /PRNewswire/ — Walter Investment Management Corp. (NYSE MKT: WAC) (“Walter Investment” or the “Company”) today responded to the FHA’s announced moratorium on its Full-draw HECM Reverse Mortgage product.Mark J. O’Brien, Chairman and CEO of Walter Investment said, “We had anticipated this week’s announced moratorium on the Full-draw HECM Reverse Mortgage product and have already...
Michael Phelps voted AP male athlete of year
Label: TechnologyNow that he's away from the pool, Michael Phelps can reflect — really reflect — on what he accomplished.Pretty amazing stuff."It's kind of nuts to think about everything I've gone through," Phelps said. "I've finally had time to myself, to sit back and say, '... that really happened?' It's kind of shocking at times."Not that his career needed a capper, but Phelps added one more honor to his staggering...
Dec
19
Arming teachers would halt massacres
Label: LifestyleWilliam Bennett argues that schools would be safer with at least one armed person there who is well-trained in firearms use.STORY HIGHLIGHTSWilliam Bennett: Arming, training one person in a school could help prevent shootingsHe says armed people have stopped instances of mass killingKillers may target places where they know they can't be shot down, Bennett saysBennett: Guns help prevent crime and...
“Best Funeral Ever” premiere delayed after Newtown school shootings
Label: HealthLOS ANGELES (TheWrap.com) – Fans of death-centric reality TV will have to wait a little longer to dig into TLC‘s “Best Funeral Ever.”TLC has pushed back the premiere of the special to January 6 at 10/9c in light of the school shootings in Newtown, Conn. last week.“Best Funeral Ever” was initially scheduled to premiere on December 26 at 8/7c.“Best Funeral Ever” centers around the Golden Gate Funeral...
Wall Street little changed after two-day rally, GM jumps
Label: WorldNEW YORK (Reuters) - Stocks were little changed on Wednesday as investors found scant reason to continue buying following the best two-day rally for the S&P in a month. General Motors bucked the overall weakness to surge more than 8 percent after the company said it will buy back 200 million of its shares from the U.S. Treasury, which plans to sell the rest of its GM stake over the...
UBS in $1.5bn Libor rigging fine
Label: Business19 December 2012 Last updated at 06:43 ETSwiss banking giant UBS has agreed to pay $ 1.5bn (£940m) to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate.It becomes the second major bank to be fined over Libor after Barclays was ordered to pay $ 450m to UK and US authorities in the summer.Regulators worldwide are investigating a number of banks for rigging Libor.Libor...
Slight Uptick in Mortgage Rates Spooks Housing
Label: WorldEven with mortgage rates hovering near record lows, it doesn’t take much to send borrowers running for the hills.A slight move up from 3.47 percent on the 30-year fixed to 3.50 percent, caused mortgage refinance applications to plummet 14 percent from the previous week, according to the Mortgage Bankers Association.“Despite the Federal Reserve’s announcement last week that it would purchase an additional...
Penn State voted AP sports story of year again
Label: TechnologyNEW YORK (AP) — The Penn State child sex abuse scandal was selected as the sports story of the year by U.S. editors and news directors in an annual vote conducted by The Associated Press.The news broke in November 2011, with a grand jury report outlining charges against Jerry Sandusky, and the outrage that followed led to the firing of Hall of Fame coach Joe Paterno. But the aftershocks were felt...
Dec
18
On gun control, two places to start
Label: LifestyleReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown school killingsReaction to Newtown...
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