1 June, 2015 by The TZ Newswire Staff Comments Off on U.S. top court says 2nd mortgages on ‘underwater’ homes cannot be voided in bankruptcy
U.S. top court says 2nd mortgages on ‘underwater’ homes cannot be voided in bankruptcy
The U.S. Supreme Court on Monday handed a win to Bank of America Corp by ruling that a second mortgage on an “underwater” home – one with a mortgage balance exceeding its current value – cannot by voided during bankruptcy. On a unanimous vote, the court ruled against two homeowners, David Caulkett and Edelmiro Toledo-Cardona, in Florida, where many homeowners have struggled to pay their mortgages following the recent housing crisis. Caulkett and Toledo-Cardona had both won before the regional appeals court that oversees Florida.
1 June, 2015 by The TZ Newswire Staff Comments Off on U.S. consumer spending flat; manufacturing gains some speed
U.S. consumer spending flat; manufacturing gains some speed
U.S. consumer spending was unexpectedly flat in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. In a separate report, the Institute for Supply Management (ISM) said its index of national factory activity was 52.8 in May, up from April’s reading of 51.5.
1 June, 2015 by The TZ Newswire Staff Comments Off on Facebook and Google on privacy, Bernanke on interest rates and income inequality
Facebook and Google on privacy, Bernanke on interest rates and income inequality
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
1 June, 2015 by The TZ Newswire Staff Comments Off on Lumber Liquidators explains why it relabeled products; shares bounce
Lumber Liquidators explains why it relabeled products; shares bounce
Lumber Liquidators’ stock fell, then turned higher, as investors digested the wood flooring company’s explanation as to why it held some products, then relabeled them with new safety-standard certificate numbers.
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1 June, 2015 by The TZ Newswire Staff Comments Off on Capitol Report:
Capitol Report:
1 June, 2015 by The TZ Newswire Staff Comments Off on What companies SHOULD do vs. what they WILL do
What companies SHOULD do vs. what they WILL do
Companies finally may be getting the message that it’s better to invest in the future.
1 June, 2015 by The TZ Newswire Staff Comments Off on 6 things early retirees do differently
6 things early retirees do differently
New data show that people who retire early share common traits.