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Exclusive: Ex-Goldman mortgage chief plans foreclosed home fund

Top Finance News - Thu, 07/19/2012 - 6:40pm
Former Goldman Sachs Group Inc. executive Donald Mullen, one of the architects of the subprime mortgage trade, is trying to raise at least $500 million for a fund that will buy foreclosed homes with an ...

Eurogroup to approve Spanish banking sector bailout Friday

Top Finance News - Thu, 07/19/2012 - 6:40pm
Euro zone finance ministers are expected to approve an agreement on Friday to lend up to 100 billion euros to Spain so it can recapitalize its banks, but the exact size of the loan will probably only be ...

Foreign central banks scooped up U.S. Treasuries

Top Finance News - Thu, 07/19/2012 - 6:40pm
Foreign central banks raised their stakes in U.S. Treasury debt, suggesting they were keen bidders at last week's auctions in which the government sold $66 billion worth of longer-dated securities, data ...

Yahoo CEO Mayer stands to make over $40 million

Top Finance News - Thu, 07/19/2012 - 6:40pm
Marissa Mayer, Yahoo Inc's new chief executive officer will make $1 million in annual salary, $12 million in restricted stock and stock options, and one-time retention and performance awards of $30 million ...

Google Earnings Beat Forecast, but Revenue Is Light

Top Finance News - Thu, 07/19/2012 - 5:30pm
The Internet giant reported quarterly earnings that beat Wall Street's expectations but revenue fell slightly short. Its shares rose in extended-hours trading.

Five Below Pops More Than 50 Percent in IPO

Top Finance News - Thu, 07/19/2012 - 5:30pm
Shares of discount retailer Five Below are popping in their debut on the Nasdaq Thursday, rising more than 60 percent in late trade.

Forget the Hype, Tech Earnings Are Edging Positive

Top Finance News - Thu, 07/19/2012 - 3:25pm
Earnings reports are showing "even in a really troubled time a lot of these companies are more than capable of growing substantially," says Zachary Karabell, president of RiverTwice Partners.

Lower Prices Slice Profits for Oil, Gas Companies

Top Finance News - Thu, 07/19/2012 - 3:25pm
For oil and gas companies, the math was simple in the second quarter: lower prices equaled lower profits.

Housing Data Indicate a Market Recovering, Not a Full Recovery

Top Finance News - Thu, 07/19/2012 - 3:25pm
Prices may be the last component of the real estate economy to recover according to Jonathan Miller, president and CEO of appraisal firm Miller Samuel.

80% of Consumers Believe Recession Will Last Three More Years

Top Finance News - Thu, 07/19/2012 - 3:25pm
Americans have been on a "tremendous roller coaster" and remain wary about the job and housing markets, says Wendy Liebmann, CEO and Chief Shopper of WSL/Strategic Retail.

A World With More Phones Than People

Top Finance News - Thu, 07/19/2012 - 3:25pm
There are more than 6 billion phones and the count will "will soon exceed that of the human population," according to the World Bank.

Is QE3 the Easy Way Out? Not so Much

Top Finance News - Thu, 07/19/2012 - 1:40pm
"You're reaching the limits of what monetary policy can do for the overall economy," says Jason Trennert, chief investment strategist at Strategas Research Partners.

Hedge Fund Assets Sink as Performance Ebbs

Top Finance News - Thu, 07/19/2012 - 1:40pm
Even though investors put a net $4.1 billion into hedge funds in the second quarter, it was not enough to offset performance losses at many funds.

Wake Up, Washington: The Economy Needs You

Top Finance News - Thu, 07/19/2012 - 12:35pm
There's little debate that the world's biggest economy has struggled to show consistent progress from the steep downturn that began in earnest during the financial crisis of 2008-09.

Mortgage Rates Continue Slide: 30-Year at 3.53%

Top Finance News - Thu, 07/19/2012 - 12:35pm
Mortgage rates continue to test new depths, with the 30-year fixed rate hitting 3.53%, down from 3.63% the week prior.

Commodities Head for Longest Rally Since February

Top Finance News - Thu, 07/19/2012 - 12:35pm
Commodities headed for the longest rally since February as the worst U.S. drought in more than half a century threatened crops.

Amazon to Offer Same-Day Delivery: Will It Change the Way You Shop?

Top Finance News - Thu, 07/19/2012 - 11:35am
Amazon may start offering same-day delivery as soon as next year, which could further alter the retail landscape.

Why Stocks, Bonds Aren't as Safe as You Think

Top Finance News - Thu, 07/19/2012 - 11:35am
"When the music stops the pain will not simply be in the equity space but in the fixed income space as well," says Lincoln Ellis, chief investment officer at Strategic Financial Group

The Big Retirement Lie

Top Finance News - Thu, 07/19/2012 - 11:35am
What if everything you were told about saving in your company retirement plan was bogus?

Home Sales Drop 5.4% in June

Top Finance News - Thu, 07/19/2012 - 11:35am
Americans bought fewer homes in June than May, suggesting the weak economy could be slowing a modest housing recovery.

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