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No hajj for you, feds tell local Somalis - Minnpost.com
Federal authorities blocked two Minneapolis mosque leaders from flying to Mecca and Medina , the Strib's James Walsh and Pam Louwagie write . The feds aren't talking, but the leaders' attorney says the government believes the mosque is where local ...

Fears over UK borrowing levels - Financial Times
Investors’ fears over the credit risk of the UK have jumped sharply because of rising concerns over the government’s deteriorating public finances. The cost to insure the UK against default increased on Wednesday to a record 97 basis points, or ...

European, Asia Stocks Fall on Economy, U.S. Index Futures Drop - Bloomberg
Dec. 1 (Bloomberg) -- Stocks in Europe and Asia fell, led by commodity producers and banks, as reports signaled the economic slump is deepening. U.S. index futures declined. BHP Billiton Ltd. , the world’s largest mining company, and Rio Tinto ...

European, U.S. Stock-Index Futures Fall; BHP Billiton May Drop - Bloomberg
Dec. 1 (Bloomberg) -- European stock-index futures fell, following declines in Asia, as lower oil prices hurt profit outlooks for energy companies and reports signaled the U.K.’s housing slump is deepening. U.S. index futures also retreated. BHP ...

Alliance Agonistes - Barron's Online
HURT BY WEAK INVESTMENT RESULTS, outflows from its mutual funds and a disastrous foray into hedge funds, AllianceBernstein , the New York asset manager, has seen its shares plunge about 75% this year, to 17. That makes it among the worst performers ...

Did Russian Mafia loot Sandwich? Harwich charity to up the ante; Sea ... - Cape Cod Today
I nvestigators in Sandwich believe organized crime in Russia may be behind the disappearance of thousands of dollars in taxpayer money. Four illegal withdrawals were made over a 10-day period beginning Nov. 4. - Miller Sandwich Police Chief Michael ...

Ahead of the Bell: Goldman and Morgan Stanley - Forbes
An analyst on Friday cut his fiscal fourth-quarter and 2009 earnings estimates for Goldman Sachs Group Inc. and Morgan Stanley amid expectations for more write-downs and slowing business amid the ongoing credit crisis. JPMorgan Chase & Co. analyst ...

Financial Giants Keep Downgrading Each Other - CNBC
"In our view, Merrill Lynch is overexposed to the credit markets, which have been challenging, especially in the areas where Merrill has been most active," JPMorgan analysts Kenneth Worthington and Funda Akarsu wrote in a note. Merrill shares were ...

Expansion of Springfield homeless shelter delayed by financial crisis - Union-News & Sunday Republican
SPRINGFIELD - Tremors from the collapsing economy that first shook Wall Street then Main Street are now being felt on Worthington Street. The head of Friends of the Homeless shelter said Monday plans for a $9.6 million expansion of the 769 ...

Craps to the auto bailout - Toronto Sun
The Big Three -- GM, Ford and Chrysler -- want $25 billion (at least) to delay their crash, as do a variety of other businesses feeling the crunch. For starters, bailing out the auto industry in any capacity, is bailing out the auto unions which have ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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