Mortgage rates edge higher, after five weeks of declines

Mortgage rates edged higher last week, the first increase after five weeks of declines. The 30-year fixed-rate mortgage averaged 3.91% in the week ending June 15, up from 3.89%, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.18%, up from 3.16%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged […]

HSBC shares heading 9% higher after appointment of new chairman: Analyst

Shares of Europe’s largest bank, HSBC, could climb after the company said current AIA chief Mark Tucker will take over as chairman, with its Hong Kong listing potentially hitting 70 Hong Kong dollars per share, one analyst told CNBC. By noon HK/SIN, HSBC shares in Hong Kong were 2.22 percent […]

Skype Experiences Global Outage; Service Restored After Three Hour Delay

Skype, Microsoft’s phone, chat and video conferencing service, experienced an outage this morning across parts of North and South America, the U.K., Europe and eastern Asia. But the platforms management team reported the Skype outage resolved within hours. An official announcement on Skype’s website confirmed reports. “We are aware of […]

Biz2Credit: Institutional Lenders Bounce Back after April Drop

Approval at institutional lenders and at big banks ($10 billion+ in assets) increased in May. Meanwhile, credit unions, small banks and alternative lenders recorded a drop in their approval rates. Those were the findings of Biz2Credit, the online resource for small business finance, in their monthly lending index released this month. […]

Yahoo Restores Automatic Email Forwarding After Brief Outage

Yahoo Restores Automatic Email Forwarding After Brief Outage Yahoo says it has restored automatic email forwarding after a brief outage sent a flutter of indignation across the internet. Yahoo Mail executive Michael Albers says in a statement the feature had been disabled as Yahoo upgraded its platform. News of the […]

Aditya Birla Nuvo, Grasim fall most in 8 years after merger announcement

The merger is not only complicated in its structure, but also unconvincing on several other elements, including the valuations of the holding company and its disadvantage to minority shareholders. Photo: AFP Mumbai: Aditya Birla Nuvo Ltd shares on Friday tanked close to 24.63% intraday as analysts and minority investors disapproved […]