Lower mortgage rates push more borrowers to refinance, as Harvey mucks up the data

Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower. After pulling back for the last few weeks, more homeowners applied for a […]

Vishal Sikka Resigns as Infosys CEO Over ‘Personal Attacks’; U.B. Pravin Rao Named Interim CEO

Vishal Sikka has resigned as Infosys CEO and MD, a little over three years after joining the company as its chief executive. Long-time executive and COO U.B. Pravin Rao has been appointed the interim Infosys CEO as Vishal Sikka resigned with immediate effect. A former SAP top executive, Sikka joined India’s second biggest software exporter […]

Mortgage rates slide to 6-week low as North Korea worries drive bond rally

Getty ImagesMortgage rates remain affordable for many would-be buyers. Rates for home loans slid to a 6-week low as mounting geopolitical worries drove investors into safe-haven bonds, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.90% in the August 10 week, down from 3.93%. The 15-year fixed-rate […]

Lululemon Relaunches ivivva as Teen Lifestyle Brand

The elastic brand that is lululemon is joining forces with William-Sonoma’s Pottery Barn kid sibling, PBteen. The partners are giving a new lease on life to lululemon’s kid sister brand, ivivva. The lululemon spinoff for girls may be shuttering its stores, but the sub-brand will live on as a lifestyle brand. That’s because ivivva is […]

Twitch Taps Kate Jhaveri, Former Twitter and Facebook Exec, as SVP of Marketing

Amazon’s Twitch has hired Kate Jhaveri, who previously held marketing positions at Twitter, Facebook and Microsoft, as senior VP of marketing. Jhaveri reports directly to CEO Emmett Shear and oversees global marketing and communications for the company, which is focused on live video game broadcasting. Matthew DiPietro, who had been SVP of marketing […]