Finance News
German opposition: Merkel embraces growth pact
23 mins ago
Germany's opposition leader said Thursday that Chancellor Angela Merkel has accepted the need to add a separate set of measures promoting growth to the European Union's treaty enshrining fiscal discipline.
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Vatican bank chief ousted after no-confidence vote
18 mins ago
The Vatican says the head of its bank, who is being investigated in a money laundering case, has been ousted after receiving a unanimous vote of no-confidence from bank overseers.
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US 30-year mortgage rate falls to record 3.78 pct.
2 hours 45 mins ago
The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.
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EU running out of time as Greece nears the exit
16 mins ago
European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that. Greece says it, too, wants to stay in the eurozone, but until after elections it's uncertain whether it can implement the austerity that Europe has set as a condition for doing so.
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Gov't taking new steps to combat food stamp fraud
20 mins ago
Food stamp recipients are ripping off the government for millions of dollars by illegally selling their benefit cards for cash _ sometimes even in the open, on eBay or Craigslist _ and then asking the government for replacement cards.
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Airlines catch a break on fuel, shares rising
22 mins ago
Airline stocks rose on Thursday after a J.P. Morgan analyst raised his estimates of the companies' future profits because of the recent drop in jet fuel prices.
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UK police seize record number of counterfeit coins
23 mins ago
Scotland Yard says it has seized a record number of counterfeit coins in raids on three properties outside of London.
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US bank earnings rose this winter to 5-year high
51 mins ago
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
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