Yahoo! News: Personal Finance News
Personal Finance News
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Citi backs measure to help avoid foreclosures (Reuters)
Reuters - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.
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Citi backs mortgage bankruptcy reform: senators (Reuters)
Reuters - Financial giant Citigroup Inc has agreed to support a rewrite of bankruptcy law being proposed in the U.S. Congress to help troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.
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Considering dumping a mutual fund? Think twice (AP)
AP - Fiscal fitness is knocking weight loss off the top of many New Year's resolution lists, thanks to 2008's market drubbing. That often means casting off last year's worst-performing mutual funds for more promising alternatives.
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Citi backs Senate mortgage bankruptcy reform: senators (Reuters)
Reuters - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.
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Citi backs Senate mortgage bankruptcy reform: senator (Reuters)
Reuters - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.
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Stocks up on expected foreclosure deal but Dow off (Reuters)
Reuters - Most U.S. stocks rose on Thursday after news that Citigroup Inc agreed to support legislation aimed at stemming home loan foreclosures, offsetting Wal-Mart's disappointing sales and outlook.
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Stocks end mostly higher after mortgage deal (AP)
AP - A deal that would help prevent more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving the market a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. …
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Stocks mostly higher after mortgage deal (AP)
AP - A deal that would prevent more mortgage foreclosures has pulled Wall Street out of a deep early slump and given the market a most higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures. …
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S&P 500, Nasdaq up but Dow off on Wal-Mart (Reuters)
Reuters - NEW YORK (Reuters)- The Nasdaq and S&P 500 rose on Thursday after news that Citigroup Inc agreed to support legislation aimed at stemming home loan foreclosures, offsetting Wal-Mart's disappointing sales and outlook.
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Consumer credit posts record drop in November (Reuters)
Reuters - Consumer borrowing dropped by a record $7.94 billion in November, a Federal Reserve report showed on Thursday, the latest evidence that households were unwilling or unable to take on more credit.
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Citi backs mortgage bankruptcy reform: Senators (Reuters)
Reuters - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers, three Democratic senators said on Thursday.
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Stocks fall as Wal-Mart overshadows Obama (Reuters)
Reuters - The Dow and S&P 500 fell on Thursday as Wal-Mart's soft December sales and lowered earnings outlook increased worry the recession may be deepening, stretching consumers further.
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Citi reaches deal with lawmakers on home loans (AP)
AP - A trio of Democratic senators say they have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures.
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Market recovers ground after mortgage deal news (Reuters)
Reuters - The Nasdaq climbed to a session high on Wednesday, while the S&P 500 turned positive and the Dow pared losses following news that Citigroup Inc will support legislation to stem foreclosures.
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Senators say have mortgage deal with Citigroup (Reuters)
Reuters - Three Democratic senators said they would announce a deal later on Thursday with financial giant Citigroup Inc on "helping millions of families save their homes."
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Citi nears deal with Congress on home loan change (AP)
AP - Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday.
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Citigroup nears compromise on some home loans (AP)
AP - Citigroup Inc. is in advanced talks with lawmakers on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures, a person briefed on the matter said Thursday.
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Mortgage giants extend suspensions of foreclosures (AP)
AP - Mortgage giants Fannie Mae and Freddie Mac will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January.
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GMAC says backs ResCap, without committing to it (Reuters)
Reuters - GMAC LLC, the finance company, on Thursday expressed support for its money-losing Residential Capital LLC mortgage unit, though it stopped short of a commitment to keep the big home loan provider in business.
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Obama's performance czar has tried to improve IRS (AP)
AP - Nancy Killefer, the management consultant chosen by President-elect Barack Obama to make federal agencies work better for the public, has a lot of experience trying to improve the agency taxpayers love to hate, the Internal Revenue Service.
Yahoo! News: Personal Finance News
