Jul 31, 2012

Time to see if central bankers ready to act

WASHINGTON — The world’s top central bankers have said they’re willing to rescue the economies of Europe and the United States. This week we’ll find out if they are ready to act. The Federal Reserve wraps up its two-day policy meeting Wednesday. Chairman Ben Bernanke has pledged to act if unemployment stays high. The European […]

Apr 5, 2012

Rate on 30-year mortgage falls to 3.98 percent

WASHINGTON — The average U.S. rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying and refinancing stayed near record lows. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell slightly to 3.98 percent from 3.99 percent last week. In February, the rate touched […]

Nov 24, 2011

Gene Policinski: ‘Occupy’ crackdowns limited by First Amendment

The comparisons have already started — police in Egypt attacking demonstrators with clubs and tear gas, and police in a number of U.S. cities breaking up “Occupy” camps with clubs and tear gas. If you’re a demonstrator in Cairo or Oakland, any difference between foreign and domestic nightsticks and pepper spray probably doesn’t matter a […]

Nov 17, 2011

Online reviews site Yelp to go public

NEW YORK — Popular online reviews site Yelp is going public, the latest in a slew of Internet businesses to do so. Yelp Inc. said in a regulatory filing Thursday that it plans to raise $100 million in an initial public offering. The amount of money Yelp is seeking in its IPO will likely change […]

Apr 21, 2011

Sandy Spring bankers back on the street

Sandy Spring Bancorp Inc., parent company of Sandy Spring Bank, said Thursday that in the first quarter of 2011 it had completed repayment to the government for TARP rescue money and undertaken an aggressive campaign to drum up new business. The Olney-based company reported a $7.3 million profit, or 30 cents per diluted share, for […]

Mar 21, 2011

Supreme Court won’t stop Fed from revealing loan data

WASHINGTON — The Supreme Court won’t stop the release of Federal Reserve Board documents identifying financial companies that received Fed loans to survive the financial crisis. An association of bankers wanted to stop the release but the court refused Monday to hear its appeal. The 2nd U.S. Circuit Court of Appeals in New York City […]

Jan 27, 2011

Panel finds financial crisis was avoidable

WASHINGTON — The government-appointed panel investigating the roots of the financial crisis says the meltdown occurred because government officials and Wall Street executives ignored warning signs and failed to manage risks. The crisis could have been avoided, the Financial Crisis Inquiry Commission determined in a final report released Thursday that was only supported by Democrats […]

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