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    Personal Finance Headlines
    Reports: UK Treasury to raise income tax, cut VAT (AP)
    AP - Britain's Treasury will announce plans Monday to raise the top rate of income tax and cut the basic sales tax to help Britain weather the economic downturn, according to media reports. -- read full article
    Mon, 24 Nov 2008 09:21:47 GMT - Yahoo! News: Personal Finance News
    Obama may delay tax-cut rollback for wealthy (Reuters)

    President-elect Barack Obama shakes hands with customers after ordering lunch at Manny's Coffee Shop and Deli in Chicago, Illinois November 21, 2008. (Frank Polich/Reuters)Reuters - President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.


    -- read full article
    Sun, 23 Nov 2008 16:14:21 GMT - Yahoo! News: Personal Finance News
    Ask AP: Importance of housing starts, honeybees (AP)

    In this Thursday, Aug. 16, 2007 file photo, Professor Emeritus Robbin Thorp holds a specimen of a Franklin's bumblebee queen in his office at the University of California Davis bee biology department in Davis, Calif. A reader-submitted question about bees is being answered as part of an Associated Press Q&A column called 'Ask AP'.  (AP Photo/Steve Yeater)AP - American farmers have long worried about the declining population of honeybees, a key crop pollinator. But honeybees originally came from Europe, so can't U.S. farms get by without them — with a little help from good old American bugs whose ancestors were here before Columbus?


    -- read full article
    Fri, 21 Nov 2008 20:26:57 GMT - Yahoo! News: Personal Finance News
    UK home repossessions up 12 pct in 3Q from 2Q (AP)
    AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market. -- read full article
    Fri, 21 Nov 2008 10:49:34 GMT - Yahoo! News: Personal Finance News
    FHA-Backed Loans: The New Subprime (BusinessWeek Online)
    BusinessWeek Online - As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long-standing federal program designed to encourage homeownership by insuring mortgages for buyers of modest means. -- read full article
    Fri, 21 Nov 2008 13:08:43 GMT - Yahoo! News: Personal Finance News
    Ask AP: Importance of housing starts, honeybees (AP)

    In this Tuesday, Dec. 11, 2001 file photo, an oversized $100 'Patriot Bond' is on display at the Treasury Department in Washington.  A reader-submitted question about where are people putting the money they get from the stocks and mutual funds they're selling off is being answered as part of an Associated Press Q&A column called 'Ask AP'.  (AP Photo/Jacqueline Roggenbrodt)AP - American farmers have long worried about the declining population of honeybees, a key crop pollinator. But honeybees originally came from Europe, so can't U.S. farms get by without them — with a little help from good old American bugs whose ancestors were here before Columbus?


    -- read full article
    Fri, 21 Nov 2008 17:41:53 GMT - Yahoo! News: Personal Finance News
    Banks, raters face subprime lawsuits and new rules (Reuters)
    Reuters - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday. -- read full article
    Thu, 20 Nov 2008 21:45:05 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac to suspend US home foreclosures (AFP)

    The Freddie Mac headquarters in McLean, Virginia. The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.(AFP/File/Paul J. Richards)AFP - The two US mortgage finance giants, Fannie Mae and Freddie Mac, said on Thursday they halt home foreclosures until early January as they modify loans to help keep owners in their homes.


    -- read full article
    Thu, 20 Nov 2008 22:35:51 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac halting foreclosures (AP)
    AP - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. -- read full article
    Thu, 20 Nov 2008 23:24:22 GMT - Yahoo! News: Personal Finance News
    Fannie Mae, Freddie Mac suspend some foreclosures (Reuters)

    The headquarters of mortgage lender Freddie Mac is seen in Mclean, Virginia, near Washington in this September 8, 2008 file photo. (Jason Reed/Reuters)Reuters - Fannie Mae and Freddie Mac, the two biggest U.S. home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, as the government moves to stem the tide of home losses plaguing the economy.


    -- read full article
    Thu, 20 Nov 2008 23:33:13 GMT - Yahoo! News: Personal Finance News
    Wall Street sinks to lowest since 2003 (Reuters)

    Traders work on the floor of the New York Stock Exchange November 14, 2008. (Brendan McDermid/Reuters)Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.


    -- read full article
    Wed, 19 Nov 2008 21:44:53 GMT - Yahoo! News: Personal Finance News
    MetLife says commercial mortgage portfolio safe (Reuters)
    Reuters - U.S. life insurer MetLife Inc disclosed information about its commercial mortgage portfolio on Wednesday in an effort to soothe investors that have become increasingly skittish about investments by insurers in commercial property debt. -- read full article
    Wed, 19 Nov 2008 23:43:14 GMT - Yahoo! News: Personal Finance News
    U.S. probing Golden West lending, sale: prosecutor (Reuters)

    Pedestrians walk outside Wachovia corporate headquarters in Charlotte, North Carolina, October 22, 2008. (Chris Keane/Reuters)Reuters - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.


    -- read full article
    Thu, 20 Nov 2008 01:30:11 GMT - Yahoo! News: Personal Finance News
    Senate to probe bond-ratings firms: report (Reuters)

    Senator Norm Coleman speaks at the second session of the 2008 Republican National Convention in St. Paul, Minnesota September 2, 2008. (Brian Snyder/Reuters)Reuters - A U.S. Senate subcommittee is opening a probe into causes of the global financial crisis, focusing in part on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed, the Wall Street Journal said.


    -- read full article
    Thu, 20 Nov 2008 09:55:33 GMT - Yahoo! News: Personal Finance News
    October's Drop in Prices and Housing Starts (BusinessWeek Online)
    BusinessWeek Online - The current U.S. downturn continues to generate remarkable moves in economic data. Consider the reports on U.S. consumer prices and housing starts for October, released on Nov. 19: The headline consumer price index (CPI) registered its largest monthly decline in 61 years, while housing starts reached the slowest pace of activity in the history of this data series. -- read full article
    Thu, 20 Nov 2008 13:08:43 GMT - Yahoo! News: Personal Finance News
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