Financial

  • Correction: Greece-Bailout story Associated Press - 18 hours ago

    In a story July 2 about the Greek referendum, The Associated Press reported erroneously that the International Monetary Fund had said Greece would need debt relief worth 50 billion euros. The IMF said ...

  • Why doesn't my gas mileage match EPA estimates? Bankrate.com - 21 hours ago

    None of us gets the fuel economy that was listed on the window sticker when we bought the car -- nowhere near it, actually. What kind of gas mileage your car gets is dependent on numerous factors. This is why there is a disclaimer (which is required by law) on the window sticker and anywhere an automaker lists a car's fuel economy estimated by the Environmental Protection Agency, or EPA.

  • Bankruptcy timeline: Rebuilding credit Bankrate.com - 21 hours ago

    Now it's time to start rebuilding your credit. Kevin Chern, a bankruptcy attorney in Chicago, says that when a person files Chapter 7 liquidation bankruptcy, the debtor immediately and dramatically reduces his or her debt-to-income ratio. "After three to five years of living on a strict budget, Chapter 13 debtors should be much more equipped to manage their money efficiently.

  • Sell to a 'buy your house for cash' biz? Bankrate.com - 21 hours ago

    Legit real estate businesses take their cuts at the end. To ask a question of the Real Estate Adviser, go to the "Ask the Experts" page and select "Buying, selling a home" as the topic. Read more Real Estate Adviser columns and more stories about real estate.

  • Greek voters perplexed over referendum AAP - Fri, Jul 3, 2015 3:29 PM NZST

    As Greek banks and markets on Friday remained closed for a fourth day, rival campaigns scrambled to roll out their messages. "Our efforts are focused on overcoming the crisis as fast as possible - with a solution that preserves the dignity and sovereignty of our people," Prime Minister Alexis Tsipras said. The popular 40-year-old prime minister is gambling his government on a call to voters to reject austerity measures demanded by bailout lenders, despite coming close to a deal last week.

  • Days before referendum, Greek voters perplexed and undecided Associated Press - Fri, Jul 3, 2015 12:05 PM NZST
    Days before referendum, Greek voters perplexed and undecided

    Costas Christoforidis hasn't decided how to vote in Sunday's referendum on a bailout deal for Greece's troubled economy. The problem is, the 37-year-old farmer isn't sure what he's voting for. "If ...

  • Greek debt must be addressed AAP - Fri, Jul 3, 2015 11:46 AM NZST

    Write down, write off, restructure, reprofile ... whatever term you choose, if Greece doesn't completely default on its debt, its creditors will have to address the issue of its massive debt. Sunday's ...

  • The case for Greece: when it forgave Germany's debt Associated Press - Fri, Jul 3, 2015 8:51 AM NZST
    The case for Greece: when it forgave Germany's debt

    Forgiving debt, if done right, can get an economy back on its feet. The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help. But Germany, ...

  • IMF Offers Bleak Outlook for Greece; Further Debt Writeoff May Be Needed DailyFX - Fri, Jul 3, 2015 8:45 AM NZST

    IMF Offers Bleak Outlook for Greece; Further Debt Writeoff May Be Needed

  • The Latest: Greece: IMF report justifies Greek debt stance Associated Press - Fri, Jul 3, 2015 5:53 AM NZST
    The Latest: Greece: IMF report justifies Greek debt stance

    The latest news on Greece's financial woes (all times local): ___ 8:45 p.m. Greece's government says the International Monetary Fund's report on Greece "completely justifies" Greece's position ...

  • Crowdfunding Greece's Bailout: Is It Practical? Entrepreneur - Fri, Jul 3, 2015 5:00 AM NZST
    Crowdfunding Greece's Bailout: Is It Practical?

    Thom Feeny's campaign is simple enough, but its execution isn't cut and dried.

  • The Latest: Greece: Banks open Tuesday, deal 'a certainty' Associated Press - Fri, Jul 3, 2015 4:30 AM NZST
    The Latest: Greece: Banks open Tuesday, deal 'a certainty'

    The latest news on Greece's financial woes (all times local): ___ 7:20 p.m. Here's the question all Greeks want to know: When will the banks reopen? Greek Finance Minister Yanis Varoufakis had an answer ...

  • Average US rate on 30-year mortgage rises to 4.08 percent Associated Press - Fri, Jul 3, 2015 4:14 AM NZST
    Average US rate on 30-year mortgage rises to 4.08 percent

    Average long-term U.S. mortgage rates rose this week, reaching high levels for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage rose to 4.08 percent ...

  • The Latest: NATO: Alliance concerned about Greek turmoil Associated Press - Fri, Jul 3, 2015 3:59 AM NZST
    The Latest: NATO: Alliance concerned about Greek turmoil

    The latest news on Greece's financial woes (all times local): ___ 6:55 p.m. NATO Secretary General Jens Stoltenberg says the military alliance is concerned about the financial turmoil in Greece, which ...

  • The Latest: IMF: Greece needs debt relief and $56 billion Associated Press - Fri, Jul 3, 2015 3:04 AM NZST
    The Latest: IMF: Greece needs debt relief and $56 billion

    The latest news on Greece's financial woes (all times local): ___ 6 p.m. The International Monetary Fund says Greece needs debt relief and 50 billion euros ($56 billion) in new financing from October through ...

  • The Latest: Only 1 week to campaign for crucial Greek vote Associated Press - Fri, Jul 3, 2015 2:43 AM NZST
    The Latest: Only 1 week to campaign for crucial Greek vote

    The latest news on Greece's financial woes (all times local): ___ 5:35 p.m. The campaigns for Greece's Sunday referendum on economic demands by creditors have been hampered by the short time available ...

  • The Latest: Greeks unsure what 'yes' or 'no' vote will mean Associated Press - Fri, Jul 3, 2015 2:04 AM NZST
    The Latest: Greeks unsure what 'yes' or 'no' vote will mean

    The latest news on Greece's financial woes (all times local): ___ 5 pm p.m. Campaigning for Greece's bailout referendum has begun in earnest, but voters are far from clear on the question being put to ...

  • Banker pay rebounds but only for a few Financial Times - Fri, Jul 3, 2015 12:18 AM NZST

    Bank chief executives' pay is rapidly returning to pre-crisis levels - but only if your name happens to be Jamie Dimon or James Gorman. For the rest of the world's banking leaders, even a scarcity of seasoned ...

  • The Latest: Germany says EU's hands tied until referendum Associated Press - Fri, Jul 3, 2015 12:06 AM NZST
    The Latest: Germany says EU's hands tied until referendum

    The latest news on Greece's financial woes (all times local): ___ 3:03 p.m. Germany's foreign minister says the European Union's hands are tied on Greece until that nation's people vote on the last bailout ...

  • The Latest: Hollande sees quick Greek deal if 'yes' wins Associated Press - Thu, Jul 2, 2015 11:24 PM NZST
    The Latest: Hollande sees quick Greek deal if 'yes' wins

    The latest news on Greece's financial woes (all times local): ___ 2:20 p.m. President Francois Hollande says creditors could get a new rescue deal for Greece quickly if they vote 'yes' in Sunday's referendum. ...

  • What to do when the debt collector calls Bankrate.com - Thu, Jul 2, 2015 10:00 PM NZST

    Dear Debt Adviser, Recently, a collector called me about an unpaid debt from 2002. She threatened to garnish my husband's wages by 25% and "1099" us when we file our taxes. She said we could ...

  • National mortgage rates for July 2, 2015 Bankrate.com - Thu, Jul 2, 2015 10:00 PM NZST

    Interest Rate Roundup Find the best mortgage rates in your area. Mortgages 30-year fixed: 4.19% Average points: 0.21 Mortgage rates were mixed this week, according to Bankrate's July 1 survey of interest ...

  • Greece proceeds with vote plan as creditors rebuff overture Associated Press - Thu, Jul 2, 2015 3:20 PM NZST
    Greece proceeds with vote plan as creditors rebuff overture

    The Greek government vowed Wednesday to go ahead with plans to have the people decide whether they want more austerity measures in exchange for a rescue deal. Greece offered more concessions to its creditors, ...

  • Insurance M&A: Chubb-y premium Financial Times - Thu, Jul 2, 2015 10:09 AM NZST

    Low interest rates should only be an ancillary factor in dealmaking. Meagre borrowing costs merely nudge the balance in favour of pursuing a transaction (classic theory says that the financing decision ...

  • Stocks Higher Wednesday amid Greece News, Jobs Data Morningstar - Thu, Jul 2, 2015 9:00 AM NZST

    Stocks were higher Wednesday amid reports that Greece will proceed with its referendum on Sunday to decide whether to accept creditors’ demands. The Dow was up 0.8%, the S&P 500 was up 0.7%, and the Nasdaq was up around 0.5%. Shares of Chubb Corp (CB) were up 26% Wednesday after news that ACE intends to acquire the insurer in a $28 billion deal that values Chubb at $124 per share.

  • Greece faces import shortages, terror risk: Experts CNBC - Thu, Jul 2, 2015 5:10 AM NZST
    Greece faces import shortages, terror risk: Experts

    The situation in Greece could result in rapid economic deterioration and increased risk of terrorism in Europe and the U.S., experts said.

  • The Latest: Merkel says Greek talks only after referendum Associated Press - Thu, Jul 2, 2015 3:28 AM NZST
    The Latest: Merkel says Greek talks only after referendum

    The latest news on Greece's financial woes (all times local): ___ 6:24 p.m. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece ...

  • The Latest: Tsipras slams talk of euro exit after referendum Associated Press - Thu, Jul 2, 2015 3:15 AM NZST
    The Latest: Tsipras slams talk of euro exit after referendum

    The latest news on Greece's financial woes (all times local): ___ 6:01 p.m. Greek Prime Minister Alexis Tsipras said suggestions this Sunday's referendum will determine whether Greece stays in the euro ...

  • The Latest: Tsipras vows to push on with referendum Associated Press - Thu, Jul 2, 2015 2:43 AM NZST
    The Latest: Tsipras vows to push on with referendum

    The latest news on Greece's financial woes (all times local): ___ 5:40 p.m. Greek Prime Minister Alexis Tsipras has vowed to push on with his plan for a referendum this Sunday on the recent proposals from ...

  • The Latest: Bank of England warns over financial stability Associated Press - Thu, Jul 2, 2015 2:29 AM NZST
    The Latest: Bank of England warns over financial stability

    The latest news on Greece's financial woes (all times local): ___ 5:23 p.m. Bank of England governor Mark Carney has warned that the outlook for Britain's financial stability has "worsened" because ...

  • US stocks open higher following gains in European markets Associated Press - Thu, Jul 2, 2015 2:20 AM NZST
    US stocks open higher following gains in European markets

    U.S. stocks opened higher Wednesday on hopes that a deal between Greece and its creditors could be cobbled together to prevent a Greek exit from the euro. Stocks in Europe rose sharply. In deal news, Chubb ...

  • The Latest: Banner against austerity unfurled in Athens Associated Press - Thu, Jul 2, 2015 2:20 AM NZST
    The Latest: Banner against austerity unfurled in Athens

    The latest news on Greece's financial woes (all times local): ___ 5.16 p.m. A huge banner urging Greek voters to reject a bailout deal by the country's has been unfurled on the front of the Finance Ministry ...

  • The Latest: Hollande urges swift deal with Greece Associated Press - Thu, Jul 2, 2015 2:14 AM NZST
    The Latest: Hollande urges swift deal with Greece

    The latest news on Greece's financial woes (all times local): ___ 5:13 p.m. French President Francois Hollande is urging an accord with Greece over its debt before a referendum scheduled Sunday instead ...

  • The Latest: Greek Orthodox church leader urges calm Associated Press - Thu, Jul 2, 2015 2:03 AM NZST
    The Latest: Greek Orthodox church leader urges calm

    The latest news on Greece's financial woes (all times local): ___ 5:10 p.m. The leader of Greece's powerful Orthodox Church has made an appeal for calm amid concern that public rallies for Sunday's referendum ...

  • The Latest: Slovenia criticizes Greek govt debt actions Associated Press - Thu, Jul 2, 2015 1:56 AM NZST
    The Latest: Slovenia criticizes Greek govt debt actions

    The latest news on Greece's financial woes (all times local): ___ 4:55 p.m. Eurozone member Slovenia has criticized Greek government's handling of the debt crisis, saying its actions have prevented a new ...