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Average US 30-year mortgage rate at 4.19 percent 10/02/2014 02:02pm • CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) -- A key long-term U.S. mortgage rate dipped this week, the second drop after a large increase two weeks ago.Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan slipped to 4.19 percent from 4.20 percent last Tiger's tournament moves to new venue for 2017 10/02/2014 01:40pm • WASHINGTON (AP) -- Tiger Woods' tournament will have yet another new home in 2017.Organizers announced Thursday that the 2017 Quicken Loans National will be played at TPC Potomac at Avenel Farm in Potomac, Maryland.It's the course that used to be known as TPC Avenel when it hosted the Kemper Open. T ‘Tiger’s Tourney’ Confirms It’ll Remain In Area In 2017 10/02/2014 01:30pm • The Tiger Woods Foundation announced its annual PGA tour stop will come to TPC Potomac at Avenel Farm in 2017, confirming earlier reports that the tournament would remain in the immediate area for one of the years it’s not held at Bethesda’s Congressional Country Club. Members of Congre Sears to raise cash through Canadian ops sale 10/02/2014 01:08pm • ANNE D'INNOCENZIO AP Business Writers HOFFMAN ESTATES, Ill. (AP) -- Sears, sorely in need of cash, is selling most of its stake in its Canadian unit to raise as much as $380 million.The rights offering to shareholders for the majority of its 51 percent stake in Sears Canada Inc. will give the retail Sears to raise cash through Canadian ops sale 10/02/2014 10:10am • HOFFMAN ESTATES, Ill. (AP) -- Sears, sorely in need of cash, Sears is selling most of its stake in its Canadian unit to raise as much as $380 million.The sale of the majority of its 51 percent stake in Sears Canada Inc. to its own shareholders will give the retailer some breathing room as it heads i Ruling lets bankrupt city cut pension benefits 10/02/2014 09:30am • DON THOMPSON Associated Press SACRAMENTO, Calif. (AP) -- U.S. bankruptcy law allows the California city of Stockton to cut pension benefits because it can treat its obligations to the public retirement fund like other debts, a federal judge said in a ruling that could help clarify who gets paid firs Wonga agrees to write off debts for thousands 10/02/2014 09:10am • LONDON (AP) -- Payday lender Wonga has agreed to write off the debts of 330,000 people it admits shouldn't have gotten loans in the first place.Britain's biggest payday lender announced the move Thursday after striking an agreement with the Financial Conduct Authority which will require significant ECB buying bundles of loans could spur lending 10/02/2014 07:02am • The Associated Press The European Central Bank plans to start buying a type of bonds known as asset-backed securities. The move is aimed at spurring bank lending to companies and getting a slack economy moving again.Here's how asset-backed securities, or ABS, work and how buying them could help the Atletico plays Valencia with lead in sight 10/02/2014 07:00am • JOSEPH WILSON Associated Press BARCELONA, Spain (AP) -- In what is expected to be the most combative match of the weekend in the Spanish league, players are already trading barbs.Valencia goalkeeper Diego Alves set the tone by questioning Atletico Madrid's physical style of play, and Jorge "Koke" Re AP PHOTOS: Cavaliers fans welcome back LeBron 10/02/2014 06:36am • TOM WITHERS AP Sports Writer CLEVELAND (AP) -- They waited in line to see him, and when LeBron James ran onto the new court inside Quicken Loans Arena for the first time in four years wearing the Cavaliers' wine and gold colors, Cleveland fans welcomed him back with a thunderous roar they've been wa 5 Vital Questions to Ask Before Applying for a Credit Card 10/02/2014 12:00am • Applying for a credit card may not be as major a decision as applying for a mortgage or auto loan, but the card you end up with could either cost or save you hundreds of dollars in interest and rewards, so it's worth spending some time researching and thinking about what card is right for you. Ask The Cost of Adoption 10/02/2014 12:00am • It costs a lot to raise a child: According to the U.S. Department of Agriculture, an average middle-aged couple whose baby was born last year can expect to spend over $245,000 to raise the child, not including paying for college. If you're planning to adopt, you may end up spending an extra $40,000 5 Things You Need to Know About Medical Bills on Your Credit Report 10/02/2014 12:00am • Credit-scoring giant FICO announced in August that it would soon roll out a nuanced way to report medical debt in collections. The new model, called FICO 9, decreases the impact of medical bills in comparison with other types of debt. FICO's announcement comes on the heels of a number of studies and Should you invest or pay off debt? 10/02/2014 12:00am • Tough decisionsIt's a common dilemma: You have to pay off debt, but you also want to make headway with your investing goals. Which should come first? You'll win either way, so your decision is really about how to win faster. Here is some advice from financial experts to help you formulate a stra Judge: Stockton must treat pension like other debt 10/01/2014 09:14pm • DON THOMPSON Associated Press SACRAMENTO, Calif. (AP) -- Striking at the sanctity of public pensions in California, a federal judge ruled Wednesday that U.S. bankruptcy law allows the city of Stockton to treat pension fund obligations like other debts, meaning the city could trim benefits.Stockton a
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