Search Results for “loans”

Geithner grilled in court over AIG bailout 10/08/2014 03:10pm • MARCY GORDON AP Business Writer WASHINGTON (AP) -- Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant's former CEO over the handling of the rescue.On Tuesday, G

SolarCity loan deal could propel rooftop market 10/08/2014 02:40pm • JONATHAN FAHEY AP Energy Writer NEW YORK (AP) -- SolarCity will begin offering loans to homeowners for solar systems, a move that industry analysts say could reshape the market for rooftop solar and propel its rapid adoption.Most current rooftop solar deals involve a lease or an agreement to buy pow

Citigroup subprime unit files for $50M IPO 10/08/2014 02:18pm • NEW YORK (AP) -- Citigroup's subprime lending unit, OneMain Financial Holdings, on Wednesday filed for an IPO valued at $50 million.OneMain did not say how many shares it plans to sell in the initial public offering nor did it say when the IPO will take place. The amount of money being raised can al

UK cleared to heavily subsidize $39B nuclear plant 10/08/2014 12:23pm • JUERGEN BAETZ Associated Press BRUSSELS (AP) -- The European Union has approved Britain's bid to heavily subsidize a new nuclear power plant, overriding opposition from environmentalists and questions over the project's 24.5 billion pound ($39 billion) price tag.The EU's executive Commission said We

NFL owners approve sale of Bills to Pegulas 10/08/2014 12:19pm • BARRY WILNER AP Pro Football Writer NEW YORK (AP) -- Admitting it was a dream come true, Terry Pegula and wife Kim were unanimously approved by NFL owners Wednesday as new owners of the Buffalo Bills.The Pegulas, who already own the NHL's Buffalo Sabres, expect the sale to be finalized by the end of

Senate debates focus on Obama, economy 10/08/2014 03:22am • The Associated Press President Barack Obama's policies, national and local economic issues and women's rights sparked clashes Tuesday night as Senate candidates debated in five states with just a month left before Election Day.The debates were part of races both parties are counting on for victorie

I-66 to get toll lanes outside, but not inside Beltway 10/08/2014 02:45am • MCLEAN, Va. -- Congestion is a fact of life on Interstate 66 both outside and inside the Capital Beltway in Prince William, Fairfax and Arlington counties. Now the Virginia Department of Transportation says it will pursue High-Occupancy Toll (HOT) Lanes as the way to solve congestion from the C

Financial Conversation Starters for Couples 10/08/2014 12:00am • Talking about money with your honey can be awkward. Maybe you (or your partner) bring a hefty load of debt into the relationship, or you earn vastly different amounts, or you just have contrasting spending and saving habits. Any number of these differences can generate conflict. But if the relation

4 Ways Older Students Can Avoid Student Debt 10/08/2014 12:00am • Heading back to college can be a savvy financial decision for older workers, whether they're beefing up technical skills, earning professional certificates or enjoying their golden years with an "encore career." But taking on too much student debt is a risk at any age. Of households headed by some

Updates to 2 Schools' 2015 Best Colleges Rankings Data 10/08/2014 12:00am • Two schools -- Lindenwood University in Missouri and Rollins College in Florida -- recently advised U.S. News that they submitted inflated data that were used in the 2015 Best Colleges rankings. In the Lindenwood case, the misreported data resulted in its numerical rank being higher than it other

Understand How Late Student Loan Payments Affect Your Credit Score 10/08/2014 12:00am • Declining student loan default rates is good news, but many student loan borrowers are still struggling. Estimates show 22 percent of borrowers haven't yet defaulted but are between 90 and 270 days past due on their federal student loans, which means their credit is likely affected. The consequen

Why You Might Need More Financial Help Than You Think 10/08/2014 12:00am • Despite the rows of self-help books on display at bookstores, Americans tend to resist one particular type of advice: the financial variety. Despite all the evidence that we could use some pointers -- exhibit A, our lack of emergency and retirement savings -- a series of recently released surveys s

Geithner affirms in court need for AIG bailout 10/07/2014 09:50pm • MARCY GORDON AP Business Writer WASHINGTON (AP) -- Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., on Tuesday affirmed in court his belief that the insurer's rescue was needed to avert disaster for the financial system.A lawyer grilled Geith

Stock down on global growth worries...Auto, student loans push consumer borrowing up...Yum earnings 10/07/2014 06:28pm • NEW YORK (AP) -- The prospects of weakening global growth are weighing on the stocks. Though U.S. growth has been strengthening, the outlook elsewhere is far less encouraging and the International Monetary Fund has trimmed its forecast for global economic growth. The S&P 500 fell 29.72 points, or 1.

Consumer borrowing up $13.5 billion in August 10/07/2014 04:58pm • MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) -- U.S. consumers increased their borrowing in August in the category that covers auto loans and student loans but cut back on their credit card borrowing.Overall borrowing rose $13.5 billion in August following a revised $21.6 billion increase i