Maryan

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As mortgage rates rise, ARMs finding favor

Adjustable-rate mortgages are starting to creep back into the real estate market as fixed-rates move from their all-time lows.<p>Karen Zoeller wasn't too worried about rising mortgage rates when she went house-hunting. But the 25% down payment requirement for an investment property took her aback.<p>So …

Sulzberger: 'The Times is not for sale'

In the wake of this week's sale of The Washington Post to Amazon founder Jeff Bezos, New York Times chairman Arthur Sulzberger Jr. and vice chairman Michael Golden sent a long memo to staff on Wednesday evening informing them that despite rumor and speculation the New York Times was "not for …

JPMorgan: We're Being Investigated By DOJ Over Mortgages

JPMorgan Chase said Wednesday it's under federal criminal investigation over its sale of mortgage securities, potentially making the biggest U.S. bank by assets the first large financial institution to face criminal sanctions over securitization practices that contributed to the 2008 financial …

Way of lost souls

These Islands aren't for the average traveller, but a visit to the pristine Loyalty Islands promises a truly extraordinary experience: http://bbc.in/1bio1ua

Going, going... Chromecast sold out online, but not everywhere

If you've got your hands on Google's red-hot, priced-to-move streaming media stick, the Chromecast, consider yourself among the lucky early adopters. The $35 HDMI device-to-display bridge is currently sold out on all three official online retail outlets -- Best Buy, Amazon and the Google Play store.<p>…

Dow recovers from 150-point drop for 5-week win streak

Business News<p>Stocks went on a roller-coaster ride on Friday, ending with the Dow squeezing out a fifth consecutive week of gains, as investors digested the latest batch of mixed earnings ahead of a busy economic calendar next week.<p>The Dow Jones Industrial Average ended the day just 3 points ahead, …

Family Ruined By $100K Beanie Babies 'Investment'

Way back in the early 90s, the country was gripped by a mania for brightly colored miniature stuffed animals that flew off shelves: Beanie …

Signs point to possible end of Europe recession

FRANKFURT, Germany (AP) — After a year and a half of recession, Europe's battered economy could finally be showing signs of life.<p>It's not the kind of recovery that calls for a big celebration. Any upswing will be a slow and arduous climb — up a slope strewn with high unemployment and scarce credit …

Even Wall Street Doesn't Want Larry Summers to Be Fed Chair

This article is from the archive of our partner .<p>Despite Larry Summers's level up on the rumor mill for the next Federal Reserve Chairman, it turns …

Hedge Fund SAC Capital Pleads Not Guilty To Fraud Charges

Hedge fund SAC Capital Advisors has pleaded not guilty to wire and securities fraud, a day after federal prosecutors in New York charged the firm in connection with an alleged insider trading scheme.<p>Peter Nussbaum, SAC's general counsel, entered the plea on behalf of the firm, one of Wall Street's …

Halliburton admits destroying evidence in Deepwater Horizon disaster

Halliburton Energy Services has agreed to plead guilty and pay the maximum fine for destroying evidence in the Deepwater Horizon disaster, the company and the Justice Department said Thursday.<p>Besides agreeing to pay a $200,000 fine, Halliburton accepted three years' probation for its guilty plea to …

Ex-vice president at Tiffany pleads guilty to stealing $2.11 million in jewelry

NEW YORK - A former executive at jeweler Tiffany & Co pleaded guilty Friday to stealing more than $2 million worth of jewelry from her one-time employer.<p>Ingrid Lederhaas-Okun, 46, a former vice president of product development, pleaded guilty to a count of interstate transportation of stolen …

Pot ad outside Indy race snuffed out

Brickyard 400 race fans probably missed the public-service message that marijuana should be considered safer than alcohol.<p>A 30-second Marijuana Project Policy video that referred to pot as "the new beer" appeared for several hours Friday before it was pulled from a portable screen across from …