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Charter Communications Inc. owes up to $73 million in wages, current and former employees claim in a bankruptcy court filing that tries to estimate the size of a claim for 2,800 workers.
A group calling itself the "Goodell Class Plaintiffs" said the claim may be $49 million to $73 million, according to documents filed […]
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Kyle McGee went to his mortgage broker’s office yesterday hoping to refinance and save about $200 a month. He walked away empty-handed.
McGee was expecting a rate of 4.7 percent; the broker offered him 5.375 percent. The average 30-year fixed-mortgage rose to 5.08 percent May 27, according to Bankrate.com.
“We feel like we might […]
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The slumping housing market is forcing the closure of one St. Louis’ largest home builders.
Mayer Homes soon will cease operations after building more than 8,500 homes during the last 30 years. It is the third major builder in the area to close in the past two years.
Slow home sales caused the Town […]
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The Philippine central bank cut its benchmark interest rate a fifth consecutive meeting to boost the economy after first-quarter growth slumped to the weakest in a decade.
Bangko Sentral ng Pilipinas reduced the rate it pays lenders for overnight deposits by a quarter of a percentage point to a 17-year low of 4.25 percent, […]
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The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in […]
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Moody’s Investors Service said the first nuclear test in three years by North Korea yesterday won’t affect South Korea’s sovereign credit rating.
South Korea’s stocks and currency slid after the communist North said yesterday it conducted a nuclear test and also launched three short-range missiles. The Kospi share index tumbled as much as 6.3 […]
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Bank of Japan Governor Masaaki Shirakawa said the economy is likely to experience a “mild recovery” as exports and production improve, though the outlook remains fraught with “considerable uncertainties.”
“The sharp decline in economic and financial conditions in Japan and abroad since last autumn is starting to level out, and there is a prospect […]
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The Bank of Israel will probably hold its benchmark interest rate at a record low for a second month, as inflation slows and the economy contracts.
The rate will remain at 0.5 percent, according to all nine economists surveyed by Bloomberg. The Jerusalem-based central bank will announce its decision at 5:30 p.m. tomorrow.
“There […]
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Nobel Prize-winning economist Joseph Stiglitz is seeking $5 million in damages against his former lawyer for failing to file divorce papers in time to prevent his second wife from claiming part of his $300,000 in prize money.
At a hearing today, U.S. District Judge Richard Leon in Washington pushed the start date of the […]
Filed under: management, money by Finance Boss
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When Gordon Brown took over as Britain’s Labour finance minister in 1997 after 18 years of Conservative rule, he promised “sustainable public finances” to cut a debt load that was near the highest in more than decade.
Brown, prime minister since 2007, is leaving the next government — either his own or one led […]
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