Reuters – U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
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Reuters – U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
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Reuters – Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday.
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Reuters – Stocks jumped and the Nasdaq hit an 18-month closing high on Friday as U.S. employers cut fewer jobs than expected last month and consumers showed signs of shedding their penny-pinching ways.
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Reuters – Sentiment of U.S. households in the top fifth of the income distribution improved in early 2010 compared with 2009, but worries over personal finances persist, a survey showed on Friday.
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The Motley Fool – Warren Buffett described Berkshire Hathaway’s (NYSE: BRK-A – News; NYSE:BRK-B – News) acquisition of Burlington National Railroad as a long-term bet on the American economy. In his book The Next Hundred Million: America in 2050, author Joel Kotkin presents data that supports Buffett’s thesis, arguing that despite its current economic woes, the U.S. will remain an economic powerhouse over the next four decades.
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Reuters – Britain’s Prudential will buy American International Group’s Asian life insurance arm for $35.5 billion in the insurance sector’s biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.
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Reuters – U.S. stocks rose for a second straight day on Monday, boosted by AIG’s record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk Corp raised its revenue forecast.
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Reuters – American International Group Inc agreed to the sale of its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said on Sunday.
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Reuters – American International Group Inc has decided not to use securitized U.S. life insurance policies to repay the U.S. government after a $182.3 billion rescue, a source familiar with the matter said on Friday.
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