Finance

HOME NEWS POLITICS LOCAL NEWS CRIME NATIONAL WORLD TRAFFIC Falling dollar bolsters treasury as oil drop hits provincial coffers

The diving dollar is one of few bright spots for Alberta’s finances as energy prices continue to slump. The Canadian dollar hit its lowest level since 2004 this week as oil prices resumed their fall and recession worries grew, with the loonie sliding to 76.69 cents US Thursday. While plunging oil prices have hammered Alberta’s bottom line since last fall, a lower dollar softens the ... Read More »

Retirees Aren’t Worried About Income, But Debt and Overspending Have Them Down

NEW YORK (MainStreet) — Retirees are fretting over money issues in retirement – no surprise there, right? But the issues they’re worried about may not be what you think. That’s the big takeaway from a new Merrill Edge survey, which states that the chief reasons for financial anxiety in retirement may not be  guaranteeing adequate income; instead, the root of ... Read More »

Judge won’t intervene in Kelly Rutherford’s custody dispute

LOS ANGELES (AP) — A Los Angeles judge ruled Thursday that he does not have the authority to make new custody orders in Kelly Rutherford’s international custody battle because the actress now lives in New York. Superior Court Judge Mark Juhas ruled Thursday that the “Melrose Place” and “Gossip Girl” star does not have strong enough ties to Los Angeles ... Read More »

Small Business Loan Program Suspends New Lending

The Small Business Administration’s flagship loan program suspended new lending after hitting the cap Thursday on its annual financing authority. New loan requests under the 7(a) loan-guarantee program, by far the SBA’s most popular lending initiative, are still being accepted for review, but the agency won’t be able to guarantee new loans until Congress raises its borrowing cap. The agency ... Read More »

Weekly Money: The personal finance stories you might have missed 20 to 24 July

This week: energy firms owe us; payday loan warnings; scammers’ sucker list; free energy from NPower; overdraft fees soar; why you should holiday in Wales; jury service woes 24 July The energy firms now owe us more than £1.1bn. Not all of us, however. Only about half of British homes are owed money, which is on average £93, according to ... Read More »

Amazon’s stunning profit may be short-lived

Amazon.com Inc.’s unexpected quarterly profit — driven by better-than-expected sales, better results in cloud computing and more efficiencies in product fulfillment — could be short-lived. Wall Street was stunned on Thursday when Amazon reported an unexpected profit of 19 cents a share; analysts had been looking for a net loss of 13 cents. Revenue was far higher than projected for ... Read More »

Finance ministers’ meeting on Greece: Biggest problem is trust – Scicluna

Re-establishing trust between Greece and its creditors will be the biggest issue on the table at this afternoon’s eurgroup meeting pf finance minister, according to Edward Scicluna. The Finance Minister told the Times of Malta that he did not foresee problems of a technical nature since the cash-for-reforms plan put forward by the Greek government was largely a re-hash of ... Read More »

The Latest: Greece denies report of temporary Grexit

BRUSSELS (AP) — The latest from Greece’s financial crisis (all times local): ___ 7:25 p.m. The Greek government is denying a report that the German finance ministry has proposed a temporary, five-year euro exit for Greece. Theodoros Mihopoulos who heads Greek Prime Minister Alexis Tsipras’ office, said in a tweet that the report in Germany’s Frankfurter Allgemeine Sonntagszeitung newspaper “is ... Read More »

Maxine Waters: ‘We are a long way’ from Fannie, Freddie reform

WASHINGTON (MarketWatch) — It’s been almost seven years since mortgage-finance giants Fannie Mae and Freddie Mac were placed into conservatorship, and U.S. lawmakers have yet to pin down how to reinforce the housing market’s infrastructure, without disrupting sales or putting taxpayers at risk. Discussions over housing-market reform are difficult — the topic is complex and there are fundamental disagreements over ... Read More »

Spurs owner Joe Lewis in bid for Ashley Business Finance parent

The owner of Tottenham Hotspur has agreed an offer to buy a finance firm with a Manchester arm. Joe Lewis’s Bentley Park has agreed an increased cash offer of 21.5p per share for Inspired Capital, valuing the company at £47.1m. Ashley Business Finance was founded in 1993 by the current chairman Jonathan Cranston among others and provides finance to SMEs ... Read More »