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Breaking news on category 'Business, Economics, Finance, Stock and Markets' in Americas.

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Dell cedes data-storage maker 3Par to HP

Dell cedes data-storage maker 3Par to HPDell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc.

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Mortgage rates set new record lows, might hold steady next week

Site page imageTreasury bond yields, which influence the home-loan rates, have surged since Tuesday. Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan interest costs won't fall again next week.

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Retailers report surprising August sales gains

Retailers report surprising August sales gainsSales rise 3.3% at major chain stores compared with a year earlier. Back-to-school promotions and other deep discounts help boost figures, an analyst says.The nation's retailers offered some encouraging news on the economy Thursday by posting surprisingly solid August sales figures.

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FHA shifting gears on reverse mortgages

Site page imageThe Federal Housing Administration isn't talking publicly about it, but the agency may be getting ready to lessen the upfront costs of reverse mortgages for some borrowers.

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Disparity over extent of hail damage clouds insurance claim

Disparity over extent of hail damage clouds insurance claimHomeowner wants a second look from Liberty Mutual inspectorAs a storm pummeled the Churchill Development in Schaumburg April 5, Edward Goldin hunkered down in his house and listened with concern.

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A fairer deal for college students

Site page imageLet's guard against schools that burden students with debt and offer worthless degrees.

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Rebuild the path to the American homeownership

Rebuild the path to the American homeownershipHere's how lawmakers can help the mortgage industry evolve.

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How illegal immigrants are helping Social Security

Site page imageSocial Security would be in much worse shape if it weren't for illegal immigrants' contributions.

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Regulators fell short in identifying and addressing problems, Bernanke says

Site page imageU.S. regulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were slow to identify and address abuses in the financial system that led to global economic crisis, Federal Reserve Chairman Ben S. Bernanke told the Financial Crisis Inquiry Commission.

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Cap off BP's plugged well

Site page imageCrews removed the cap from BP's ruptured Gulf of Mexico oil well late Thursday afternoon, a company spokeswoman said, an important step toward permanently sealing the well.

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