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News

2008

February

26
  • Housing prices fall, foreclosures rise 57%. Prices of existing single-family homes slumped 8.9% in the fourth quarter from a year earlier, the largest decline in the 20-year history of a national home price index released Tuesday. The Standard & Poor's/Case Shiller home
25
  • Insurer fined $9M for dropping cancer patient. A woman who had her medical coverage canceled as she was undergoing treatment for breast cancer has been awarded more than $9 million in a case against one of California's largest health insurers. Patsy Bates, 52, a
24
  • Suit puts 401(k) plans on notice. The Supreme Court's ruling on the mismanagement of a 401(k) plan last week isn't likely to have broad ramifications for investors saving for retirement. But it does highlight ongoing efforts to expand protections for investors
  • Wachovia's savings program ups the ante. Spend your way to savings. That's the concept behind a new program called Way2Save that was launched last month by Wachovia Bank. It is being touted by some as one of the most innovative
  • Wrong questions about the mortgage market. Daniel H. Mudd, chief executive of Fannie Mae, knows the feeling a physician gets when she attends a party and a guest wants a diagnosis for a rash or some other unexplained ailment. In Mudd's
23
  • Homeowners losing equity lines. In one brief phone call, Nancy Corazzi's lender yanked away what was left of the $95,000 home equity line of credit that she and her husband took out five months ago. The lender informed her that
21
  • L.A. sues insurer for cancelling customers. One of the state's largest insurers, Health Net Inc. of Woodland Hills, sold individual policies with the promise of medical coverage while engaging in a secret and illegal scheme to drop patients if they needed
  • Justices shield medical devices from lawsuits. Makers of medical devices like implantable defibrillators or breast implants are immune from liability for personal injuries as long as the Food and Drug Administration approved the device before it was marketed and it meets
  • Sears settles stove suit. Sears will install safety brackets on its stoves in millions of households or offer gift cards in settling an Illinois class-action lawsuit over the appliances' supposed propensity to topple. Under an agreement a judge signed
  • New mortgage plan to stem foreclosures. The Office of Thrift Supervision is preparing a plan to help mortgage borrowers who owe more than their homes are worth and to discourage them from abandoning those properties, agency officials said yesterday. Under the
  • Tax rebate fact and fiction. The recent economic stimulus bill passed by Congress and signed by the president promises checks in the mail to millions of taxpayers. But the question of how much you get -- and when -- will
  • Dudan de los estímulos fiscales del plan de Bush. Algunos gobernadores del Banco de Reserva Federal (Fed) expresaron sus dudas sobre la conveniencia de los estímulos fiscales impulsados por el gobierno del Presidente Bush y bajaron sus expectativas de crecimiento económico para
20
  • Bill to keep credit card companies honest. Could it be? Is Congress really ready to put an end to the credit card industry’s most abusive practices? A bill introduced a few weeks ago by Rep. Carolyn Maloney (D-NY), would change the
  • Nuevos planes de llamadas ‘sin límites’. Verizon Wireless presentó el martes un plan de llamadas sin límites por 99.99 dólares al mes, una oferta que fue rápidamente igualada por AT&T Mobility. Al parecer Verizon Wireless fue la primera
19
  • House hunters' bus tour of foreclosed properties. The foreclosure crisis has come to this in Massachusetts: guided bus tours of bank-owned properties for sale, led by real estate agents drumming up business in a slow market. In yesterday's downpour, a dozen bargain
  • Verizon's flat-fee unlimited wireless plan. Verizon Wireless (VZ) Tuesday will unveil a plan that offers unlimited domestic calling for a flat fee of $99.99 to $139.99 a month. Unlimited plans for BlackBerry devices and other smartphones will start at $129.99 a month. The
  • Nueva regulación para TV. Con pantallas más grandes y de mayor resolución los televisores consumen cada vez más energía en los hogares estadounidenses. Por ello la Agencia de Protección Medioambiental (EPA) acaba de anunciar
18
  • From foreclosure signs to auto repo lots. Reina Bolanos got a loan for her used Honda Odyssey in 2006 on what appeared to be favorable terms: $16,000 without a down payment. Though the 8 percent rate was high, Bank of America offered to spread the
  • ¿Se acerca tu retiro?. ¿Cumples este año 59 y medio? Bueno, tal vez la idea de tener más años a cuestas no te entusiasme demasiado, pero en esta vida todo tiene su lado positivo. Lo bueno de
 

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