New York probes $86M sale of insurance subsidiary by largest holder of troubled mortgages
New York's top financial regulator is investigating whether the nation's largest overseer of troubled mortgages, Ocwen Financial Corp., is overcharging struggling homeowners on insurance.
Business Highlights
___ US airfares on the rise, outpacing inflation NEW YORK (AP) — The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year.
Some subprime-mortgage servicers may be trying to skirt new rules on insurance commissions
One of the country's largest overseers of troubled home loans, Nationstar Mortgage Holdings Inc., is quietly trying to sell a $100 million insurance agency that doesn't appear to exist.
Oregon releases 2015 health insurance rates for individuals, small group employer plans
Oregon will see a much tighter range of premium prices in 2015 for individual and small employer health insurance plans, according to new rates announced Friday by state regulators.
Companies handling troubled mortgages appear to skirt new US rules to prevent abuses
Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.
European Union envoys meeting to discuss dramatic toughening of sanctions against Russia
European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.
Lower health costs extend Medicare hospital fund by 4 years; Social Security OK until 2034
The government says Medicare's finances have improved.
House approves bill letting airlines advertise pre-tax fares, over consumer complaints
It's a battle pitting the nation's airlines against their passengers, and the first round has gone to the industry.
A loss or a gain? Democrats reach for political advantage with women in birth control setback
Senate Democrats suffered what looked like a difficult setback on birth control Wednesday, but they hope it pays big political dividends in November.
Insurer UnitedHealth plans health overhaul business expansion, signaling big industry shift
The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities.
Distancing itself from financial meltdown, Citigroup agrees to $7B settlement over mortgages
Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
Consumer Financial Protection Bureau sues debt collection firm for mass-produced law suits
The Consumer Financial Protection Bureau sued a major debt collection law firm on Monday, alleging it is a "mill" that produces shoddy, mass-produced credit-card collection lawsuits.
Missouri governor vetoes payday loan legislation, says it falls short of 'true reform'
Legislation re-writing Missouri's payday loan laws has been vetoed by Gov. Jay Nixon because he says it falls short of "true reform." Borrowers in Missouri currently can renew a payday loan up to six times and can face interest rates as high as 75 percent of the loan's original amount.
Indian budget allocates more money for colossal, $33 million statue than for women's safety
In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees ($33 million) for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.
Despite signs eurozone economy losing momentum, European Central Bank to keep policy on hold
The European Central Bank is expected to keep interest rates unchanged when it concludes its monthly policy meeting Thursday despite further signs that the 18-country eurozone economy is losing momentum.
Asian stock trading cautious ahead of official US jobs figures, European central bank meeting
Asian stock markets were lackluster Thursday as traders turned cautious ahead of a U.S. jobs report and the monthly policy meeting of the European Central Bank.
David vs. Goliath: Battle Brewing in Teeth-Whitening Industry
There’s a battle brewing in the teeth-whitening industry which could leave consumers with fewer product choices.
David vs. Goliath: Battle Brewing in Teeth-Whitening Industry
There’s a battle brewing in the teeth-whitening industry which could leave consumers with fewer product choices.
Judge Orders 50 Cent to Bankruptcy Court Over Instagram Photos
A bankruptcy judge ordered rapper 50 Cent to come to her courtroom and explain several pictures posted on social media websites that show him playing with stacks of cash.
