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Average US 30-year mortgage falls to 3.54 per cent

The 30-year fixed-mortgage decreased to 3.54% for the week ending June 16, 2016. Rather, financial markets are global, says James Lee, senior principal at Kensington Realty Advisors, a real estate investment advisory firm in Chicago, and 2016 chair of the Counselors of Real Estate, a realty brokers’ organization. Demand for ...

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Walmart Cutting Hundreds of Back-Office Jobs on West Coast

According to Market Watch, individual stores usually have about three employees in accounting roles who count money and manage invoices from businesses that bring products directly to the stores and not from Wal-Mart warehouses. Walmart, the largest retailer in the country, has announced the elimination of up to 1,500 jobs ...

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Vodafone vows to fix mobile phone billing problems

Vodafone vows to fix mobile phone billing problems By Kevin Peachey Personal finance reporter 18 June 2016 From the section Business Image copyright Getty Images Mobile phone giant Vodafone has made hundreds of changes to its computer systems following a flood of complaints about bills. Figures from regulator Ofcom showed ...

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Fire service demands recall of dangerous tumble dryers

Fire service demands recall of dangerous tumble dryers By Simon Read Personal finance reporter 18 June 2016 From the section Business Image copyright Thinkstock Manufacturers of dangerous tumble dryers should recall them immediately, fire services have said. The Local Government Authority warned that people are “playing Russian roulette” by using ...

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Rio state declares 'public calamity' over finances

Rio state declares ‘public calamity’ over finances 17 June 2016 From the section Latin America & Caribbean Image copyright Getty Images Image caption The Olympics in Rio are due to start on 5 August The Brazilian state of Rio de Janeiro has declared a financial emergency less than 50 days ...

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China rules against Apple over iPhone patent claim

China rules against Apple over iPhone patent claim 17 June 2016 From the section Technology Image copyright Getty Images Beijing’s Intellectual Property Office has ruled against Apple in a patent dispute brought by a Chinese handset maker. The iPhone 6 and 6S models are similar to Shenzhen Baili’s little-known 100C ...

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HSBC to pay $1.6bn to settle lawsuit

HSBC to pay $1.6bn to settle lawsuit 17 June 2016 From the section Business Image copyright Reuters A division of HSBC has agreed to pay $1.575bn (£1.1bn) to settle a 14-year lawsuit. It stems from a lawsuit the British bank inherited when it bought the US lender Household International in ...

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Tesco sells Dobbies Garden Centres for £217m

Tesco sells Dobbies Garden Centres for £217m 17 June 2016 From the section Business Tesco has sold its garden centre chain Dobbies for £217m as the retailer continues with its strategy of focusing on its supermarket business. Dobbies has been sold to a group of investors led by Midlothian Capital ...

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China aims to cut steel glut, avoid race to devalue yuan

U.S. Treasury Secretary Jack Lew shakes hands with China’s Vice Premier Wang Yang before the Economic Dialogue of the 8th round of U.S.-China Strategic and Economic Dialogues in Beijing June 6, 2016. “Our two governments have a responsibility to foster conditions that facilitate continued and increased investment, trade, and commercial ...

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Md.’s GOP governor says he doesn’t plan to vote for Trump

Gov. Mary Fallin is scheduled to meet with presumptive Republican presidential nominee Donald Trump, officials said. Hogan made the decisive statement in Prince George’s County Wednesday, while visiting the future site of MGM Resorts International in Oxon Hill. “He asked me what I think will happen in Tennessee, and I ...

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