Rate of past due auto loans rises in 2nd quarter

Archive for August, 2009

Rate of past due auto loans rises in 2nd quarter

The rate at which people were late making auto loan payments rose in the second quarter as consumers struggled amid rising job losses. (18 secs to go)

Chinese shares sink 5.4 pct on liquidity worries

China’s main share benchmark sank 5.4 percent in early trading Monday on heavy selling of market heavyweights triggered by renewed worries over a potential tightening of liquidity. (35 mins ago)

Finding effective lender is crucial

Prospective home buyers are understandably nervous nowadays about finding mortgage financing for the properties they plan to buy. After all, credit is tight and media reports on the shortcomings of the home loan business are ubiquitous. (2 mins ago)

Software seeks to help customers decipher their health benefits

Intuit , the company that simplified personal finance, hopes to help consumers untangle the complexity of health benefits and medical bills,” CNNMoney reports. Earlier this year, Intuit introduced its Quicken Health Expense Tracker. This online software “translates medical jargon, shows the math behind the costs, and explains what to do next if there’s a question or problem. (27 mins ago)

Creditors to vote on Hawaiian Telcom plan

A U.S. Bankruptcy Court judge has approved the disclosure statement for Hawaiian Telcom’s reorganization plan. (1 hour ago)

TiVo Inc. sues AT&T, Verizon over DVR patents

TiVo Inc. on Wednesday sued AT&T Inc. and Verizon Communications Inc. for patent infringement, including one covering the ability to pause and rewind live TV. (4 hours ago)

Judge asks SEC to explain Bank of America actions

A judge on Tuesday ordered federal regulators to explain why they didn’t investigate whether executives at Bank of America Corp. misled shareholders about bonuses paid by Merrill Lynch. (2 hours ago)

Ownership of Unix copyright headed to trial

A federal appeals court on Monday reversed a judge’s decision that granted the copyright of the Unix computer operating system to Novell Inc. (30 mins ago)

The Herald : Business: Main Business

Fraser Doherty, founder of SuperJam, a successful jam making company based in Edinburgh, has been named national Entrepreneur of the Year in the Nectar Business Small Business Awards 2009. (3 hours ago)

Beware free gift of advice

PERSONAL FINANCE: Award-winning writer Simon Bain continues his series on how to beat the credit crunch. This week he looks at the independence or otherwise of financial advisers (5 hours ago)