Personal Economics
  • Groupon makes first profit, shares surge

    Groupon makes first profit, shares surge

    By Alistair Barr, Reuters

    SAN FRANCISCO (Reuters) - Groupon Inc posted its first quarterly profit by reining in marketing spending and signing up more customers and merchants, sending its stock about 18 percent higher. The...

  • Yahoo investors applaud change, fear limbo

    Yahoo investors applaud change, fear limbo

    By Alexei Oreskovic, Reuters

    (Reuters) - Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third...

  • Ally aims to end mortgage woes with ResCap filing

    Ally aims to end mortgage woes with ResCap filing

    By Rick Rothacker and Paritosh Bansal, Reuters

    (Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international...

  • Is the Government Backing a New Housing Bubble?

    Right now, under a plan introduced by President Barack Obama, an FHA-qualifying U.S. homebuyer can apply for a 30-year mortgage with a 30 year fixed interest rate of 3.75 percent and a 15-year fixed...

  • The ‘Fiscal Cliff’ Looms Over Taxes and Spending

    Congress is facing an extraordinary raft of spending and tax decisions by the end of the year that could have a profound impact on Americans reliant on government aid and the economic recovery. Fed...