Mortgage defaults at lowest level since 2005

Default risk on home loans is now at its lowest level in seven years, says a professor at the University of Michigan's Ross School of Business.

A nation of frustrated home-movers

The downturn in the housing market in the last three years has left the UK a nation of frustrated, unfulfilled house-movers, according to the latest data from Understanding Society, a study of 40,000 UK households funded ...

Taiwan seeks merger with restructured Elpida

(AP) -- Taiwan's government said Wednesday it would continue to push for the consolidation of the island's memory chip makers with Elpida Memory Inc., two days after the Japanese chipmaker filed for bankruptcy.

Demand Media stock soars as 4Q results renew hope

(AP) -- Demand Media Inc.'s stock soared by more than 30 percent Friday after the online content publisher's fourth-quarter earnings and outlook for this year gave investors hope that it is starting to recover from diminished ...

Time Warner Cable to Comcast: Integration not easy

(AP) -- The chief executive of Time Warner Cable Inc. offers this warning to Comcast Corp. on its purchase of a controlling stake in NBC Universal: Mixing content and distribution is harder to accomplish than it looks.

Recession may be over, but recovery will be gradual

(PhysOrg.com) -- With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say economists at the University ...

What does Wall Street's recovery mean to Main Street?

(PhysOrg.com) -- The Dow Jones Industrial Average, among the world?s most closely watched stock indexes, closed above the 10,000-point mark last week for the first time since October 2008, a milestone that made news around ...

Chips' year-over-year sales fall 18 percent in July, SIA says

Global chip sales fell a little more than 18 percent in July from the year-earlier period, but in a sign of improving demand, semiconductor revenue rose on a month-to-month basis for the fifth time in a row, an industry group ...

Japan's Hitachi posts first-quarter loss

Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.

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