US grabs lead over China in clean energy race

The United States has regained the lead in the clean energy race, investing $48 billion last year to surpass China, which held the world's top spending spot since 2009, said a study Wednesday.

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.

Pawnshops spread to Internet

In a sputtering economy, cash-strapped consumers are flocking to a new way of getting quick, short-term loans: online pawn stores. It's yet another instance of online retailers pouncing on the turf of a brick-and-mortar industry.

Social responsibility of businesses questioned

When the Icelandic banking system was privatised in 2003, it inaugurated a period of furious expansion of both loans and risky investments. The bubble burst in 2008. At that time, the nominal assets of the three largest banks ...

Auditor's report needs significant changes

Every year public companies release a financial statement that includes a report from an auditor. That report provides assurance about the quality of the financial information and is meant to help the company attract investors, ...

New success model for microfinance: A matter of trust

In some countries, poor borrowers repay loans to microcredit lenders at rates of close to 100 percent while other countries see repayment rates so low that it makes microlending unsustainable - a disparity that economists ...

First Solar CEO to step down, shares plummet

(AP) -- The CEO of the nation's largest solar company is out, First Solar announced Tuesday, sending its shares tumbling more than 24 percent.

Bailed-out banks issued riskier loans

Banks that received federal bailout money ended up approving riskier loans and shifting capital toward risky investments after getting government help, say University of Michigan researchers.

Beauty impacts hiring, salaries and profits, economist finds

The best looking people earn an extra $250,000, on average, during their careers than the least attractive people and are more likely to remain employed, get promoted and even secure loans, according to a new book by University ...

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