Foreclosures reached an all-time high during the fourth quarter of lastyear as the mortgage crisis worsened, according to Mortgage BankersAssociation data released today.During the quarter, 2.04 percent of all outstanding mortgages werein foreclosure, and .83 percent of loans entered the
A University of California, Davis freshman from Torrance, California,was arrested Thursday morning after investigators reported findingpartially assembled pipe bombs in his dorm room, the university said.Mark Christopher Woods, 19, was arrested on suspicion of possessingchemicals to make explosives and possessing
Americans' percentage of equity in their homes fell below 50 percentfor the first time on record since 1945, the Federal Reserve saidThursday.Homeowners' portion of equity slipped to downwardlyrevised 49.6 percent in the second quarter of 2007, the central bankreported in
The long hunt for the world's most notorious arms dealer climaxed Thursdayin Bangkok, where Thai authorities arrested Russian businessman ViktorBout on charges of supplying Colombian rebels with weapons andexplosives, federal officials confirmed.Bout, whose global air transport empire armed rebels in
Coming upon the Grand Canyon long ago, an old prospector is supposed to have said in amazement, â Something awful happened here.â Thesomething appears to have started happening some 17 million years ago,geologists concluded in a study reported in Fridayâ
The zoo that owns Knut's father will not launch a lawsuit against Berlin Zoo to get a cut of the millions the celebrity polar bear has brought in. But it will continue to fight for a share of the loot.
Deutsche Bank CEO Josef Ackermann speaks to SPIEGEL about the public's growing mistrust of the business community, Germany's massive tax evasion scandal in Liechtenstein, executive fat cat salaries and the causes and consequences of the current financial crisis.
The leaders of Bavaria's ruling party, the Christian Social Union, want to relax the state's smoking ban -- and very quickly. Many of the party's politicians blame the ban for the CSU's poor showing in recent local elections.
The German government has cleared a controversial children's book of charges that it is anti-Semitic. The decision clears the way for the printing of a fourth edition of the book, "'Which Way to God?' Asked the Piglet.'"
India Inc looks all set to grow at a slow pace in the current financial year. That is, if the financial performance of Corporate India for the first nine months of 2007-2008 is any indicator of things to come.
The proposal, which will be one of the biggest capital market reforms in recent years if it is implemented, has been made by a Group on the Review of Issue Process, which is likely to submit a report on Thursday
The Dabhol power plant of the Ratnagiri Power and Gas Company is in trouble once again with problems in the recently commissioned second unit and delays in commissioning the third.
Fingerprints will be collected from foreign nationals before they are issued with a card, which will show details of the holder's immigration status and entitlements -- whether they are allowed to work or access benefits, and how long they can
Soren, still in legal tangles in another double murder case, was given the benefit of doubt along with 13 others by Jamtara Additional District and Sessions Judge Arun Kumar, for want of evidence.
Scotching speculation about early polls, External Affairs Minister Pranab Mukherjee has made it clear that the survival of the government was more important than the Indo-US nuclear deal and the Left parties will have to be taken on board.
