Archive for the 'Personal Finance' category:

Court outlaws use of gender to assess risk

Gender should not be taken into account as a risk factor in insurance contracts, Europe’s top court has ruled in a case which will have big implications for car insurance and pension annuities
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Geithner to Congress: Revamp housing in 2 years (AP)

AP – The Obama administration wants Congress to approve legislation within two years that overhauls Fannie Mae and Freddie Mac, the nation’s huge but financially feeble housing market giants, Treasury Secretary Timothy Geithner is telling lawmakers.
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They tried to deduct what?!

From pornography to emu feathers, here are 10 of the wackiest things taxpayers have tried to deduct. Uncle Sam – and the U.S. Tax Court – was not amused.
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Geithner wants housing overhaul bill in 2 years (AP)

AP – Treasury Secretary Timothy Geithner says the Obama administration wants Congress to approve legislation overhauling Fannie Mae and Freddie Mac, the nation’s troubled housing finance giants, within two years.
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Health Care REIT in $2.4B Genesis property deal (AP)

AP – Health Care REIT Inc. is buying the assets of rehabilitation facility and nursing home operator Genesis HealthCare for $2.4 billion in the second major health care real estate deal announced Monday.
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Author Lewis sued for defamation by asset manager (Reuters)

Reuters – Michael Lewis, best-selling author of “The Big Short” about the mortgage meltdown, has been sued for defamation by an asset manager featured in the book.
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Lloyds tops customer complaints list

Lloyds has again emerged as the most complained about financial institution in the UK
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Credit cards from hell

Here are 9 credit cards that industry experts told CNNMoney are among the worst in America for their sky-high interest rates and ridiculous fees.
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Court OKs $624M payout to Countrywide investors (AP)

AP – A federal judge on Friday approved a $624 million settlement in a lawsuit brought by several New York public pension funds against fallen mortgage giant Countrywide Financial Corp.
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5 Reasons to Save Your Tax Refund for Retirement (U.S. News & World Report)

U.S. News & World Report – If you are expecting a tax refund this year, aim to save some or all of it for the future. Here are five good reasons to use that money for retirement savings.
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