Finance director proposed deeper cuts to sheriff

With another ugly round of bloody budget cuts looming in Glenn County , the outgoing county finance director has presented a series of budget solution alternatives that Sheriff Larry Jones referred to as "a sucker punch." Glenn County Finance...

State finance authority to rule Tuesday on bonds for Navistar

The Illinois Finance Authority board of directors will vote Tuesday on a resolution in favor of a $145 million bond allocation deal for Navistar.The deal, if agreed to by all sides, would grant inexpensive financing to the engine and large truck manufacturer for improvements to the site of its new world headquarters in Lisle.

Final Glance: Finance companies

NEW YORK (AP) -- Shares of some top finance companies were mixed at the close of trading: Bank of America rose $.05 or .4 percent, to $13.55. Citigroup unchanged at $3.91. JPMorgan Chase fell $.34 or .8 percent, to $39.76.

FINANCE DIRECTOR

Finance Director – Alternatives For Girls, a non-profit in southwest Detroit, is seeking an individual to be responsible for all accounting operations of the agency.

Where to Buy a Home for Less Than $800 a Month (U.S. News & World Report)

U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...

Advice for Widows and Older Couples, Too (U.S. News & World Report)

U.S. News & World Report - Kathleen Rehl shares an unwanted identity with 11.5 million other American women. She's a widow. Unlike most of them, she's a financial planner. And now, more than three years after the death of her husband, Tom, she is also an author. "Moving Forward on Your Own: A Financial Guidebook for Widows," is a short, 80-page journey through the stages of grief that she felt. It's also an emotional as well as financial guide to the types of adjustments faced by a sadly growing number of women who have outlived their husbands.

Treasury's Barr to testify on Fannie and Freddie (Reuters)

Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .

Capstead Mortgage shares fall on dividend cut (AP)

AP - Shares of Capstead Mortgage Corp. fell Friday after the real estate investment trust cut its dividend for the fifth straight quarter.

Finnish Finance Ministry Raises Growth Forecast

Finland's finance ministry on Friday raised the economic growth forecast for this year to 2.1% from March's 1.1%, citing higher demand.

EL finance board backs spending $740,000 for lot

The Board of Finance has unanimously endorsed spending $740,000 to purchase the Mobil gas station property in downtown Niantic. Residents will have the final say on the matter at a special town meeting scheduled Wednesday, Sept. 15 at 6:30 p.m.

Finance: Lexi Metherell

The latest finance news here and abroad with Lexi Metherell.

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Retire Rich While Others Work Forever (The Motley Fool)

The Motley Fool - The looming cloud hanging over our collective financial future has a big, fat silver lining -- if you bother to look for it.

3 Texas men indicted in Va. in $103M scam (AP)

AP - A federal grand jury in Richmond has indicted three Texas men for allegedly defrauding investors in their life insurance settlement businesses.

Yahoo Finance Chief Finds New Employer

Yahoo Finance has long been a top property in its field, beating everything even giants like Google and Microsoft could come up with. Unfortunately for Yahoo, Steve Schultz, the head of Yahoo Finance, found another job this week. "Unfortunate" isn't at all the same as "disastrous," of course. Yahoo Finance didn't rely on daily or monthly updates to stay ahead of the competition, and Schultz ...

Finance Ministry to present 0.1 pct real estate tax draft in 2010

Russia's Finance Ministry will present amendments to the country's Tax Code this year to replace the land tax and an individual property tax with a 0.1 percent tax on real estate tied to market prices.

FDIC's Bair warns of government "exposure" in mortgages (Reuters)

Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.

Financial crisis panel tells NV leaders to be bold (AP)

AP - From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.

Consumers cut back on credit card use once again (AP)

AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.

Bankers urge government to pull plug on Fannie, Freddie (Reuters)

Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.

Freddie Mac to issue new 5-year note due 2015 (AP)

AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.

Oppenheimer downgrades H&R Block to 'Perform' (AP)

AP - Tax preparation company H&R Block has struggled for the last two tax seasons and faces uncertainty over the mortgages it still holds from its former lending operations, an Oppenheimer analyst said Wednesday.

What Great Chess Players Can Teach Investors (The Motley Fool)

The Motley Fool - The constant iterative calculation of risk and reward required in every chess move translates well to the investing world. I thought it might be instructive to look at three chess world champions and see how their style matches up to various investment styles. Do you see your own style in any of these Grandmasters?

Summary Box: Mortgage lending falls 1.5 pct (AP)

AP - MORTGAGE APPLICATIONS SLIP: Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades, according to the Mortgage Bankers Association.

Mortgage lending down 1.5 pct as rates inch up (AP)

AP - Applications for home loans dipped last week as mortgage rates ticked up slightly from the lowest level in decades.

Finance department cuts revealed

The Department of Finance and Personnel has said it needs to cut its budget by £28.2m by 2014/15.

Home buying up in week, but down 40 percent in year (Reuters)

Reuters - Americans applied to buy homes at the highest pace last week since May, but more than 8 of every 10 loan requests was for a refinancing, Mortgage Bankers Association data show on Wednesday.

Bullish or Bearish? The World's Greatest Investors Debate. (The Motley Fool)

The Motley Fool - The bears and bulls were battling as ferociously as ever over the past month. Let's dive right into the debate, through the words of some of the world's greatest investors.

Small investors quitting Wall Street: SEC boss (AFP)

AFP - The head of the US stock market watchdog said on Tuesday that individual investors have been turning away from equities since a May crash that exposed weaknesses in Wall Street's trading structure.

AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)

Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.