Bank of America Sues MBIA, Sends Insurer Notice of Default

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Average US 30-year mortgage rate at 4.10 pctComments Off

Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year.

SolarWorld recalling about 1.5 million systemsComments Off

SolarWorld is recalling approximately 1.5 million of its systems due to a possible electric shock, electrocution or fire hazard.

TVA board votes to retire Memphis coal plantComments Off

The Tennessee Valley Authority’s board voted Thursday to retire the coal-fired Allen Fossil Plant in Memphis and replace it with a natural-gas facility, marking another step by the nation’s largest utility to reduce its reliance on coal.

Hostess closing bakery that created the TwinkieComments Off

About 400 people will lose their jobs and a piece of American baking history will shut down when Hostess Brands closes the suburban Chicago bakery where the Twinkie was invented.

Cato posts 2Q profitComments Off

Cato Corp. (CATO) on Thursday reported fiscal second-quarter profit of $15.7 million, or 56 cents per share.

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