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Yahoo! News: Business
Updated : Fri, 25 Jul 2008 02:20:14 GMT

Economy - Thursday (Investor's Business Daily)
Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortgage rose to 6.63% for the week ended July 24 from 6.26% a week ago, said Freddie Mac. It's the 8th straight week over 6%. The 15-year fixed-rate mortgage rose 40 basis points to 6.18%. The 5-year Treasury-indexed adjustable-rate mortgage jumped to 6.18%, while the 1-year ARM was up to 5.49%.
Publ.Date: Thu, 24 Jul 2008 22:38:09 GMT
Source: Yahoo.com

Microsoft CEO backs Web spending, "done" with Yahoo (Reuters)
Reuters - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.
Publ.Date: Fri, 25 Jul 2008 00:40:55 GMT
Source: Yahoo.com

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