U S Mortgage Rates Fall Fourth Week as Self-Employment Grows
Freddie Mac reports the 30-year average at 3.89 percent and the 15-year at 3.10 percent. The declines come amid Europe and China weakness and Japan's recession, with self employed borrowers facing tighter credit and more paperwork. Barnes & Noble to buy out Microsoft stake in Nook for 125 million as it ends the agreement and contemplates a spinoff.
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Four retailers struggle during holiday season downturns
New York reports a tighter holiday shopping period as Sears, RadioShack, Aeropostale and J C Penney face slumping sales. Sears cuts stores and sells assets under Edward Lampert to stay afloat while RadioShack trims costs and renovates. Aeropostale bets on leadership change to reclaim teen relevance, and J C Penney under Marvin Ellison battles a slow rebound amid a prior failed transformation.
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Average Affordable Care premiums rise in 2015
Washington reports modest 5 percent premium increases in 35 states for popular plans under the Affordable Care Act in 2015. Subsidies cushion costs, and shoppers can switch plans via HealthCare.gov to save. Some communities still face double-digit hikes, while others see decreases as the administration notes ongoing variability.
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