China currency policy sparks US trade clash in Congress
The article notes China’s rising imports and widening trade deficit as currency policy boosts its export edge. It cites Democratic and Republican senators accusing Beijing of manipulating its yuan against WTO rules, harming US workers and prompting hearings on competition and obligations since China joined the WTO in 2001.
MENTIONED IN THIS ARTICLE
Capitol Hill
China
World Trade Organization
WTO
George Allen
R-Va
Mortgage rates slip to near decade lows in steady decline
Mortgage rates eased slightly with benchmarks around the 3 percent area. Freddie Mac noted rates at a low level unseen in about a decade, boosting refinancing interest. The Mortgage Bankers Association reported a 45.5 percent jump in refinancing activity from the prior week, signaling growing homebuyer optimism despite higher borrowing costs.
MENTIONED IN THIS ARTICLE
Treasury
Frank Noman
Freddie Mac
Inceetine Mort
Hess
Mortgage Bankers Association of America
FirstEnergy Hit With Blackout Lawsuits
Legal action targets FirstEnergy over power outages and food spoilage claims. The suit argues consumer harm from outages and infrastructure failures, with plaintiffs seeking remedy in appropriate venues as state laws may limit recoveries. Local officials note ongoing investigations and potential penalties.
FirstEnergy discloses amendments to financial reports
AKRON AP FirstEnergy Corp filed amended SEC filings correcting errors in 2002 annual statements and select 2003 quarterly reports. Spokeswoman Kasten Baird said the changes are not material and do not affect bottom line results, with figures misstated in MD&A and explanatory notes.
MENTIONED IN THIS ARTICLE
AKRON
FirstEnergy Corp
Kasten Baird
Baird
Securities and Exchange Commission
FirstEnerger
Cleveland Electric
Toledo Edison
WorldCom pleads innocent in Oklahoma case
WorldCom now MCI and six former executives including Bernie Ebbers face Oklahoma criminal charges over an $11 billion accounting scandal. Ebbers pleaded innocent earlier. charges carry up to 10 years in prison and $10,000 fines each. Prosecutors say revenues were inflated and expenses understated to hide losses.
MENTIONED IN THIS ARTICLE
Oklahoss City
WorldCom
Theksday
MCS
Bernie Epbers
Carol Perren
MCI
Oklahoma
Drew Edmondson
Ebbers
Fannie Mae plan may curb buyers of manufactured homes
Washington AP report notes new down payment and loan term requirements from Fannie Mae could price many manufactured home buyers out of the market. HUD data show one third of new homes are manufactured with about 7.2 million in existence. Rep Barney Frank criticizes the policy as a mistake while Fannie Mae cites rising delinquencies and foreclosures as rationale.
MENTIONED IN THIS ARTICLE
Fannie Mae
Washington
Department of Housing and Urban Development
Manufactured Housing Institute
Barney Frank
D-Mass
Famine Mae
Offit
Frank
House Financial Services Committee
Also Mentioned on This Page
FirstEnergy
Akron Utility
Easars
Doug Peds
Noriecsz
Firsiksace
Weezena Pegresems
Get
Dover
H Peter Burg
Cheinman
FirstEnergy Corps
House Energy and Commerce
Candor
Burg
Noton
Pusae
Lds
Avon
Avon Lake
Vermilion
Sheffield Village
Okla
Ing
Edmondson
Tomer
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