Business – 10 January 2013

New mortgage lending rules to limit loan options

Written by Mary Ellen Podmolik, Published on Chicago Tribune

The Consumer Financial Protection Bureau is planning a Thursday morning announcement of new lending rules that it hopes will move the mortgage market toward a sustainable middle ground, somewhere in between the free-wheeling days of no-documentation loans and the current, restrictive environment.

Bank of England Maintains Stimulus as Credit Plan Shows Results

Written by Scott Hamilton & Jennifer Ryan, Published on Bloomberg

Bank of England policy makers refrained from adding further stimulus to the U.K. economy today after their new credit-boosting program showed signs of success.

Stocks head for big weekly gain after jobs report

Written by STEVE ROTHWELL AP, Published on Daily Finance

Stocks held on to the week’s gains after a report showed that hiring held up in December, keeping the Dow on track for its best week in more than six months.

China exports rebound but 2013 outlook remains murky

Written by Xiaoyi Shao and Koh Gui Qing, Published on Reuters

China’s export growth rebounded surprisingly sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, but subdued global demand means that the spike may not herald an enduring recovery.

NYC firm hit hard on 9/11 gives $10M in Sandy aid

Written by KAREN MATTHEWS, Published on Huffington Post

The New York City brokerage firm that lost 658 employees in the Sept. 11 terror attacks announced that it will “adopt” 19 schools in communities hit hard by Superstorm Sandy and will give each family in those schools $1,000 to spend as they see fit.

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