Business

5:18am

Wed August 1, 2012
Business

Conservatives Rally Around Chick-fil-A

Originally published on Thu August 2, 2012 5:31 am

Chick-fil-A has been in the news lately, not because of its chicken sandwiches but thanks to comments by the fast food company's president opposing same-sex marriage.

Social media helped spread the story and some of the country's mayors urged Chick-fil-A not to come to their cities. This led conservatives, including former Arkansas Gov. Mike Huckabee, to call for the public to support the chain on Wednesday by eating at one of its restaurants.

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3:20pm

Tue July 31, 2012
The Two-Way

Fannie, Freddie Regulator Holds Firm Against Mortgage Write-Downs

Many experts say reducing mortgage principal can help troubled homeowners avoid foreclosure and stay in their homes. But the regulator who oversees two of the nation's largest mortgage holders, Fannie Mae and Freddie Mac, has rejected the idea.
Justin Sullivan Getty Images

A federal regulator is blocking the government-owned mortgage giants Fannie Mae and Freddie Mac from reducing the principal that homeowners owe on their mortgages in order to avoid foreclosures.

Tuesday's decision came from Edward DeMarco, the acting director of the Federal Housing Finance Agency.

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1:55pm

Tue July 31, 2012
The Two-Way

Microsoft Gives Hotmail A Facelift, Says It Will Transition It To Outlook

Originally published on Wed August 1, 2012 6:00 am

The new Outlook is incorporated with other services like Skype.
Microsoft

Microsoft announced that Hotmail — the email service with 324 million users — will transition into a web and more social version of Microsoft's Outlook.

Reuters reports that Microsoft made the announcement, as they showed off their free web version of the email program it is renowned for.

Reuters adds:

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7:23am

Tue July 31, 2012
The Two-Way

Homes Prices Rise, Consumer Spending Flattens

Originally published on Tue July 31, 2012 9:55 am

Two fresh economic indicators:

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3:07am

Tue July 31, 2012
Crisis In The Housing Market

Is Housing Recovery Real? Not Everyone Is Convinced

Originally published on Tue July 31, 2012 3:08 pm

A construction worker carries lumber while working on new homes in San Mateo, Calif., in March. Homebuilding is at its highest level in nearly four years.
Justin Sullivan Getty Images

Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.

The question, of course, is whether this is a solid enough foundation to sustain a full housing recovery.

Lawrence Yun, the chief economist for the National Association of Realtors, says housing woes are largely behind us.

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