Financial Service News

FORT WAYNE, Ind. - With temperatures in Northeast Indiana hitting a streak of 90 degrees, the City of Fort Wayne has issued a plea for people not to use fire hydrants as a means to cool off.

Original list price was $39,900. On Nov. 11, 2010, CitiMortgage transferred ownership to Fannie Mae, who sold to California-based USA Rental Fund LLC on Jan.

AUSTRALIA'S big four banks are facing write-downs totalling almost $250 million in the wake of Hastie Group's collapse into receivership at the weekend.

Startups looking to take advantage of a new law allowing them to sell their stock online to the public can't count that seed money just yet.

Honolulu police responded to calls of a double shooting at 7:45 tonight outside the Bank of Hawaii branch on Farrington Highway in Waipahu.

President Barack Obama speaks at a campaign grassroots event at the Iowa state fairgrounds, in Des Moines, Iowa, Thursday, May 24, 2012.

Publicly traded regional banks participating in the recent Gulf South Bank Conference told investment analysts in New Orleans that they're focused on growth, dealing with regulatory changes, finding new revenue sources and building technology platforms.

In this May 21, 2012 file photo, television correspondent Sabrina Quagliozzi reports from inside the Nasdaq MarketSite in New York's Times Square.

The case is the second in two months to involve Nomura, increasing the chances that Japan's largest broker will face sanctions as part of an industry-wide probe into suspicious trading around a series of share offerings in 2009 and 2010 that have tainted the reputation of the country's financial markets.

This Tuesday, May 22, 2012, photo, provided by David Thornburg shows a plume of smoke rising from the Whitewater fire burning in the Gila Wilderness east of Glenwood, N.M. Fire managers said the blaze had charred more than 10,000 acres before merging Wednesday afternoon with the nearby 11,500-acre Baldy fire.

In this Thursday, July 7, 2011 file photo, Les Moonves, president and CEO of CBS Corporation, greets a member of the media at the Sun Valley Inn for the 2011 Allen and Co.

Facebook's stock price slipped again on Friday, down more than 16% from the price of its initial public offering one week ago -- a market debut that infuriated investors and prompted a lawsuit.

U.S. stock futures are mixed ahead of the long holiday weekend on concerns over the lack of a concrete plan to keep Greece in the European currency union.

The European Union is challenging Argentina before the World Trade Organization with claims the South American nations stifles imports to protect its own industry.

The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Central Bank and plans for investment in infrastructure a distraction from the hard work of reform.

A former security chief at Lloyds Banking Group is to be prosecuted over an alleged A 2.5 million fraud.

Thousands of business people rely on OBJ to stay informed about local and national business news when it happens.

Apple Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million.

The Wall Street Journal is reporting that Lehman Brothers Holdings Inc.'s bankruptcy estate has reached a deal to acquire a bigger stake in apartment-building owner Archstone for $1.58 billion.

JPMorgan shareholder meeting draws protesters:JPMorgan Chase, the nation's largest bank, held its annual shareholder meeting in Tampa on May 15, just days after it disclosed its $2 billion trading blunder.