A team from Louisville-based Republic Bank submitted the top bid for this year's Kentucky State Fair grand champion country ham. The ham auction is the traditional end of the annual Kentucky Farm Bureau breakfast. Republic Bank was the top bidder at $600,000 for the nearly 17 pound ham, produced by Broadbent B&B Foods in western Kentucky.
The New York Times has a report about a government plan that could affect millions of homeowners in the United States. The paper reports that the Obama administration is kicking around a proposal that would "allow millions of homeowners with government-backed mortgages to refinance them at today's lower interest rates, about 4 percent..."
Warren Buffett has given the country's biggest bank a $5 billion vote of confidence. Bank of America's share price had been sliding. But Buffett announced Thursday that his conglomerate Berkshire Hathaway is investing $5 billion and will receive 50,000 shares of preferred stock, and now the bank's shares are up about 12 percent. Three years ago, Buffet helped another bank in crisis when he put $5 billion into the Wall Street firm Goldman Sachs.
Anna Hazare, a 74-year old anti-corruption crusader in India, is on the 10th day of a hunger strike. Today Prime Minister Manmohan Singh asked him to end his hunger strike saying parliament could discuss anti-corruption legislation.
Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, RealtyTrac Inc. said.
Credit Joe Raedle / Getty Images
Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six times the percentage of foreclosures in a healthy housing market. Meanwhile, fixed mortgage rates edged up this week from their lowest levels in decades.
Foreclosure sales, which include homes purchased after they received a notice of default or that were repossessed by lenders, accounted for 31 percent of the market in the April-June quarter, foreclosure listing firm RealtyTrac Inc. said Thursday.
Libyan rebels remove the green flags from poles at the Abu Salim square in Tripoli on Aug. 26 after the opposition forces announced the transfer of their leadership to the capital.
Credit Patrick Baz / AFP/Getty Images
With Moammar Gadhafi and his regime driven from their strongholds in Tripoli, the most pressing question now is whether the rebels will be able to set up a government and establish order in the capital and the rest of Libya.
In their battle so far, the rebels have been boosted by NATO air power. Western nations have also been providing political and diplomatic backing to the rebel leadership, known as the Transitional National Council. And the U.S. and European states say they are prepared to return Libyan assets that were frozen in the final months of Gadhafi's rule.
Apple CEO Steve Jobs delivers the keynote address at the Apple World Wide Developers Conference in June 2011. Jobs announced on August 24 that he would step down immediately as CEO of Apple.
Credit Justin Sullivan / Getty Images
When Steve Jobs stepped down from his position as CEO of Apple yesterday, he handed the reins immediately to chief operating officer Tim Cook, who has had such a significant hand in day-to-day operations that many expect that Apple won't immediately suffer much in the way of effects on either its ability to turn out beloved products or its business position.