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Market News

Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

A photo illustration shows a Yahoo logo on smartphone in front of a displayed cyber code and keyboardYahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts. The Securities and Exchange Commission has opened a probe into whether Yahoo's data breaches should have been disclosed sooner to investors, the Wall Street Journal reported on Monday.




U.S. judge approves VW dealers $1.2 billion settlement

FILE PHOTO - Volkswagen logo is pictured at the newly opened Volkswagen factory in WrzesniaVolkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement "fair, reasonable, and adequate." VW also agreed to keep making volume-based incentive payments to dealers, and will allow them to defer capital improvements for two years. In total, VW has now agreed to spend up to $22 billion in the United States to address claims from owners, environmental regulators, U.S. states and dealers stemming from the excess vehicle emissions.








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If you're like most people, purchasing a home  is probably one of the biggest investments you'll ever make in your lifetime and we'll be with you every step of the way

 

 

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If you are looking to refinance your ARM into a fixed rate or refinance and get cash out or get into a lower rate, we can help.

 

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We offer a variety of loan programs. Every borrower has different needs. After reviewing your situation, one of our experts will see what loans best fits your needs

 

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