Financial news on July 3rd, 2011
Business and Financial news
Big Banks Easing Terms on Loans Deemed as Risks
Two of the nation’s biggest lenders are quietly modifying loans for tens of thousands of borrowers who have not asked for help but whom the banks deem to be at special risk. Read more..
Carmakers and White House Haggling Over Mileage Rules
The administration wants new American cars and trucks to average as much as 56.2 miles per gallon by 2025, roughly double the current level. Read more..
Europe Agrees to Give Billions to Greece
Greece will get a vital loan installment while work continues on a second bailout. Read more..
Robert H. Widmer, Designer of Military Aircraft, Dies at 95
Mr. Widmer led the development of major aircraft as well as the Tomahawk cruise missile, helping to enforce the cold war strategic balance known as mutual assured destruction. Read more..
See what else happened on July 3rd, 2011