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..

By DAVID STREITFELD - The New York Times

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..

By JOHN M. BRODER - The New York Times

Europe Agrees to Give Billions to Greece

Greece will get a vital loan installment while work continues on a second bailout. Read more..

By STEPHEN CASTLE - The New York Times

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..

By DOUGLAS MARTIN - The New York Times

See what else happened on July 3rd, 2011