Business

BofA opens debate on lowering mortgage down payments

The head of Bank of America Corp., the fourth-biggest mortgage lender in the United States, says banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers were cut to 10% from 20%. Such a move, CEO Brian Moynihan told CNBC, wouldn’t introduce much risk […]

2
Like
Save
N.C. audit: Managed care organization misspent Medicaid funds

North Carolina’s largest managed care organization for mental health, developmental disabilities and substance abuse services misused federal and state Medicaid funds by overpaying its chief executive and through excessive spending on corporate retreats and other questionable expenses, according to a state audit released Thursday. Cardinal Innovations Healthcare Solutions, which serves more than 85,000 people in […]

1
Like
Save
Duke Energy posts Q&A from controversial online shareholder meeting

Duke Energy Corp. has made good on a promise it made when opting for an online-only shareholder meeting. On its website, the company has posted answers to what it says were all the questions written in by shareholders during the meeting early this month. The move to hold the entire meeting online, without shareholders attending, […]

1
Like
Save
Cato Corp. criticized over board makeup

An activist shareholder is criticizing Charlotte-based Cato Corp. for its all-male board, in the latest backlash the women’s fashion retailer is getting over the issue. The shareholder, Ohio-based Needmor Fund, describes Cato’s board as consisting of “all white men,” according to a statement a Needmor representative is expected to read Friday at Cato’s annual meeting […]

2
Like
Save
Privacy Policy | Terms of Service | Curation Policy | DMCA Policy