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NPR

Contracts For Home Sales Rose Sharply In May

The 5.9 percent increase in pending home sales was well above expectations and matched their strongest pace in two years.
NPR

Orders For Durable Goods Rose In May

There was a 1.1 percent increase from April. That's more than was expected and could be a sign that the manufacturing sector continues to hold its own even as other parts of the economy are struggling.
NPR

Banks Face July 1 Living Wills Deadline

The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1 deadline to submit their living wills to the Federal Reserve and FDIC.
NPR

Murdoch Considers Split For News Corp.

News Corp. executives have confirmed they are considering dividing the company in two. One new company would hold all of News Corp.'s profitable entertainment and television outlets. The other would hold all of its newspaper and publishing outlets. The move is seen as a way for the Murdoch family to hang on to its less profitable and troubled newspapers while pleasing investors with a newly independent and far more profitable entertainment company.
NPR

FBI Op Targets Cyber Criminals Stealing Credit Cards

U.S. law enforcement officials say 24 suspected computer hackers have been arrested in a sting operation. The FBI set up a fake online forum for people interested in trading credit card numbers and other financial information.
NPR

Limits Put On Nonprofit Hospital Debt Collection

The U.S. Treasury Department last week released proposed rules to protect patients from abusive debt collection practices at nonprofit hospitals. The rules are required by the Affordable Care Act of 2010. If the Supreme Court votes to strike down the health care law, the new debt collection rules would go away.

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