PHILADELPHIA (AP) — Drew Lewis, a businessman who served as U.S. transportation secretary under President Ronald Reagan during the 1981 air traffic controllers' strike, has died at age 84. (full story)
CHARLESTON, W.Va. (AP) — West Virginia, a suffering coal mining state shaped by the sometimes-bloody history of its organized labor, is set to become the 26th state with a so-called right-to-work law. (full story)
SEOUL, South Korea (AP) — The closure of a factory park in North Korea jointly run by both Koreas has cost the impoverished North a rare source of legitimate hard currency. Seoul says it shut the Kaesong complex in response to the North's recent long-range rocket launch to keep its impoverished neighbor from using the money factories provided to fund its nuclear and missile programs. (full story)
A bill headed for President Barack Obama this week includes a provision that would ban U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, closing a loophole in an 85-year-old tariff law that has failed to keep products of forced and child labor out of America. (full story)
OAKLAND, Calif. (AP) — Pandora Media's stock retreated in after-hours trading Thursday after the Internet radio giant's fourth-quarter earnings fell short of expectations and its CEO declined to comment on a report that the company is looking to sell itself. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.