Borrowers in Obama housing program re-defaulting

CNNMoney reports that a new report from the special inspector general for the Troubled Asset Relief Program found that borrowers who received help through the government's main foreclosure prevention program are re-defaulting on their mortgages at alarming rates. Read more

 

Ford raises profit forecast after exceeding estimates

Bloomberg reports that Ford Motor Co., the second-largest U.S. automaker, earned more than estimates and raised its full-year forecast as the Focus compact and Fusion sedan led a stable of more competitive cars from the Detroit Three. Read more

 

Boeing profits jump as commercial plane sales soar

Reuters reports that Boeing Co. posted a better-than-expected 13 percent jump in quarterly profits after delivering more commercial jets, shrugging off concerns about the 787 Dreamliner and sending its shares up 2 percent to an all-time high in premarket trading. Read more