Finance & Economics | WPN World People News

Women outside a store in the town of Mianwali, in the northwestern part of Punjab Province, stand in mud up to their shins - mud left behind by floodwater which has now begun to recede - waiting to buy wheat flour, but are annoyed by the small quantities being doled out.

Chinese car maker Geely Holdings has formally completed the deal to buy Sweden's Volvo Cars.

A bunch of other housing indicators have been pointing to a weakening housing market lately, so rise in the Case Shiller index — up 1 percent compared with the previous month, and up 5 percent compared with May of '09 — was a bit of a surprise.

Next up on Washington's list of Economic Things to Fight Over: the Bush tax cuts. The cuts were passed as temporary measures in 2001 and 2003, and they're set to expire at the end of this year. Congress is trying to figure out what to do.

Average interest rates for 30-year and 15-year mortgages are at record lows in the US.

A new report says that cyber criminals attack millions of computers every month and infect approximately 10 percent of them.

Federal Reserve chairman Ben Bernanke has vowed to advance the jobs market if US unemployment worsens.

The United States government has made plans to freeze bank accounts which it believes are linked to North Korean transactions.

The U.S. airline industry is rebounding. For the sixth consecutive month, carriers brought in more money than they did last year.

US president Barack Obama has now signed America’s new financial regulations into law.