Friday, October 26, 2012

Underwater and locked in

MARKETWATCH FRONT PAGE

Many struggling homeowners are locked into �underwater� mortgages and finding they can�t sell their home and move to better jobs -- the growing problem is raising a debate over what, if anything, the government can do. See full story.

U.S. stock indexes pause after win streak

U.S. stocks are nearly unchanged as Europe prepares to seal Greece�s rescue package and after China reports a large monthly trade deficit. See full story.

Monday�s biggest gaining and declining stocks

MarketWatch�s daily rundown of shares making sizable moves in the U.S. market. See full story.

China�s yuan nearing fair value: PBOC�s Zhou

China�s central bank governor says the yuan is approaching fair value against foreign currencies, while also pointing out it is too early to tell if the nation�s trade deficit in February is the start of a important trend. See full story.

Civil war over, Sri Lanka tourism blossoms

Almost three years after a stubborn insurgency was brought to a bloody but conclusive end, Sri Lanka�s tourism industry is booming as international leisure travelers and hospitality industry operators alike take a new look at this enchanting island nation. See full story.

MARKETWATCH COMMENTARY

Instead of acknowledging that banks have become a part of government, we keep pretending they are private institutions, writes David Weidner. See full story.

MARKETWATCH PERSONAL FINANCE

Higher fees are sneaking into the overall cost of most mortgages. But given ultralow interest rates these days, it�s likely few borrowers will notice. See full story.

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