Paper gold fight escalates: Las Vegas firm challenges CFTC power

Las Vegas-based Hunter Wise Commodities on Wednesday categorically denied allegations of fraud leveled against it by the U.S. Commodity Futures Trading Commission, sticking to its argument that the CFTC lacks jurisdiction over its gold and metals investment business. Hunter Wise, and two key principals, were named with 11 other companies as defendants in a federal […] [Read More]
Categories: General, Regulatory

Sikorsky all alone in hunt for Air Force’s 112 helicopter order

Several outlets, including Aviation Week and Reuters are reporting EADS, Northrop Grumman and Boeing have all decided to drop out of the U.S. Air Force’s competition for a new combat search and rescue helicopter, leaving Sikorsky as the sole bidder. Calls to the companies were not immediately returned Wednesday. The Air Force released its request […] [Read More]

Refinance rush as mortgage rates set a new low

The Mortgage Bankers Association said Wednesday mortgage rates set a record low in the nation, with a fixed-rate, 30-year mortgage averaging about 3.47 percent for the week ended Dec. 7. Mortgage activity was up last week by 6.2 percent compared to the prior week, with the increase due primarily to refinancing activity, which now accounts […] [Read More]