Home affordability in Sydney tightens up

Home affordability in Sydney tightens up

AAP Risks of mortgage defaults in Sydney and Melbourne are growing as soaring house prices are matched with bigger loans and deteriorating affordability, ratings agency Moody's warns. Housing affordability has eroded in Australia's two biggest cities during the past year, as house prices rose sharply while wages remained flat. Sydneysiders living in two-income households are spending 35.1 per c…

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  • Kansas smokers unhappy with proposal for cigarette tax hike Associated Press - 15 hours ago

    Kansas smokers are upset about plans to sharply increase the cigarette tax to help fill a budget hole created by Gov. Sam Brownback's income tax cuts and say they will take their business to Missouri or ...

  • European authorities stop illegal horse meat network Associated Press - Sun, Apr 26, 2015 3:20 AM AEST

    European authorities say police in several countries have detained 26 people in a crackdown on an organized crime network accused of trading in illegal horse meat. Eurojust, the EU agency for judicial ...

  • Final Glance: Food companies Associated Press - Sat, Apr 25, 2015 10:08 AM AEST

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.01 or percent, to $37.52. General Mills Inc. rose $.09 or .2 percent, to $56.38. Hormel Foods Corp. fell ...

  • Final Glance: Tools and Appliances companies Associated Press - Sat, Apr 25, 2015 10:08 AM AEST

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. fell $.05 or .2 percent, to $26.80. Snap-On rose $1.21 or .8 percent, to $153.93. Stanley Works ...

  • Final Glance: Beverages companies Associated Press - Sat, Apr 25, 2015 10:08 AM AEST

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $1.22 or 1.0 percent, to $123.72. Coca-Cola Co. fell $.06 or .1 percent, to $40.89. Dr Pepper Snapple ...

  • Final Glance: Autos companies Associated Press - Sat, Apr 25, 2015 10:08 AM AEST

    Shares of some top autos companies were mixed at the close of trading: Ford Motor Co. rose $.01 or .1 percent, to $15.77. General Motors Co. fell $.33 or .9 percent, to $35.59. Honda Motor Co. rose $.26 ...

  • Midwest pheasant producers are anxious as bird flu spreads Associated Press - Sat, Apr 25, 2015 7:07 AM AEST

    Bill MacFarlane has been anxious since a case of a deadly bird flu strain was recently confirmed in domestic poultry just 50 miles from his southern Wisconsin farm, the largest pheasant operation in North ...

  • Midday Glance: Restaurant companies Associated Press - Sat, Apr 25, 2015 3:36 AM AEST

    Shares of some top restaurant companies are up at 1 p.m.: Brinker International Inc. rose $.45 or .8 percent, to $57.81. Chipotle Mexican Grill Inc. rose $1.66 or .3 percent, to $637.26. Darden Restaurants ...

  • Midday Glance: Consumer companies Associated Press - Sat, Apr 25, 2015 3:36 AM AEST

    Shares of some top consumer companies are mixed at 1 p.m.: Clorox rose $.18 or .2 percent, to $109.28. Colgate-Palmolive Co. rose $.04 or .1 percent, to $69.26. Kimberly-Clark Corp. fell $.08 or .1 percent, ...

  • Middday Glance: Tools and Appliances companies Associated Press - Sat, Apr 25, 2015 3:36 AM AEST

    Shares of some top tools and appliances companies are mixed at 1 p.m.: General Electric Co. fell $.06 or .2 percent, to $26.80. Snap-On rose $.97 or .6 percent, to $153.69. Stanley Works rose $.19 or .2 ...