Cadbury, the British candy maker, has rejected a renewed $16.4 billion hostile bid from Kraft Foods Inc. on Monday. Kraft refused to increase the previous offer and Cadbury is calling it a hostile bid.

BBC World Service has released the results of a new poll, which casts an interesting light on the comments of the GOP that the U.S. is headed toward socialism. According to the new poll, dissatisfaction with capitalism is widespread around the globe.

In an attempt to keep foreclosed families from becoming homeless, mortgage buyer Fannie Mae has come up with a program that will rent homes back to delinquent borrowers at market rates.

While Florida foreclosure numbers fell 6 per cent between the second and third quarter, the state still shows that approximately 1 out of every 158 homeowners is currently in some stage of the foreclosure process. While no one can give exact reasons for this slight decrease, some feel that additional short sales, along with the federal government’s push for mortgage modifications, has helped slightly in damming the foreclosure flood.

The unemployment claims website for the New York State Department of Labor is having some technical problems today. Shortly after 3pm EST, there was no access to the unemployment section of the New York State Department of Labor website.

When Pennsylvania governor Ed Rendell camt out of last night's SEPTA transit strike negotiations saying they had come to a tentative agreement, he didn't realize how tentative it was. Transport Workers Union Local 234 has counter-offered, saying they will end their strike, which began as soon as the Phillies left town for the remainder of the world series, if SEPTA agrees to binding arbitration.

Bank of America, widely recognized as the most uncooperative lender in short sale negotiations, has recently partnered with California-based Equator (REOTrans) to electronically process short sale transactions.

Old Navy $10.00 off coupons, Black Friday deals and store hours of operation for Thanksgiving weekend were released. Free Rock Band Guitar with purchase, jeans, sweaters, Free Lego Rock Band Video Game, plus many other sale offers were listed.

Southwest Airlines has long been an efficiently run company with a focus on an environmental commitment. Southwest strives to be as productive as possible while minimizing waste and protecting the Earth and now has a new "green plane" to add to their innovative approach to business and respect for the environment.

The Nintendo Wii has lost some of its luster, but the key to its success so far is: fun. And from now until November 29th, Papa John's customers can enter daily for a chance to 300 packages which include a Nintendo Wii, Wii Sports Resort, an extra Wiimote, an extra Nunchuk, and an extra Wii MotionPlus, which retail together for about $330.

Yesterday we heard the news that the First Time Homebuyer Tax credit that was slated to expire on November 30th, 2009 is being extended until next spring. Future homeowners need to get under contract before May 1st 2010 to take advantage of the extension. This is great news for realtors, mortgage people and most of all buyers in light of the current low mortgage rates.