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General Business News - US home loan demand rises despite higher rates (Reuters) Reuters

US home loan demand rises despite higher rates (Reuters)

A view of a neighborhood in the town of Superior, Colorado, a Denver suburb February 27, 2006. Mortgage applications rose for the first time in four weeks, led by a rebound in home purchase loans despite interest rates hitting their highest this year, an industry trade group said on Wednesday. (Rick Wilking/Reuters)Reuters - U.S. mortgage applications rose for the first time in four weeks, led by a rebound in home purchase loans despite interest rates hitting their highest this year, an industry trade group said on Wednesday.

Time Warner profit rises on cable; AOL disappoints (Reuters)

The Time Warner Inc. headquarters building at Columbus Circle in New York is seen in this October 13, 2005 file photo. Time Warner, the world's largest media company, on May 3, 2006 said quarterly profit rose, with strong growth in cable television and high-speed Internet subscribers. (Nicholas Roberts/Reuters)Reuters - Time Warner Inc. on Wednesday said quarterly profit rose, helped by strong cable subscriber growth, but revenues missed Wall Street expectations as its AOL Internet service lost customers.

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