The Consumer Financial Protection Bureau unveiled redesigned forms that mortgage borrowers would get after applying for a loan but before closing on the house. The forms would be available three days before closing.
The proposal aims to prevent costly surprises and help people understand the true cost of a loan. It also increases protections for consumers who take out higher-cost mortgages.
Intel takes stake in ASML
AMSTERDAM (AP) â¿¿ ASML Holding NV, the world's largest supplier of equipment to computer chip manufacturers, says Intel Corp. will take a 15 percent stake in the company to help fund research into new technologies, and other large ASML customers may also do the same.
In an emailed statement Monday, ASML said it may issue up to â¿¬4.19 billion ($5.15 billion) worth of new shares â¿¿ a 25 percent expansion.
Intel said in a statement it will hold a total of 15 percent of ASML's issued shares, and the total equity investment will be â¿¬2.5 billion ($3.07 billion).
Windows 8 computers to go on sale in October
SAN FRANCISCO (AP) â¿¿ Computers running on the next version of Microsoft's Windows operating system will go on sale in October.
Microsoft Corp. announced the time frame for Windows 8's mass-market release Monday in Toronto. A specific sales date in October wasn't provided.
Most industry analysts expected Windows 8 would go on sale in the fall to ensure that the machines running on the operating system would be available for the holiday shopping season. Consumers and businesses who don't want to buy new computers will be able to buy Windows 8 and upgrade their systems.
Patriot Coal files for bankruptcy reorganization
NEW YORK (AP) â¿¿ Patriot Coal Corp. is filing for Chapter 11 bankruptcy protection to restructure its business as it deals with reduced demand for coal and rising costs.