A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments. The percentage of mortgage holders at least two months behind on their payments fell by 21 percent in the first three months of this year versus the same period in 2012, credit reporting agency TransUnion said Wednesday. The sharp annual decline in the mortgage delinquency rate represents the biggest quarterly drop on record for TransUnion, whose data go back to 1992. The delinquency rate was 4.56 percent in the first quarter. That's down from 5.78 percent in the prior-year quarter, TransUnion said.
McDonald's sales down in Europe, Asia
McDonald's said Wednesday that a key sales figure slipped again in April, with the world's biggest hamburger chain citing fears over a new strain of avian flu for weakness in China. The Oak Brook, Ill.-based chain said the figure was down 0.6 percent globally. That included a 0.7 percent increase in the U.S. and a 2.4 percent decline in Europe, its biggest market by sales. In the region encompassing Asia, the Middle East and Africa, it was down 2.9 percent.
Mayer says Yahoo policy well-received
Yahoo Chief Executive Officer Marissa Mayer said that recent changes in the company's work-from-home policy — faulted by advocates of flexible job arrangements — were well-received internally. “I didn't mean for it to become an industry narrative,” Mayer said this week at a conference sponsored by Wired magazine. “We were just saying, it's not right for us right now. Everyone at Yahoo works in teams. I heard from a lot of people all around the company that the fact that our team is distributed causes drag.” Mayer also said that she aims to create what she calls the “Reese's peanut butter effect” of helping people from different disciplines come together to create cool new things. “That only happens when people come together,” she said at the conference.