Cellphone providers take steps to deter thefts

Major cellphone providers have agreed to prevent stolen devices from being reactivated in their networks, fuelling hope among law-enforcement officers that the move will slow the surge in thefts of wireless devices.The anti-theft effort includes ...

5 big US banks cut mortgage balances by $6.3b

Five of the biggest United States (US) banks have cut struggling homeowners' mortgage balances by US$6.3 billion, part of a total US$26.1 billion in home-loan relief provided under a landmark settlement over foreclosure abuses.More than 309,000...

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