Rates deflate

Mortgage rates fell to the latest record lows, with rates on 30-year fix ed-rate mortgages aver aging 4.49 percent for the week through yesterday, down from 4.54 percent a week earlier and 5.22 per cent a year ago, Freddie Mac said.

RIM talks

Talks between Research In Motion and the Saudi telecom regulator made progress toward a final resolution, for which tech nical solutions will be hammered out today, a source said, as the US and Canada tried to head off possible BlackBerry bans in other countries.

Claims up

New US claims for un employment benefits un expectedly rose 19,000 to a seasonally adjusted 479,000, the highest level since early April, the Labor Department said.

GM deals

General Motors is reinstating 725 dealers it tried to oust from its net work, leaving it with 4,500 dealerships, down from 6,049 in June 2009.

Porsche sale

The US government must sell a Porsche it seized from Kenneth Marsh, owner of Gryphon Holdings, who was in dicted in a $17.5 million se curities fraud, and give him $5,000 for a used car.