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SBA starting new lending program for veterans
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 2:41 am, Tuesday, May 21, 2013
NEW YORK (AP) — The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans.
Mills said the new program is designed to complement SBA programs aimed at training veterans so they'll be able to start and run businesses and obtain loans.
Many of the veterans who have returned from Iraq and Afghanistan have started companies, and many have decided to open franchises, said Rich Bradshaw, the head of SBA lending at TD Bank, one of the agency's lending partners.
British inflation eases by more than expected
LONDON (AP) — Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.
The drop in inflation hit the pound, as investors speculated that it may prompt the central bank to enact another monetary stimulus soon.
In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that Yiannis Maratheftis had written a book detailing his experiences. The book was about Maratheftis' experiences, but not written by him. It was written by Panikos Neocleous.