Mortgage and Financial News From 2008-6-16 Page 11
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Answer Desk: The consumer squeeze - MSNBC
Is an extra couple of hundred dollars at the gas pump enough to break the budget of the average American? By itself, maybe not. But rising gas prices are just the latest in a series of blows that have consumers tightening their belts. I have mortgage ...
2008-06-15 02:08:00 -
Barclays surges on stock sale plans - The Age
Barclays, the UK's fourth-biggest bank, rose the most in 16 years in London trading after saying it may sell stock to strengthen capital and reporting that earnings last month were better than a year ago. Barclays gained as much as 13% after it ...
2008-06-16 01:35:00 -
Flaherty confident in surplus despite IMF - Globe and Mail
"Separately, Mr. Flaherty said he continues to lobby General Motors Corp. to start production of third vehicle at a plant in Oshawa to offset the closing of the company's truck plant in that city. The finance ministers, whose riding includes part of ...
2008-06-15 10:44:00 -
U.K. Shares Including Unilever, Cadbury Decline; Barclays Rises - Bloomberg
June 16 (Bloomberg) -- U.K. stocks including Unilever Plc and Cadbury Plc fell after UBS AG recommended selling shares in the companies, saying slowing sales in emerging markets and narrower margins in developed markets may hurt profit. Barclays Plc ...
2008-06-16 01:35:00 -
Bond denied for 2 drug defendants - New Orleans Times-Picayune
GULFPORT, Miss. (AP) — Two people accused of distributing prescription narcotics to people who didn't need them have been denied bond for a second time by a judge. Dr. Thu-Hoa Van and pharmacist Nick Tran are accused in connection with a case ...
2008-06-14 09:23:00 -
Reverse mortgages are not for everyone (The Kansas City Star)
If you are approaching or already in your 60s you’re probably hearing a lot these days about reverse mortgages.
2008-06-14 08:38:43 -
Hit by losses, AIG replaces CEO (TurkishPress.com)
American International Group (AIG), the world's largest insurer, has sacked chief executive Martin Sullivan after a bumpy three-year tenure which saw record losses and plummeting share prices.
2008-06-16 03:33:15 -
G8 resists expectations to prop up U.S. dollar (The Globe and Mail)
While weak greenback fuels U.S. inflation, hurts Canadian, European exports, there's a reluctance 'to interfere with a market currency.'
2008-06-16 01:47:42 -
State bankruptcies at highest rate in 6 months (Honolulu Advertiser)
Bankruptcy filings rose at the fastest pace in six months in May, as people fell behind on credit card, mortgage and other payments.
2008-06-16 04:18:23 -
G8 resists expectations to prop up U.S. dollar (The Globe and Mail)
OSAKA, JAPAN -- Finance ministers from the Group of Eight industrialized nations shied away from discussing action to prop up the battered U.S. dollar, whose plunge is stoking inflation in the world's largest economy while hurting factories in Europe and Canada.
2008-06-16 03:02:55 -
Morgan, Goldman prep for Q2 write-downs (Crain's New York Business)
Morgan Stanley is expected to post $3 billion in second-quarter write-downs this week, while Goldman Sachs is slated to write down $1.8 billion for the second quarter.
2008-06-16 03:05:30 -
House prices: Market 'could take years to recover' (Guardian Unlimited)
Society of Business Economists says it will take four years for prices to bounce back, as Nationwide puts up rates on its fixed-rate and tracker deals
2008-06-16 03:41:02 -
House price recovery 'years away' (Guardian Unlimited)
Society of Business Economists says it will take four years for housing market to bounce back
2008-06-16 03:55:27 -
Ahead of the Bell: Analysts react to AIG shake up (AP via Yahoo! Finance)
American International Group Inc.'s decision to part ways with its chief executive on Sunday got mixed reactions among Wall Street analysts, with one saying the shake up does little to change the credibility of the world's largest insurer.
2008-06-16 04:32:17 -
Lender puts up mortgage rates again (Channel 4)
Nationwide Building Society has increased some of its mortgage rates for the second time in two weeks. The group is raising its fixed-rate deals and some of its tracker mortgages by between 0.2% and 0.5%.
2008-06-16 03:56:37