Mortgage and Financial News From 2008-6-4 Page 11
Previous Day: 2008-06-03
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U.S. mortgage applications index hits 6-year low (The Globe and Mail)
Demand for home refinancing loans plunges
2008-06-04 04:50:51 -
Pound Falls on Bets Inflation Prevents Rate Cut to Stoke Growth (Bloomberg.com)
June 4 (Bloomberg) -- The pound fell to a two-week low against the dollar on speculation accelerating inflation will prevent the Bank of England cutting interest rates tomorrow to bolster the U.K. economy.
2008-06-04 05:05:55 -
Barclays, SocGen Fall After Fitch Cites Capital Needs (Update1) (Bloomberg.com)
June 4 (Bloomberg) -- Societe Generale SA, BNP Paribas SA and Barclays Plc fell in European trading after Fitch Ratings said they may need to raise more capital as their finances weaken.
2008-06-04 05:15:43 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
United to cut staff, planes as fuel rises
2008-06-04 05:32:23 -
UK's first ever 'divorce fair' to cater for soaring numbers of couples splitting up (Daily Mail)
The UK's first divorce fair is to be staged to help parting couples break-up as painlessly as possible, its organiser said today.
2008-06-04 05:46:42 -
Babcock & Brown Power refinances, but challenges remain - News.com.au
BABCOCK & Brown Power shares made up some lost ground today after it refinanced part of its debt, but more funding hurdles remain. In a promising sign that it could source capital from major banks amid a global credit crunch, BBP announced today it ...
2008-06-03 08:28:00 -
Arcapita could sell Northern Ireland electricity supplier Viridian - Daily Telegraph
Bahrain-based investment group Arcapita is weighing up options for Viridian, Northern Ireland's main electricity supplier, less than 18 months after buying it. Arcapita has asked investment bank Dresdner Kleinwort to carry out a review of the ...
2008-06-03 07:09:00 -
UTV set to raise £50m rights issue - Financial Times
UTV Media is raising nearly £50m in fresh equity capital in the face of “worsening financial market conditions”. The opportunistic move on Wednesday could herald rights issues from other companies also looking to refinance debt at a time when ...
2008-06-04 02:11:00 -
ResCap Extends Exchange Offer, $9.5 Billion Tendered (Update1) - Bloomberg
June 4 (Bloomberg) -- Residential Capital LLC, the distressed mortgage-finance company owned by GMAC LLC, extended the deadline for its $14 billion bond exchange and buyback until 9 a.m. today as it seeks to refinance credit facilities. The offer was ...
2008-06-04 04:42:00 -
QUICK POLL (GlobeSt.com)
LOS ANGELES-Rexford Industrial LLC, a specialist in industrial investing and repositioning, plans to refinance 32 properties totaling 2.4 million sf for $239 million or more in permanent financing.
2008-06-04 04:32:34 -
Reuters Business Summary (Reuters via Yahoo! Philippines News)
UAL to announce more fleet, job cuts: report
2008-06-04 04:35:05 -
U.S. mortgage applications index hits 6-year low (The Globe and Mail)
NEW YORK — U.S. mortgage applications fell for a third consecutive week, reaching its lowest level in over six years as demand for home refinancing loans plunged, an industry group said Wednesday.
2008-06-04 04:38:45 -
Game on: McCain-Obama on economy (CNN Money)
Barack Obama's emergence as the presumptive Democratic nominee on Tuesday sets the stage for a sharp partisan debate over the issue weighing most heavily on voters: the economy.
2008-06-04 04:45:49 -
U.S. mortgage applications index hits 6-year low (The Globe and Mail)
Demand for home refinancing loans plunges
2008-06-04 04:50:51 -
Fitch assigns GGICO's $600m EMTN programme expected 'BBB' Rating (AME Info)
Fitch Ratings has assigned Dubai-based diversified industrial Gulf General Investment Company P.S.C.'s (GGICO) senior notes under the upcoming $600m EMTN programme an expected senior unsecured 'BBB' rating.
2008-06-04 04:58:07