Mortgage and Financial News From 2008-6-4 Page 5
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Brussels concern at Northern Rock rescue package - Financial Times
Brussels has expressed serious reservations about the restructuring package put forward by the British government to save Northern Rock , the stricken mortgage lender, including fears that state aid could drag on for too long. The European Commission ...
2008-06-04 02:43:00 -
Lehman Takes a Licking - BusinessWeek
One day after investors in Lehman Brothers ( LEH ) had to weather a sell-off in shares of the brokerage firm, the stock tanked again. On June 3, Lehman shares fell nearly 10% on press reports that the company intended to raise $4 billion in fresh ...
2008-06-04 02:57:00 -
Advanced Micro, Ambac, Disney, Guess, UAL: U.S. Equity Movers - Bloomberg
June 4 (Bloomberg) -- The following companies are having unusual price changes in U.S. markets. Stock symbols are in parentheses after company names, and prices are as of 2:50 p.m. in New York. Advanced Micro Devices Inc. (AMD US) rose the most since ...
2008-06-04 12:27:00 -
Debt Settlement index climbs, but at a slower rate (The Business Journal of Phoenix)
Debt Settlement USA reports that its Consumer Debt Index climbed to 11.76 in first-quarter 2008 from 9.60 in second-quarter 2007, indicating an increasing burden of credit card, car payment, mortgage and other financial obligations.
2008-06-04 11:23:06 -
A chill wind (Guardian Unlimited)
Larry Elliott: The financial markets are in the same situation as Britain's trade unions during the winter of discontent, but there's little sign of reform to follow
2008-06-04 11:26:32 -
Phila. launches another effort to avoid foreclosures (Philadelphia Business Journal)
Philadelphia Mayor Michael Nutter Wednesday announced another program to help residents avoid losing their homes to foreclosure.
2008-06-04 12:04:31 -
The Trillion Dollar Countdown (Kitco.com)
Has anyone forgotten the national debt? And I don’t mean the yearly imbalance that merely makes up a fraction of the whole. We seem to discount this theme quite easily most of the time.
2008-06-04 01:21:51 -
San Francisco (The San Francisco Examiner)
A person with the Screen Actors Guild says the union has signed more than 300 waiver deals allowing members to work on films by independent producers even if actors strike.
2008-06-04 02:05:34 -
Lowenthal, Richardson Cruise To Primary Wins (gazettes.com)
Easy victories in every local race marked the results of Tuesday’s primary election.
2008-06-04 02:21:54 -
Asian Stocks Rise in U.S., Led by Honda, Nissan on Higher Sales (Bloomberg.com)
June 4 (Bloomberg) -- Asian stocks trading in the U.S. rose for the second time this week, led by Japanese automakers after reports of sales gains in the U.S. last month.
2008-06-04 03:07:32 -
Canadian home ownership at highest level since 1971 - Reuters
TORONTO, June 4 (Reuters) - Home ownership in Canada in 2006 was at its highest level since 1971, according to a Statistics Canada analysis released on Wednesday. More than two-thirds (68.4 percent) of Canadian households owned their dwelling in 2006 ...
2008-06-04 11:22:00 -
Bernanke Says Inflation Much Higher Than Fed Wants (Update1) - Bloomberg
June 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said increasing evidence the public expects prices to rise is a ``significant concern'' for the central bank. ``Some indicators of longer-term inflation expectations have risen in recent ...
2008-06-04 12:20:00 -
Market Manipulation--Or Just Business As Usual? (Forbes)
The answer is far from obvious.
2008-06-04 01:06:25 -
Philadelphia program fights mortgage foreclosure (Reuters via Yahoo! News)
The city of Philadelphia on Wednesday unveiled a plan to stop people losing their homes through mortgage foreclosure as more borrowers struggle to meet higher payments under adjustable-rate subprime loans.
2008-06-04 01:16:29 -
Indianapolis Maintains Title Of Nation's Most Affordable Housing Market (BuildingOnline)
WASHINGTON -- Indianapolis, Indiana maintained its standing as the most affordable major U.S. housing market for the 11th consecutive time in the first quarter of 2008, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released last month.
2008-06-04 01:20:44