Mortgage and Financial News From 2008-6-24 Page 5
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Dollar Little Changed Before Fed Meets to Decide Interest Rates (Bloomberg.com)
June 25 (Bloomberg) -- The dollar was little changed against the euro and yen before a U.S. Federal Reserve meeting at which policy makers are forecast to keep borrowing costs unchanged, ending a run of seven interest-rate cuts.
2008-06-24 05:35:11 -
Totting up the tiddlers to reach No 6 (Daily Telegraph)
Clive Cowdery's move on Bradford & Bingley has revived City talk about rolling up the weak players to create a sixth major bank.
2008-06-24 05:40:23 -
Thornburg ticks down again - MSN MoneyCentral
Thornburg Mortgage Inc. saw its common stock slide once again Tuesday, losing 13 percent of its value. The stock (NYSE:TMA), which closed at 23 cents a share Monday, finished the day at 20 cents a share after trading as low as 19 cents. The stock has ...
2008-06-24 02:12:00 -
Closing the book on Countrywide - CNN Money
NEW YORK (CNNMoney.com) -- Time will tell if Bank of America's purchase of Countrywide Financial Corp. winds up being a bargain or a boondoggle. Shareholders of the troubled mortgage lender are widely expected to approve Bank of America's ( BAC ...
2008-06-24 01:07:00 -
SEC Wants Investors to Reduce Reliance on Ratings (Update1) - Bloomberg
June 24 (Bloomberg) -- The U.S. Securities and Exchange Commission, responding to losses on top-rated mortgage securities, will push investment funds to rely on criteria such as an asset's liquidity and risk instead of credit rankings. The SEC will ...
2008-06-24 02:48:00 -
FACTBOX-Comparison of US Senate, House mortgage rescue - Reuters
WASHINGTON, June 24 (Reuters) - The U.S. Senate on Tuesday cleared the way for passage of a housing rescue package that would create a multibillion dollar mortgage rescue fund and give billions more in aid to communities hit by a wave of foreclosures ...
2008-06-24 01:58:00 -
Countrywide vote on B of A merger to end mortgage era - Reuters
BANGALORE, June 24 (Reuters) - Countrywide Financial Corp shareholders vote on Wednesday to approve the largest U.S. mortgage lender's purchase by Bank of America Corp, marking the demise of the company perhaps most closely associated with the nation ...
2008-06-24 02:41:00 -
Sector roundup: Internet, mortgage insurers - CNN Money
NEW YORK (AP) _ Major Internet stocks traded mostly lower Tuesday, with Yahoo Inc. rising after reports that the Internet icon is again looking into a possible deal with Microsoft Corp. after the companies' talks ended earlier in June. NEW YORK (AP ...
2008-06-24 02:41:00 -
Using employee's e-mail against them (The Globe and Mail)
Description is not available
2008-06-24 03:21:21 -
Using employee's e-mail against them (The Globe and Mail)
Two Bear Stearns executives learned a hard lesson this week: If you're going to say something inappropriate, don't write it in an e-mail. An online exchange between fund managers Matthew Tannin and Ralph Cioffi questioned the performance of certain funds in which they were investing clients' money.
2008-06-24 03:32:26 -
Seattle-Area Residents, Workers Protest Capital Injection into WaMu Led by Buy-Out Firm TPG, Call Deal Risky for ... (PR Newswire via Yahoo! News)
With Washington Mutual (WaMu) shareholders set to vote on a $7 billion deal that will give private equity buy-out firm Texas Pacific Group (TPG) and a select group of investors more than half the thrift institutions stock shares, Seattle-area residents and workers are protesting the deals potentially toxic impact on consumers and the economy today. Wearing HazMat suits and carrying signs, ...
2008-06-24 04:08:00 -
Canadian Insurance Heating Up (Forbes)
Bank stocks around the world are bruised for good reason. A good way back into financials is via Canadian insurers.
2008-06-24 04:11:11 -
Who's Lending To Whom In Manhattan—And Why (The New York Observer)
Manhattan property investors are in a funk. Their friends at the investment banks have empty pockets or fresh pink slips. Financing for large deals is scarce. And industry heavyweights are for once publicly bearish. Peter DeCheser , managing director of capital markets for Jones Lang LaSalle , said using the word “somber” to describe the mood “might be euphemistic.” “We’re in ...
2008-06-24 04:17:55 -
Standard & Poor's Announces Changes to U.S. Indices (Broadcast Newsroom)
-- Scripps Networks Interactive Inc. (NYSE: SNIwi) will replace E.W. Scripps Co. (NYSE: SSP) in the S&P 500, and the new E.W. Scripps Co. (NYSE: SSPwi) will replace BankUnited Financial Corp. (Nasdaq: BKUNA) in the S&P SmallCap 600 after the close of trading on Monday, June 30 . E.W. Scripps is spinning off Scripps Networks Interactive in a transaction expected to go ex- dividend on Tuesday, ...
2008-06-24 04:23:28 -
UA's Vest calls this 'full-blown recession' (Explorer News)
Randy Metcalf/The Explorer , Oro Valley Marketplace, at Tangerine and Oracle roads is a veritable beehive of activity. Stores are slated to open in September.
2008-06-24 04:27:15