Mortgage and Financial News From 2008-7-17 Page 12
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Rate cuts may fail to ease home loan pain (The Australian)
IT was a simpler world in December 2001, when home owners were last able to celebrate a fall in their variable mortgage rates after a 25 basis point cut in official rates.
2008-07-16 07:00:00 -
10 Tips: Watch out for TV pitchmen (MSNBC)
The services being offered in most of these ads are not in your best interest at all. To protect yourself, consider these tips.
2008-07-16 11:33:26 -
Mission West Properties Announces Second Quarter 2008 Operating Results (PR Newswire via Yahoo! Finance)
Mission West Properties, Inc. reported today that Funds From Operations for the quarter ended June 30, 2008 was approximately $13,049,000, or $0.12 per diluted common share, as compared to approximately $15,954,000, or $0.15 per diluted common share, for the same period in 2007.
2008-07-16 11:45:00 -
CommBank not interested in St George (Adelaide Now)
THE Commonwealth Bank has ruled out making a rival bid for BankSA's parent, St George.
2008-07-16 05:10:00 -
ACA Capital wins further forbearance (Baltimore Sun)
ACA Capital Holdings Inc., the bond insurer being run by regulators after subprime-mortgage losses, won another forbearance agreement to unwind $60 billion of credit-default swap contracts that it can't pay, the company said late Tuesday. ACA, which ceded some control of its operations to the Maryland Insurance Administration, extended an agreement that waives collateral requirements, policy ...
2008-07-17 12:34:05 -
Huntington Bancshares Reports 2008 Second Quarter Net Income of $101.4 Million, or $0.25 Per Common Share (PR Newswire via Yahoo! Finance)
Includes a net negative impact of $0.03 per common share from
2008-07-17 04:30:00 -
The Bank of Japan leaves rates unchanged at 0.5% - FXStreet.com
FXstreet.com (Barcelona) – The Bank of Japan’s monetary policy Committee has decided unanimously to leave interest rates on hold at the current 0.5% on a context of slowing economy and fast growing inflation. Board members have also reviewed ...
2008-07-15 12:25:00 -
Rates keeping inflation in check, says RBA - News.com.au
HIGHER petrol prices and tighter financial market conditions are working to slow demand and restrain inflation, minutes of the RBA's board meeting said. At the July 1 meeting, the Reserve Bank of Australia (RBA) voted to leave official interest rates ...
2008-07-14 10:16:00 -
PNC Earns $505 Million and $1.45 Diluted EPS in Second Quarter - MSN MoneyCentral
Net income up 19 percent compared with second quarter 2007 PITTSBURGH , July 17 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. PNC today reported net income of $505 million , or $1.45 per diluted share, for the second quarter of ...
2008-07-17 03:43:00 -
Virginia Commerce Bancorp, Inc. Reports Second Quarter Results - MSN MoneyCentral
Net income of $4.9 million, representing a 28.5% decrease from second quarter 2007; a sequential increase of 18.6% over first quarter Diluted earnings per share down 28.0% to $0.18 Total non-performing assets and loans past due 90+ days rising to 1 ...
2008-07-17 03:00:00 -
EU asks Italy to return illegal state aid given to Poste Italiane - CNBC
BRUSSELS (Thomson Financial) - The European Commission said remuneration paid to Poste Italiane, the Italian post office, for distributing postal bonds, was illegal under EU state aid rules and must be paid back. Neelie Kroes, European Commissioner ...
2008-07-17 03:08:00 -
Australia Central Bank Says Rates Restraining Economy (Update3) - Bloomberg
July 15 (Bloomberg) -- Australian central bank said borrowing costs at a 12-year high are restraining the economy and will slow inflation, suggesting interest rates will be left unchanged this year. Current policy settings are ``exerting the ...
2008-07-14 11:21:00 -
China says inflation in June falls to 7.1 percent; could ease pressure ... - Baltimore Sun
BEIJING (AP) _ China's inflation rate fell to 7.1 percent in June but is still "fairly high" and the country faces pressure for more price rises due to high costs for energy, grain and industrial materials, the government said Thursday. "We are still ...
2008-07-17 04:26:00 -
Current accounts cost bank users £152 a year - OFT - Guardian Unlimited
No such thing as free banking, with charges for overdrawing and low interest rates costing us nearly £8.3bn. Photograph: Alamy Free banking in the UK is a myth and customers are each paying £152 a year to their bank for using a current account, the ...
2008-07-17 03:22:00 -
UK competition watchdog says it wants to overhaul market in personal ... - International Herald Tribune
LONDON : Britain's competition watchdog said Wednesday that it would consider regulating the market in personal bank accounts if banks don't make their charges and interest rates clear. The Office of Fair Trading said current accounts were complex ...
2008-07-16 12:38:00