Mortgage and Financial News From 2008-7-17 Page 2
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Huntsman, Countrywide, TNK-BP, Siemens, Merck in Court News (Bloomberg.com)
July 18 (Bloomberg) -- A Huntsman Corp. shareholder sued Hexion Specialty Chemicals Inc., saying she was defrauded when the Apollo Management LP unit backed out of buying Huntsman, a Salt Lake City-based chemical maker.
2008-07-17 10:29:33 -
Be careful, and other new guidelines (The Globe and Mail)
Proposals a sign of just how far the banking system strayed from basic principles of monitoring and controlling risk
2008-07-17 10:43:52 -
Dollar Heads for Weekly Gain as Banks Weather Credit Turmoil (Bloomberg.com)
July 18 (Bloomberg) -- The dollar headed for a weekly advance against the euro, rebounding from a record low on signs U.S. investment banks will withstand credit-market losses arising from the nation's subprime mortgage collapse.
2008-07-17 10:52:43 -
Illinois job losses mount in June (Daily Herald)
Jayne Huseman of Naperville got a job just after earning her civil engineering degree and soon was promoted to construction project manager at a site-development firm.
2008-07-17 10:44:24 -
Lawmakers Want Fannie-Freddie Aid Tied to Debt Limit (Update1) (Bloomberg.com)
July 18 (Bloomberg) -- Democratic lawmakers sought to put a constraint on the Treasury's request for unlimited power to buy and lend to Fannie Mae and Freddie Mac , a step that didn't temper Secretary Henry Paulson 's optimism about a deal.
2008-07-17 10:44:38 -
(AFX UK Focus) 2008-07-18 06:35 Merrill Lynch rating affirmed at 'A/A-1'; outlook negative - S&P (Interactive Investor)
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it affirmed its ratings on Merrill Lynch & Co. Inc. at 'A/A-1' the company's announcement of a large net loss from continuing operations of $4.6 billion for second-quarter 2008.
2008-07-17 10:46:24 -
Questions Answered At Town Hall (Queens Chronicle)
Foreclosures, water bills, building violations, education, public safety, flooding and raccoons were among the issues discussed at a nearly two-hour town hall meeting in Woodhaven on Monday night.
2008-07-17 10:53:08 -
Wipro Profit Rises 14%, Missing Estimates on Orders (Update2) (Bloomberg.com)
July 18 (Bloomberg) -- Wipro Ltd. , India's third-largest software-services provider, reported first-quarter profit that rose less than analysts estimated, after customers cut spending amid a global economic slowdown.
2008-07-17 10:47:34 -
Sale signals new development in current world market turmoil - Financial Times
Merrill Lynch is signalling a new chapter in the current round of global financial turmoil with its efforts to sell its shares in Bloomberg, the financial information group, and BlackRock, the money manager. Until recently, faltering financial ...
2008-07-16 11:18:00 -
Around the nation (Houston Chronicle)
Regulators investigating Wachovia Securities' auction rate securities sales practices, went to the company's St. Louis headquarters and requested its documents and records.
2008-07-17 10:51:42 -
Freddie Mac Considers $10B Stock Sale to Stave Off Rescue (Fox News)
Mortgage giant Freddie Mac — emboldened by emergency regulatory actions that have triggered a two-day rebound in its battered stock — is considering raising capital by selling $10 billion in new shares to investors, The Wall Street Journal reports.
2008-07-17 10:55:56 -
How Much House Can You Afford? - Walletpop.com
To determine how much of a home you can afford, you need to calculate your expected monthly payment. Most of your payment will go toward loan principal and interest, also called P+I . However, your monthly payment is also likely to include amounts ...
2008-07-14 05:59:00 -
HERCULANEUM: Mortgage company makes vet's dream come true (Jefferson County Journal)
Don Minzer was running out of patience. Minzer, 41, a 100-percent disabled veteran of the Navy, had been trying to secure a mortgage for a home in Herculaneum.
2008-07-17 10:56:46 -
Spending can be reduced, but high interest rates mean cost of debt ... - Omaha World-Herald
Forget about the rising price of gas or groceries. Debt is the financial killer for many families, although escalating prices do add to people's money problems. "I think for someone with debt it's going to be much more difficult," said Don Leu ...
2008-07-17 10:20:00 -
Why inflation is overstated and rates should be cut - Business Day South Africa
WE ALL tend to assume that published economic data accurately reflect developments in the economy. Unfortunately, the make-up of an economy changes over time, and so official statistics need to be updated periodically to reflect the changes. Most ...
2008-07-17 09:59:00