Mortgage and Financial News From 2008-7-17 Page 8
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Wachovia Inspected by States Over Auction-Rate Sales (Update2) - Bloomberg
July 17 (Bloomberg) -- Wachovia Corp. 's securities division was inspected by a team of regulators from more than five states who delivered more than a dozen subpoenas today as part of a probe into the company's sales of auction-rate bonds ...
2008-07-17 10:17:00 -
Horizon Bank net earnings drop on interest squeeze - MSN MoneyCentral
Second quarter 2008 earnings at Horizon Bancorporation Inc. were $238,000, or 13 cents a share, compared to earnings of $411,000, or 21 cents a share, in the second quarter of 2007. Year to date earnings are $538,000, versus $712,000 for the first ...
2008-07-17 09:13:00 -
Composite interest rate in Hong Kong rises to 0.85% in June - Xinhua News Agency
HONG KONG, July 17 (Xinhua) -- The composite interest rate in the Hong Kong Special Administrative Region rose to 0.85 percent at the end of June, from 0.75 percent at the end of May, the Hong Kong Monetary Authority said Thursday. Following a drop ...
2008-07-17 09:13:00 -
Mortgage rates fall for a second week - CNN Money
NEW YORK (CNNMoney.com) -- Rates on 30-year fixed mortgages fell for the second week in a row on increased speculation that the Federal Reserve will not raise interest rates before the end of the year, according to mortgage backer Freddie Mac ...
2008-07-17 09:56:00 -
Inflation, low demand may dent India cos' profit (The Economic Times)
Firms are headed for a bumpy ride in '08, as rising inflation, high borrowing costs and slowing demand pull down growth. Invest during inflation? | Tips for investments
2008-07-17 10:38:52 -
Govt does figures on student grant for all (The New Zealand Herald)
Revelations the Government has sought costings on a universal tertiary student allowance has reignited debate on whether it is a good idea. Student groups have long called for all tertiary students to get an allowance, as is NZ First and Green Party policy.
2008-07-17 10:40:38 -
As oil prices beat retreat, hopes rise for relief (The Pantagraph)
Oil prices fell sharply Wednesday for the second consecutive day, and the cumulative drop of $10.58 a barrel for crude has sparked hopes that this year’s steep rise in prices finally may be reversing.
2008-07-17 10:45:08 -
France—2008 Staff Visit, Concluding Statement (IMF)
France is indeed "on the move." But global headwinds have strengthened. Now is the time to press on the accelerator in implementing the ambitious strategy to shift the country to a more rapid growth path, while also decisively preparing the public finances for the future.
2008-07-17 10:45:18 -
Title loan backfires on Pontiac man (The Pantagraph)
PONTIAC -- Joseph Ledford was desperate when he obtained a $965 loan from Title Cash of Illinois in Normal two years ago.
2008-07-17 10:45:58 -
Canada Says Prices to Top Upper Target Until Mid-`09 (Update2) (Bloomberg.com)
July 17 (Bloomberg) -- The Bank of Canada said inflation will exceed the top of its target range until the second quarter of 2009 and the current benchmark interest rate is ``appropriate'' to slow prices as energy costs stabilize.
2008-07-17 10:46:22 -
Securities regulators raid Wachovia headquarters (9:45 a.m.) (The Record)
CHARLOTTE, N.C. (AP) — Securities regulators from several U.S. states today raided the St. Louis headquarters of Wachovia Securities, seeking documents and records on the company’s sales practices.
2008-07-17 10:47:23 -
Study finds Americans tapping into retirement funds (WZZM 13 Grand Rapids)
Study finds Americans tapping into retirement funds
2008-07-17 10:48:01 -
Reuters Canada Business Summary (The Globe and Mail)
OTTAWA (Reuters) - Soaring oil prices will push Canada's inflation higher until it peaks at 4.3 percent in early 2009, the Bank of Canada said on Thursday, while this year's second-quarter economic growth is expected to come in at 0.8 percent, stronger than previously thought.
2008-07-17 10:48:26 -
Nationalization, Fiasco, USDollar, Gold (GoldSeek.com)
A grotesque grandiose nationalization initiative is gradually being forced upon the USEconomy, US financial system, US political system, and the hapless US citizenry. Its crucible for construction comes from the desperate situation unfolding for the banks, the mortgage holders, and homeowners.
2008-07-17 10:51:55 -
Triad Guaranty Announces the Retirement of Mark K. Tonnesen; William ... - Earthtimes
Author : Triad Guaranty Inc. WINSTON-SALEM, N.C. , July 17 -- Triad Guaranty Inc. (Nasdaq: TGIC) announced today that its President and Chief Executive Officer, Mark K. Tonnesen , will retire from the company on August 15, 2008 . William Ratliff ...
2008-07-17 05:52:00