Mortgage and Financial News From 2008-6-9 Page 4
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Stocks lower at noon - News.com.au
THE share market was down more than two per cent at noon, as the banks led declines after US investment bank Lehman Brothers announced overnight it expects an unprecedented second-quarter loss. At 12pm (AEST), the benchmark S&P/ASX200 index was down ...
2008-06-09 07:30:00 -
House sales fall to record low - Western Telegraph
The number of homes changing hands has fallen to a record low as potential buyers continue to stay away from the market, figures have showed. The Royal Institution of Chartered Surveyors (RICS) said chartered surveyor estate agents sold an average of ...
2008-06-09 07:38:00 -
Lehman losses prompt share sale - BBC Business
US investment bank Lehman Brothers is raising $6bn (£3bn) to boost its finances after predicting a loss in the second quarter of 2008. The firm expects a $2.8bn loss compared with $1.3bn profit a year earlier, due to the US sub-prime mortgage ...
2008-06-09 05:14:00 -
More Pain Ahead for UBS? - Wall Street Journal
ZURICH -- Investors are bracing for more write-downs on mortgage securities from Switzerland's UBS AG after prices for such holdings have worsened dramatically in recent weeks, and as rival Lehman Brothers Holdings Inc. disclosed a profit warning ...
2008-06-09 05:22:00 -
Federal Reserve and ECB are in no mood to save us from the consequences of our debt (Daily Telegraph)
Fetch your tin helmets once again. The European Central Bank is opting for a monetary purge. So too is the US Federal Reserve, now ruled from Dallas.
2008-06-08 05:01:09 -
Selling used goods in a new world (London Free Press)
Back in 1995, Deane Winskill had been in the pawnbroking business for only three years. He had his own shop -- Third Street Pawnbrokers, in what used to be the London Township police station at Third and Dundas streets -- and he figured the economic outlook looked pretty good.
2008-06-09 12:00:43 -
North State Marketplace: June 9, 2008 (The Record Searchlight)
• Simpson hosts business lunch • Shasta Glide n Ride adds night touring • HR chapter meeting will honor members • Reverse mortgage class offered at Redding Library • People in business
2008-06-09 05:01:55 -
Restoring the American economy for working families: A Way Forward (Louisiana Weekly)
By U. S. Rep. Gwen Moore (D-Wis.), NNPA Special Commentary June 9, 2008 With the current economic hard times, many Americans are confronted with a host of economic and financial of challenges vital to their families' well being.
2008-06-09 08:52:30 -
Silver Threads (Vermillion Plain Talk)
Have you wished for a place, comfortable and quiet, to take a friend or two, to morning coffee, tea (hot or cold) or hot chocolate and a choice of donuts, bars or cookies? The Vermillion Senior Citizens Service Center at 320 W. Main St., is the place! We are open 9:30 a.m. Monday through Friday.
2008-06-09 09:01:11 -
Pending Sales Surge Where Foreclosures Purge (Forbes)
Areas with high rates of foreclosure are seeing a spike in planned sales according to the National Association of Realtors.
2008-06-09 01:55:13 -
Bernanke speech focuses on inflation (International Herald Tribune)
Ben Bernanke, chairman of the U.S. central bank, signaled Monday that the Fed would act to strongly resist rising inflation as energy costs continue to soar. He also played down the risks of a substantial downturn for the American economy.
2008-06-09 07:33:15 -
Lehman Bros.' Loss, Cash-Raising Plan Send Shares To A 5-Year Closing Low (Investor's Business Daily via Yahoo! Finance)
Lehman Bros. took a beating Monday after the nation's No. 3 investment bank said it would have to raise $6 billion in capital to help cover second-quarter losses.
2008-06-09 03:58:24 -
Lehman slumps to first loss as credit crunch takes toll (Guardian Unlimited)
Wall Street bank is to raise $6bn to bolster its balance sheet
2008-06-09 04:46:15 -
McCain questions Obama VP advisor links to Countrywide (The Business Journal of Phoenix)
Republican presidential nominee John McCain is making an issue of Democratic rival Barack Obama's selecting former Fannie Mae CEO Jim Johnson as part of Obama's vice presidential search team.
2008-06-09 05:21:31 -
Help available for those affected by mortgage crisis (Clovis News Journal)
Officials say Clovis isn’t feeling the mortgage crunch that’s squeezing other areas of the country. However, for those with homes that are in jeopardy, help is available.
2008-06-09 05:53:57