Mortgage and Financial News From 2008-5-27 Page 01
Previous Day: 2008-05-26
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
-
Bank of America to raise its stake in China Construction Bank - International Herald Tribune
NEW YORK : Bank of America said that it would exercise part of an option to buy shares of China Construction Bank, investing 14.52 billion Hong Kong dollars, or $1.86 billion, and raising its stake in the second-largest bank in China to 10.75 percent ...
2008-05-27 10:52:00 -
Hong Kong shares end morning weaker on CNOOC, China Mobile - UPDATE - CNBC
HONG KONG (XFN-ASIA) - Share prices finished the morning weaker as oil firm CNOOC slumped following a pullback in crude oil prices and telecoms giant China Mobile extended its losses amid competition worries. HSBC also weighed on the key index as the ...
2008-05-27 11:06:00 -
PRESS DIGEST - Wall Street Journal - May 28 - Reuters
May 28 (Reuters) - The following were the top stories in The Wall Street Journal on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Investors are pressuring lenders to take back home loans that default ...
2008-05-27 10:02:00 -
Hudson City Says Avoiding Subprime Loans Leads to Record Profit - Bloomberg
May 28 (Bloomberg) -- Twenty-five miles from Wall Street, where the collapse of the subprime mortgage market led to more than $100 billion of credit losses, Hudson City Bancorp Inc. is receiving more home-loan applications and reporting record profit ...
2008-05-27 11:21:00 -
Wild West World sale facing delays (The Wichita Eagle)
Wild West World's sale to a Tulsa-based entertainment partnership has been delayed by procedural issues and will not close this week. The $2 million deal has been delayed by an incomplete survey on the property, said Jerry Murphy, the Tulsa-based entrepreneur who is a partner in the group attempting to buy the park. And Park City officials say they've been told the deal might not close until ...
2008-05-27 11:09:47 -
US thrifts urged to set aside record $7.6bn for losses (Gulf Times)
WASHINGTON: US thrifts are being urged to set aside more money for bad mortgage loans after reporting record loan loss provisions totaling $7.6bn in the first quarter due to the deteriorating American housing market, the Office of Thrift Supervision (OTS) said yesterday.
2008-05-27 11:12:40 -
Erosion control (The Steamboat Pilot & Today)
The developers of 360 Village are worried about erosion — not on their west of Steamboat Springs property, which they say poses little physical constraints, but of community character.
2008-05-27 11:12:58 -
Sensex falls for 4th day as rupee extends losses (Gulf Times)
MUMBAI: India’s benchmark equity index fell for a fourth day yesterday, as investors sold banks before equity derivative contracts expire on May 29, amid concern rising inflation will keep interest rates at a six-year high.
2008-05-27 11:15:48 -
UK April mortgage approvals second weakest on record (Times of Malta)
Mortgage approvals for house purchase were the second weakest on record last month and nearly 40 per cent lower than at the same time last year, a survey showed yesterday.
2008-05-27 11:34:22 -
Choosing Bankruptcy to Stay Afloat - Washington Post
Stephanie and Jerome Smith have refinanced their home several times, with their monthly payment more than doubling to $1,600, excluding taxes and insurance. They filed for bankruptcy protection to save it from foreclosure. (By Jay Paul For The ...
2008-05-27 08:43:00 -
WorldCom consolidates ex-CEO's debt - Baltimore Sun
WASHINGTON - WorldCom Inc. said in a regulatory filing yesterday that it had consolidated all loans to its former president and chief executive officer, Bernard Ebbers, into a single $408.2 million promissory note. The note is repayable over five ...
2008-05-27 10:02:00 -
Fed banks split on discount rate cut in April - Reuters
WASHINGTON (Reuters) - The 12 regional U.S. Federal Reserve banks were split on the appropriate interest-rate stance ahead of the Fed's policy-setting meeting at the end of April, minutes of Fed meetings released on Tuesday showed. The directors of ...
2008-05-27 02:38:00 -
Rates rise at weekly Treasury auction (El Paso Times)
WASHINGTON—Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels in nearly three months. The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 1.855 percent, up from 1.800 percent last week.
2008-05-27 10:24:22 -
Bush, on fundraising tour, touts economy's potential (El Paso Times)
MESA, Ariz.—President Bush, sounding upbeat as consumer confidence swooned, said Tuesday that the government's effort to stimulate the economy is just starting to kick in.
2008-05-27 10:25:58 -
JetBlue delays order of 21 planes for 4 to 5 years (El Paso Times)
NEW YORK—JetBlue Airways Corp. plans to significantly slow its fleet growth, saying Tuesday it will put off buying 21 new Airbus jetliners for four to five years as it struggles to cope with soaring fuel costs.
2008-05-27 10:26:12