Mortgage and Financial News From 2008-1-14 Page 4

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  • Hong Kong shares end morning sharply lower on US, China concerns ... - Forbes

    Hong Kong shares end morning sharply lower on US, China concerns ...Forbes, NY - 58 minutes agoChina's top lenders were lower on worries about credit tightening measures on the mainland. China's biggest bank, Industrial and Commercial Bank of China, ...
    2008-01-14 09:52:57

  • Trader Made Billions on Subprime - Wall Street Journal

    Trader Made Billions on SubprimeWall Street Journal - 32 minutes agoAmeriquest Mortgage Co., then the largest maker of "subprime" loans to buyers with spotty credit, settled a probe of improper lending practices by agreeing ...
    2008-01-14 10:19:45

  • Fed rate cut futile? - Inland Valley Daily Bulletin

    Fed rate cut futile?Inland Valley Daily Bulletin, CA - 21 minutes agoBy Michael Rappaport, Staff Writer When Federal Reserve Board Chairman Ben Bernanke said last week that the economy was in bad enough shape that further ...
    2008-01-14 10:30:22

  • Standard Bank favours African banks and financials - Reuters South Africa

    Standard Bank favours African banks and financialsReuters South Africa, South Africa - 17 minutes agoBy Michael Taylor LONDON (Reuters) - A growth explosion and absence of exposure to the subprime mortgage make African financials and banking shares top ...
    2008-01-14 10:34:06

  • Arsonist Arraigned (WKBN 27 Youngstown)

    Salem police have arrested a twenty-three year old man in connection with setting several cars and a camper on fire. Clark Verdict A jury has reached a decision in the murder trial of a Youngstown man accused of killing a toddler.
    2008-01-14 08:01:52

  • Homeowners and Banks Struggle to Avoid Recession (ABC News)

    Barely Into the New Year, Economists Offer Dreary Forecast for 2008
    2008-01-14 08:26:33

  • Troubleshooter Sandler faces hard toil at Rock (Reuters via Yahoo! UK & Ireland News)

    Ron Sandler rescued Lloyd's of London from the brink of collapse to forge a reputation as a troubleshooter but he faces his biggest challenge yet if called in to rescue Northern Rock.
    2008-01-14 08:59:00

  • Home sales creep upward in December (Today's News-Herald)

    Sales of previously owned homes nudged upward in December but that did little to improve the broader picture of a local housing market racked by a rising number of foreclosures and harder-to-get credit.
    2008-01-14 09:43:53

  • Sovereign to writedown $1.6B in Q4 (The Star-Ledger)

    Sovereign Bancorp said yesterday it expects to take $1.6 billion in charges for the fourth quarter, as customers defaulted on loans and its investment in a New York thrift yielded lower-than-expected revenue and profits.
    2008-01-14 09:57:08

  • (AFX UK Focus) 2008-01-15 05:42 GMT: Hong Kong shares end morning sharply lower on US, China concerns - UPDATE (Interactive Investor)

    HONG KONG (Thomson Financial) - Hong Kong shares finished a volatile Tuesday morning session sharply lower, reversing gains driven earlier by Wall Street's strong close overnight, as investors shifted focus again on lingering worries over the US economy and the tightening measures adopted by China to curb growth.
    2008-01-14 10:09:27

  • Sovereign to book $1.6 billion in 4th-quarter charges (The Standard-Times)

    PHILADELPHIA — Sovereign Bancorp Inc. said Monday that it expects to take $1.6 billion in charges for the fourth quarter, as customers defaulted on loans and its investment in a New York thrift yielded lower-than-expected revenue and profits.
    2008-01-14 10:11:30

  • Stock Markets Gain on I.B.M. (NYTimes.com via Yahoo! Finance)

    Wall Street advanced sharply Monday after a rout on Friday following solid preliminary results from I.B.M.
    2008-01-14 10:39:57

  • Stocks rally on robust IBM results (WTHR Indianapolis)

    Wall Street advanced sharply Monday, with solid preliminary results from IBM encouraging investors to go back into the stock market after last week's rout.
    2008-01-14 10:49:15

  • Federal deficit possible, study says

    Globe and Mail - This article is reverse psychology at its best. By spouting a defecit warning from a 'left-leaning' think tank, they ensure that you read the article with utmost contempt. Why? So that if a deficit should happen, you've already made up your mind ...
    2008-01-13 03:57:00

  • Citigroup to Cut 20,000 Jobs and Slash Dividend, WSJ Reports

    Bloomberg - A cut in the dividend would reverse a Nov. 4 statement by Citigroup that it had ``no plans to reduce its current dividend level.'' Charles O. Prince stepped down as CEO after the bank warned of bigger-than-expected writedowns on subprime mortgages ...
    2008-01-13 03:57:00

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