Mortgage and Financial News From 2008-7-4 Page 13
Previous Day: 2008-07-03
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Tax credit to boost UBS results - BBC News
UBS said it might have broken even between April and June UBS has said that it may break even for the three months to the end of June, and will make a small loss at worst. The Swiss bank, which has been among the worst hit by the credit crunch, had ...
2008-07-03 11:34:00 -
Mitsubishi UFJ May Make `Major' Overseas Acquisition (Update1) - Bloomberg
July 4 (Bloomberg) -- Mitsubishi UFJ Financial Group Inc. , Japan's largest bank by market value, may make a ``major'' overseas acquisition as growth slows in its home market, the new president of the group's trust bank said. ``There may be a ...
2008-07-04 12:31:00 -
U.S. Stocks Enter Bear Market as Dow Retreats 20% From Record - Bloomberg
July 4 (Bloomberg) -- U.S. stocks fell this week, giving the Dow Jones Industrial Average a 20 percent bear-market drop since October's all-time high, as record oil threatened global growth. Monsanto Co. and Nucor Corp. led raw-material producers in ...
2008-07-03 11:27:00 -
Merrill may see another downgrade on writedowns - Reuters UK
NEW YORK (Reuters) - Forecasts for huge second quarter writedowns at Merrill Lynch & Co. (MER.N: Quote , Profile , Research ) have intensified concerns Moody's Investors Service may cut its debt rating, compounding the brokerage's problems with ...
2008-07-04 12:38:00 -
UBS avoid losses through £1.5bn tax credit - Times Online
UBS, the Swiss bank battered by the mortgage crisis, today insisted it would not need to raise more funds through a rights issue after being saved from announcing further losses by clawing in SwFr3 billion (£1.5 billion) from a tax credit. The bank ...
2008-07-04 12:31:00 -
Business News Briefs (Pittsburgh Post-Gazette)
Also in the day's headlines:
2008-07-03 09:22:11 -
NEED TO KNOW NUMBERS CRUNCHER (The Record)
* Higher oil prices caused service businesses to shrink in June as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores.
2008-07-03 10:39:24 -
Credit crisis stings Miami mutual fund advisors (Miami Herald)
Citing mounting losses, community banks in California and Washington have pulled their investments from a group of mutual funds managed by longtime Miami investment advisor Rodger D. Shay Sr.
2008-07-04 12:12:25 -
Washington's population is growing, but slower than before (Seattle Times)
The state's population continues to grow, but the growth appears to be slowing because of effects of the faltering economy across the nation, according to the state's Office of Financial Management.
2008-07-04 12:21:25 -
vacation home (Investopedia)
The American Dream has undergone a fair amount of change over the last 50 years. Sometime after cars and televisions became a regular part of even the lowest income earner's life, it became fashionable to buy a second home - a . These are the cottages on the lakeside, the cabins in the mountains and the huts on the beach that all sit empty 90% of the year while their owners are banking time for ...
2008-07-04 01:01:10 -
She saves $35,000 a year - Chicago Sun-Times
Marsha Flood learned to squeeze every penny after she decided to stay home to raise three children. Flood, 57, of Geneva,made do on half of the family's previous income, survived her husband's year-long layoff and ended up cutting the family's ...
2008-07-02 04:58:00 -
Credit crunch: short and sharp is better than long and drawn-out - Times Online
The credit squeeze is painful and will get worse. There's barely a crumb of comfort to be had from the Bank of England's latest credit conditions report. Debt is being increasingly rationed, it is costing more and banks are demanding greater ...
2008-07-03 11:12:00 -
Q-Poll: Economy a drag on Rell (Journal Inquirer)
The poll also found that U.S. Sen. Christopher J. Dodd continues to hold a “lukewarm” approval rating of 51 percent, while nearly two-thirds of voters are focused on a recent scandal surrounding two home mortgages.
2008-07-03 10:55:49 -
JSE takes beating as oil price surges past $146 (Business Day)
THE oil price surged to fresh highs above $146 a barrel yesterday while the JSE all share index plummeted more than 3% to close at 28392 points, wiping out all the gains made this year as resource stocks fell.
2008-07-03 11:04:23 -
Michigan Especially Hard Hit by Foreclosures (The Epoch Times)
DETROIT-According to the Mortgage Bankers Association, nearly 2 million loans were in foreclosure nationwide during the first quarter of 2008. Home foreclosures rose nationally last year from 42 pe...
2008-07-03 11:15:26