Mortgage and Financial News From 2008-7-20 Page 3
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Alumina Says Brazil Expansion Costs Gain on Currency (Update2) - Bloomberg
July 21 (Bloomberg) -- Alumina Ltd. , partner in the biggest producer of the material used to make aluminum, expects the venture's share of expansion costs in Brazil to rise 48 percent on rising materials and labor prices and local currency gains ...
2008-07-19 05:53:00 -
Salvage system faces its toughest test - Financial Times
As August approaches and thoughts turn to summer holidays, one group of professionals has its mind on the autumn and winter. Insolvency experts and turnround specialists are gearing up for a surge in company debt crises they expect will generate the ...
2008-07-20 12:08:00 -
Banks need to do better at telling truth (The Morning Call)
It's not over.
2008-07-20 03:26:38 -
The 137th Open Championship - BBC Sport
Ireland's Padraig Harrington successfully defended the Open after a final round of 69 took him to three over par, four ahead of Ian Poulter. Poulter finished second after a 69 to end seven over and was in with a shout of the title before Harrington's ...
2008-07-20 10:35:00 -
Can the UK avoid a recession? - BBC News
The UK economy is now in danger of being crushed between the jaws of world credit and commodity markets, with little prospect of early relief. The credit markets for banks and companies remain frozen and the mortgage market has moved from feast to ...
2008-07-20 05:23:00 -
Human Behavior: Are Baby-Faced CEOs a Danger? - Washington Post
In May, the baby-faced chief executive of IndyMac Bancorp , Michael Perry, lashed out at critics who said the bank was on weak footing: "Given the decline in our stock price, some people have questioned IndyMac's survivability in the current ...
2008-07-20 07:25:00 -
Regulators thwart 'bear raids' on stocks - USA Today
NEW YORK — An emergency order by Wall Street regulators to combat "bear raids" on vulnerable financial stocks, launched by traders that profit when stocks go down, goes into effect today. But the rule's main intent — to help stem quick, steep ...
2008-07-20 05:09:00 -
Editorial: Skeptical eyes on reverse mortgages - Minneapolis Star Tribune
"You have a lot of unemployed mortgage people, brokers, bankers who are in trouble, looking for the next big profit center. And there's over $4 trillion in equity held by people over the age of 62. ...There's a lot of money to be made.'' For a cash ...
2008-07-19 04:48:00 -
Worried about credit ratings (Provo Daily Herald)
It's time to devote another column to answering your e-mails, because I know the readers below aren't alone in worrying about their investments and wondering how to keep their credit reports clean.
2008-07-20 12:12:04 -
Del. economy should rebound next year (The News Journal)
What does last week's economic turmoil mean to Delaware residents?
2008-07-20 12:57:02 -
Stocks eye banks, short-sale rule (Reuters via Yahoo! Philippines News)
By Deborah Jian Lee
2008-07-20 04:20:46 -
TREASURIES-Bonds fall for 3rd day on easing credit concerns - Reuters
NEW YORK, July 18 (Reuters) - U.S. Treasuries prices fell on Friday for the third day in a row as better-than-expected earnings in the bank sector prompted investors to turn away from lower-risk debt. Citigroup Inc (C.N: Quote , Profile , Research ...
2008-07-18 01:15:00 -
The Economy: How bad can it get? - Tehran Times
A full year into the miserable journey of the credit crisis, the U.S. economy and financial markets have come to a crossroads, beyond which lay several possible destinations, not all of them pleasant. So far, despite bank losses of some $400 billion ...
2008-07-20 12:58:00 -
Taking Stock Of Our Economic Woes - CBS News
A run on a California bank … while the nation's two federally chartered mortgage giants turned up in need of a government rescue plan, a plan Treasury Secretary Henry Paulson described as being aimed at "supporting the stability of financial ...
2008-07-20 10:28:00 -
In this economy, failure is an option - Los Angeles Times
"New financial instruments are invented every day. Normally they get boiled down to a standardized form," he said. But this time, banks and investment houses sought to maintain high profits and a lock on the markets by keeping their inventions ...
2008-07-20 03:43:00