Mortgage and Financial News From 2008-9-13 Page 9
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UPDATE: ECOFIN: Weber Sees "Pockets" Of Second Round Effects (Nasdaq)
NICE, France -(Dow Jones)- There is some evidence that the rise in energy and food prices is leading to rises in wages and the prices of other goods and services in the euro zone, a member of the European Central bank's governing council said Saturday.
2008-09-13 07:57:40 -
Onalaska council moves ahead with new tax-increment district downtown (Holmen Courier)
The city of Onalaska is moving ahead with plans for a tax increment financing district that would include the waterfront development area and most of the downtown.
2008-09-13 08:02:33 -
Positive Results From Small Study Assessing The Safety Of LDN, UK (Medical News Today)
Results from a small study of Low Dose Naltrexone (LDN) have been published in the journalMultiple Sclerosis. The study headed by Dr. Gianvito Martino from the San Raffaele Hospital in Milan, Italy involved 40 people with primary progressive MS in an open label trial which aimed to make sure LDN was safe and well tolerated. The results show that LDN is safe for people with MS.
2008-09-13 08:09:55 -
Spice up your life (Galveston County Daily News)
Medical breakthroughs could have everyone turning to spice racks and produce aisles instead of medicine cabinets to ward off illness.
2008-09-13 08:12:34 -
New workouts knock out boring exercises (Galveston County Daily News)
Workouts for people who don’t like traditional forms of exercise are being offered in gyms across the country — and sometimes even in bars.
2008-09-13 08:12:41 -
Insurers face huge CDS losses - Financial Times
The default of up to $500bn of Fannie Mae and Freddie Mac credit derivatives contracts triggered by the US government’s seizure of the mortgage groups could result in billions of dollars of losses for insurance companies and banks who offered ...
2008-09-09 05:56:00 -
Former Moose Lodge site in Lealman may land 96 apartments - St. Petersburg Times
A 96-unit apartment complex is planned for the site of the former Moose Lodge at 2525 58th Ave. N in the unincorporated Lealman area. The site of the former Moose Lodge could become home to an apartment complex with some units devoted to affordable ...
2008-09-13 01:23:00 -
UPDATE 1-Xceed Mortgage posts lower Q3 profit on restructuring - Reuters
Sept 11 (Reuters) - Xceed Mortgage Corp (XMC.TO: Quote , Profile , Research , Stock Buzz ) said third quarter profit more than halved from last year, hurt by costs related to changes it made to its business model to counter a collapse of the asset ...
2008-09-11 06:40:00 -
Radian "cheap" at $3.50? - Philadelphia Daily News
"Radian is a very cheap stock -- at $3.50, one of the few," data-oriented investment manager Laszlo Birinyi of Birinyi Associates told Bloomberg News this morning. Radian, the Center City-based bond- and mortgage- insurer, is also saying it expects ...
2008-09-11 08:21:00 -
Many eligible for free access to credit reports, scores - Baltimore Sun
I f you're thinking about buying a home or refinancing - even if you've got excellent credit - you may want to avail yourself of a forthcoming free service that could help you get a better mortgage rate. Under the terms of a national class action ...
2008-09-12 10:17:00 -
Lehman Woes Pressure AIG, Merrill Lynch - Wall Street Journal
As the endgame plays out for Lehman Brothers Holdings Inc., pressure is rising on two other financial behemoths to take action to convince investors to stick with them. On Friday, credit-ratings firm Standard & Poor's threatened to downgrade American ...
2008-09-12 11:07:00 -
Readers' comments on business news - St. Petersburg Times
Story Tools This administration has effectively bankrupted the country. I am surprised Chapter 11 has not been tried. Happy to pay the tab? Sure, why not. Bear Stearns, the mortgage industry (banks), the insurance industry. Let us please help the big ...
2008-09-13 01:23:00 -
AIG Shares Tumble on Capital Concerns - Washington Post
Shares of American International Group , the nation's largest insurance company, plunged yesterday on fresh fears that it will have trouble remaining on firm financial footing as a result of the turmoil in the mortgage market. AIG's shares fell $5.41 ...
2008-09-12 09:27:00 -
Is your money safe? (The Olympian)
As the mortgage crisis and economic uncertainty apply greater pressure on the banking industry, consumers are asking themselves whether their money is secure.
2008-09-13 04:14:32 -
Wachovia: Decision to sell troubled portfolio preceded Steel's arrival (The Charlotte Observer)
Wachovia Corp. said this week that its new chief executive, an alum of the U.S. Treasury, was not involved in the bank's decision this summer to sell its preferred shares in Fannie Mae and Freddie Mac. CEO Bob Steel said Tuesday that the bank had sold $509 million worth of Fannie and Freddie preferred shares, liquidating the portfolio as of July 21. The bank took a loss of $171million by doing ...
2008-09-13 05:33:44