Mortgage and Financial News From 2008-1-24 Page 52

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  • TEXT-Moody's release on Tres Palacios Gas Storage - Reuters UK

    TEXT-Moody's release on Tres Palacios Gas StorageReuters UK, UK - 7 minutes agoA longer term risk to the rating is the potential for overbuilding of natural gas storage which could outpace future demand and result in lower rates and ...
    2008-01-24 10:38:32

  • SocGen reels from record $7 bln rogue trader fraud - EasyBourse.com

    SocGen reels from record $7 bln rogue trader fraudEasyBourse.com, France - 7 minutes agoThe announcement sent a shiver through the world banking industry, which is suffering from the credit crunch as high-risk US mortgage borrowers default on ...
    2008-01-24 10:38:41

  • Recession: The Big 'R' Word and You - TheStreet.com

    Recession: The Big 'R' Word and YouTheStreet.com - 7 minutes agoYou may not remember back to the early 1980s when interest rates soared to keep up with inflation. That was a more "traditional" recession, with tight money ...
    2008-01-24 10:39:13

  • Business leaders call for more crisis leadership - Independent-Bangladesh

    Business leaders call for more crisis leadershipIndependent-Bangladesh, Bangladesh - 4 minutes agoWorries are intensifying that fallout from the credit crisis — which began in earnest in August when problems in the US subprime mortgage sector led to a ...
    2008-01-24 10:42:01

  • Europe Shrugs Off SocGen Woes (Forbes)

    European shares stage a temporary comeback on new hopes for American bond insurers and upbeat earnings.
    2008-01-24 10:21:08

  • Personal Finance Daily: Personal Finance Daily -- Jan. 24 (Market Watch)

    When you hear that our representatives in Washington are brewing up an "economic stimulus" package, you can be sure they are getting input from the finest minds in all the relevant fields. Sure, a lot of them are the same folks who led the economy into its current mess in the first place, but hey -- learning to work the brake and the accelerator at the same time doesn't come naturally, you know. ...
    2008-01-24 10:36:40

  • A Fear That the Cure Could Be Poison (NYTimes.com via Yahoo! Finance)

    Even as the Federal Reserve grapples with the collapse of a speculative bubble in housing, is it at risk of repeating recent mistakes?.
    2008-01-24 10:40:00

  • A Day of Sharp Swings, and a Final Gain (NYTimes.com via Yahoo! Finance)

    Stocks plunged at the opening bell, spent much of the session in negative territory, then erased a 326-point deficit in the afternoon to post strong gains in the final hour.
    2008-01-24 10:40:02

  • Next on the Worry List: Shaky Insurers of Bonds (NYTimes.com via Yahoo! Finance)

    There is concern about the weakened condition of two insurance companies that have guaranteed buyers against losses on more than $1 trillion of bonds.
    2008-01-24 10:40:03

  • Bank of Canada warns of tougher times (Toronto Sun)

    IN TOMORROW'S PAPER:
    2008-01-24 10:40:27

  • SocGen reels from record $7 bln rogue trader fraud (The Globe and Mail)

    PARIS (Reuters) - The biggest rogue trader scandal in history hit Societe Generale on Thursday as the French bank accused a junior employee of a fraud costing $7 billion.
    2008-01-24 10:43:50

  • U.S. Stocks Gain for 2nd Day on Earnings; Xerox, Lockheed Rise

    Bloomberg - ... time claims for unemployment benefits to 301,000 last week eased concern that the fallout from the collapse of the subprime mortgage market will drag the U.S. into recession. China's economic expansion bolstered expectations that demand at companies ...
    2008-01-24 07:30:00

  • Sales of U.S. Existing Homes Probably Fell the Most Since 1989

    Bloomberg - According to Chicago-based placement firm Challenger, Gray & Christmas Inc., financial-service firms, such as mortgage companies, announced 153,105 job cuts last year, more than triple the number reported for 2006. The housing slump ``may ...
    2008-01-24 12:06:00

  • U.S. Initial Jobless Claims Dropped 1,000 Last Week (Update1)

    Bloomberg - Construction, finance and housing service companies have been leading the cutbacks in staff as home building and mortgage lending tumble. Lehman Brothers Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, will eliminate ...
    2008-01-24 05:49:00

  • Circuit clerk implements electronic recording

    NW Arkansas Times - That means that individuals, attorneys and real-estate and mortgage companies can file deeds, mortgages and other land matters electronically instead of having to go to the office. DeShields believes the electronic recording could begin by mid ...
    2008-01-24 04:59:00

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