Mortgage and Financial News From 2008-7-19 Page 8
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McCain: Let's Aid Auto Industry - The Ledger
Republican presidential candidate Sen. John McCain, R-Ariz., holds a news conference at the General Motors Technical Center in Warren, Mich. On the day McCain visited one of the areas hardest hit by the economic downturn and rising gas prices, one of ...
2008-07-19 04:24:00 -
Eastern Bank says it is sound - Baltimore Sun
Eastern Savings Bank of Hunt Valley sought to calm nervous depositors yesterday after an erroneous television news report said the bank could close amid financial troubles. Though later corrected, the mistake sparked dozens of calls to the bank and ...
2008-07-19 05:43:00 -
Bank stocks look cheap, but buyers remain cautious - MSNBC
NEW YORK - Merrill Lynch & Co. Chief Executive John Thain is making a pitch to Wall Street: Buy the brokerage's shares while they're still cheap. But investors don't seem ready to listen. In spite of a nearly 400-point surge in the Dow Jones ...
2008-07-19 05:21:00 -
16% office vacancy rates seen in county - San Diego Union-Tribune
San Diego County's office market continued to soften in the second quarter, with vacancy rates reaching 16.1 percent, thanks to tepid demand and new construction adding to supply. Vacancy rates for offices have been creeping up since the end of 2005 ...
2008-07-19 04:02:00 -
Freddie's Massive Stock Plan - Washington Post
Freddie Mac , the troubled mortgage-finance giant, yesterday took a major step toward selling billions of dollars of new stock to the public as a way to bolster its balance sheet. The action, taken days after the Bush administration moved to prop up ...
2008-07-19 02:58:00 -
Crashes, bangs and wallops - Financial Times
“Each separate panic has had its own distinctive features, but all have resembled each other in occurring immediately after a period of apparent prosperity, the hollowness of which it has exposed. So uniform is this sequence, that whenever we find ...
2008-07-18 05:18:00 -
Federer turns his back on home canton - Swiss Info
The winner of 12 grand slam titles had lived in Oberwil, canton Basel Country, for around three years but officially left at the end of March, according to the Oberwil authorities. Federer's new permanent residence, which he shares with his partner ...
2008-07-18 10:47:00 -
The building blocks of financial success - Providence Journal
Teddy Copeland, 15, left, and Nicholas Sella, 14, work on an exercise to calculate interest rates, at Camp Cash in Alabama. AP / Kate Brumback TUSCALOOSA, Ala. — While his friends spend their money on video games and candy, Nicholas Sella saves ...
2008-07-18 07:41:00 -
Housing crisis poses test for McCain - Los Angeles Times
CAUTIOUS WORDS: Arizona Sen. John McCain hasn’t said if he would support a proposal for assisting Fannie Mae and Freddie Mac, remarking only: “We will not allow them to fail.” Will he support a congressional plan to bail out mortgage giants ...
2008-07-19 01:39:00 -
Mortgage giants crumble - Seattle Times
Fannie Mae (FNM) and Freddie Mac (FRE) boomed along with the real-estate market. Now their shares are down 83 percent and 86 percent, respectively, from a year ago, and the government is ready to step in with"quite an unprecedented measure of support ...
2008-07-18 11:59:00 -
Economy has Sandlers putting big development plans on hold - HamptonRoads.com
Virginia Beach brothers Steve and Art Sandler appear to be downsizing or postponing some high-profile housing developments. In Newport News, the 1,596-home Asheton project near the historic Lee Hall Plantation is on hold. In Virginia Beach, the ...
2008-07-18 08:53:00 -
Jeff Pelline: 'Let them drink Bud!' - Union
We're a resilient nation, but the economy is testing our mettle lately: a bearish stock market, a weak dollar, "stagflation," corporate layoffs, shrinking health benefits, a state budget crisis and so on. Even American icon Budweiser is not immune ...
2008-07-18 11:59:00 -
From home buyers to bankers, many blamed for housing crisis - AZCentral.com
A late-week Wall Street rally showed that a market battered by bad economic news can rebound quickly. Still, stronger-than-expected earnings by Citigroup and other banks can't sweep away reminders that the meltdown in subprime mortgages and the ...
2008-07-19 01:03:00 -
Gordon Brown's son calls him 'Gordon' rather than 'dad' - Daily Telegraph
During an interview, the Prime Minister was asked what made him laugh. He smiled as he replied: "My children. I have just been at my son's birthday. He has stopped calling me 'hello daddy,' it's now 'hello Gordon' and he laughs. I think it's very ...
2008-07-17 12:19:00 -
Gold is now worth more than its weight in gold! - MSN India
Mumbai: A depreciating dollar and the uncertainty in the equity markets globally are adding to the sheen of the yellow metal. With gold prices surging 20 per cent in the last two months, Gold ETFs are back in focus. A majority of the gold exchange ...
2008-07-18 10:12:00