Mortgage and Financial News From 2007-9-1 Page 9

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  • Honda exec likes pressure of test-drives (Detroit Free Press)

    John Mendel, executive vice president of American Honda automobile operations, welcomes the recent campaigns by Detroit automakers targeting the Honda Accord and Toyota Camry. General Motors Corp. launched a campaign that put an Accord and Camry in most of its Saturn dealerships this summer, encouraging car-shoppers to directly compare them with the new Aura midsize sedan.
    2007-09-01 07:07:55

  • BlackRock's Fink: Talk of Fed cut 'foolish' (CNN Money)

    Before he co-founded money-management firm BlackRock, Larry Fink, 54, was an early pioneer of the mortgage-backed-securities market. Now his firm, which went public in 1999 and merged with Merrill Lynch's investment-management business last year, oversees $1.2 trillion in assets -- and has been advising Wall Street clients reeling from the subprime lending meltdown. He spoke with Fortune's Peter ...
    2007-08-31 01:46:53

  • Strong consumer spending drives Canadian economy

    Canada.com - Canada's economy roared ahead for a second straight quarter on strong consumer spending, likely pushing the Bank of Canada to resume hiking interest rates as soon as the credit market turmoil subsides. Consumers spent heavily on durable goods like ...
    2007-08-31 03:38:00

  • Economy surges ahead at 4 percent annual rate

    Minneapolis Star Tribune - They had been expecting a decline of around 2,000. The Fed is seen as having the leeway to cut interest rates because inflation is easing. A key GDP inflation gauge that excludes food and energy rose by just 2 percent in the second quarter, compared ...
    2007-08-30 12:59:00

  • Corner drugstores speak up as big guys corner Medicare

    Cincinnati Post - ... the pharmacy giants and national mail order drug suppliers that buy in bulk and receive attractive reimbursement rates from ... about the price of medications. Anything that brings down the bottom line to the patient should be in everybody's interest."
    2007-09-01 10:43:00

  • Indian economy grows by 9.3pc

    DAWN Group - The central bank raised interest rates five times between June 2006 and March and increased banks’ reserve requirements to cool the property market and calm inflation and loan demand. Finance Minister Palaniappan Chidambaram told reporters that ...
    2007-09-01 07:30:00

  • Chief Says Fed Is Ready to Act on Credit Pinch

    New York Times - And he drew a tighter link between the Fed’s next move on interest rates and what happens to the housing market. “Obviously, if current conditions persist in mortgage markets, the demand for homes could weaken further, with possible implications ...
    2007-09-01 04:10:00

  • The pay rules are tough and you must be disciplined, Brown tells the ...

    Times Online - The staging of the pay awards is an essential part of controlling inflation in the economy, keeping interest rates and mortgage rates low for homeowners and making sure that we have stability. And we do nothing, nothing that will put that at risk. It ...
    2007-08-31 02:19:00

  • WEALTH HEALTH - Selling short gets riskier; borrowing and housing ...

    Patriot Ledger - Expert opinion clearly has moved to where market watchers expect the Fed to cut interest rates at its Sept. 18 meeting, and the ... If you’re going to lock your money into a 5-year CD, the return of roughly 5 percent that you can capture today will ...
    2007-09-01 10:08:00

  • Full text of Jackson Hole speech

    Financial Times - As house prices have softened, and as interest rates have risen from the low levels of a couple of years ago, we have seen a marked deterioration in the performance of nonprime mortgages. The problems have been most severe for subprime mortgages with ...
    2007-08-31 02:19:00

  • Asian markets rise, lifted by hopes of U.S. subprime fix

    International Herald Tribune - Interest rates in Hong Kong usually follow because the local currency is pegged to the dollar. Sun Hung Kai Properties rose 3.6 percent, and Cheung Kong Holdings jumped 2.4 percent. In Tokyo currencies, the U.S. dollar was trading at 116.38 yen early ...
    2007-08-31 06:08:00

  • Carbon to invest $8 million (Times News)


    2007-08-31 09:11:55

  • Plymouth Briefly (Old Colony Memorial)

    Benefit at Beal House KINGSTON - At 7:30 tonight (Saturday) at the Beal House on Main Street in Kingston, the rock and blues band Connected will perform a concert to benefit a Peace Corps water/sanitation project initiated by Gretchen Snoeyenbos, a 2000 Silver Lake grad, to upgrade the regional hospital in Dioila, Mali, West Africa.
    2007-09-01 06:24:14

  • Dell Among Big Movers on Wall St.

    US News and World Report - Accredited Home Lender Co., up $2.74 at $9.05. The mortgage lender surged after a private equity firm maintained interest in acquiring the company. Cost Plus Inc., down $1 at $4. The home furnishing products retailer projects a wider fiscal third ...
    2007-09-01 01:32:00

  • President Bush unveils bailout plan for some mortgage holders

    Fort Lauderdale Sun-Sentinel - Don't ignore mail from your lender; stay in touch even after a foreclosure notice has been filed. Most lenders would rather work out options than foreclose on a home. *Beware of foreclosure companies calling themselves "mortgage consultants" or ...
    2007-09-01 09:39:00

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