Mortgage and Financial News From 2008-1-31 Page 24

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  • Financial turmoil likely to continue - Houston Chronicle

    Financial turmoil likely to continueHouston Chronicle, United States - 14 minutes agoThe Fed has made two rate cuts totaling 1.25 percent in the past two weeks in an effort to spur new investments through lower interest rates. ...
    2008-01-31 02:46:05

  • Clinton ads address economic worries (The Kansas City Star)

    TITLE: "Free Fall"
    2008-01-31 02:53:25

  • Financial turmoil likely to continue (Miami Herald)

    NEW YORK - As bad news about the financial system piles up, trust - the pillar of investing - is being buried.
    2008-01-31 02:55:48

  • Stocks Erase Losses, Turning Higher (IWon - Money)

    NEW YORK (AP) — Stocks turned higher Thursday after concerns eased about hefty losses at bond insurer MBIA Inc. and the prospect of downgrades in the bond insurance industry. The Dow Jones industrials were up more than 130 points.
    2008-01-31 02:56:06

  • Financial Turmoil Likely to Continue (The Houma Courier)

    NEW YORK - As bad news about the financial system piles up, trust - the pillar of investing - is being buried. The most recent fears are tied to the potential failure of bond insurers, the companies that back the funding for hospitals, schools and other public works.
    2008-01-31 02:58:00

  • Thursday January 31, 2008 (R News)

    • Carestream Announces Layoffs Part of Kodak's restructuring included the sale of its health imaging business. The new company, Carestream Health, has plans to make some cuts of its own.
    2008-01-31 02:58:14

  • Inkster police seek 1 of 2 drivers in hit-and-run death (Detroit Free Press)

    Inkster police are searching for one of two drivers involved in a hit-and-run that killed a 54-year-old man on his birthday early this morning while the other awaits pending charges.
    2008-01-31 02:58:16

  • Financial turmoil likely to continue (The Forex Market)

    (AP) - NEW YORK -- As bad news about the financial system piles up, trust -- the pillar of investing -- is being buried. The most recent fears are tied to the potential failure of bond insurers, the companies that back the funding for hospitals, schools and other public works.
    2008-01-31 02:58:34

  • Economic Stimulus Tax Rebate Plan: Will It Actually Stimulate Spending? (Centre Daily Times)

    A new survey by Lightspeed Research reveals that more than 50% of U.S. consumers plan to use their proposed tax rebates primarily to pay down debt, rather than spend it.
    2008-01-31 02:58:34

  • Spitzer: NY bond insurer rescue advances (Centre Daily Times)

    New York Gov. Eliot Spitzer said Thursday a plan by the state's insurance regulator to bail out struggling bond insurers is making good progress amid fresh worries about the financial industry.
    2008-01-31 02:58:44

  • S&P 500 ends worst Jan since 1990 (Stuff)

    US stocks surged overnight after a major bond insurer reassured investors about its stability, fuelling a rebound by financial shares hammered recently by the prospect of crumbling credit markets.
    2008-01-31 02:59:51

  • 8 ways to recession-proof your job

    CNN Money - Still, with the ripple effect of the mortgage mess still spreading, consumer spending in a sulk, and companies like Citigroup ( C , Fortune 500 ) and Sprint Nextel ( S , Fortune 500 ) announcing big layoffs, you'd be smart to start thinking about recession ...
    2008-01-31 01:41:00

  • Mizuho, MUFJ Post Combined $3 Billion Subprime Loss (Update2)

    Bloomberg - Tokyo-based Mizuho this month invested $1.2 billion in Merrill Lynch & Co., the U.S. securities firm reeling from $24.5 billion of mortgage-related losses and writedowns. Reluctance by cash-rich Japanese companies to borrow is weighing on ...
    2008-01-31 09:23:00

  • BofA's Countrywide buy could be a bad deal

    CNN Money - Bank of America purchases Countrywide Financial, one of the companies hardest hit by the subprime mortgage meltdown. ... NEW YORK (AP) -- SRM Global Fund, which owns a 5.2% stake in Countrywide Financial Corp., said the ...
    2008-01-31 08:11:00

  • Mortgage Analysis Company Providing Information in Cuomo Probe

    WXXA - Investment banks hired companies like Clayton to evaluate samples of loans to determine whether they complied with the law and met the lending standards that mortgage companies said they were using. Loans that did not were classified as exceptions. ...
    2008-01-31 07:21:00

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