Mortgage and Financial News From 2008-2-1 Page 17

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  • ALL BUSINESS: Credit woes spread (Lexington Herald-Leader)

    Finding a place to hide out during the credit crisis is getting trickier now that bad debts are haunting some seemingly secure corners of the marketplace. You'd think nonfinancial companies would be safe from the housing and mortgage market collapse. Not so. Pharmaceutical company Bristol-Myers Squibb Co. took a $275 million charge in the fourth quarter to write-down its subprime-backed ...
    2008-02-01 05:26:36
  • Californians Talk Housing, Economy as Super Tuesday Looms (The Online NewsHour)

    In the final report from this week's Big Picture election series, Jeffrey Kaye profiles economic concerns in the Feb. 5-voting state of California and Gwen Ifill talks to voters in the Golden State about how issues like the subprime mortgage crisis and the health of the housing market may impact their election choices.
    2008-02-01 05:29:18
  • ALL BUSINESS: Credit woes spread (The Kansas City Star)

    Finding a place to hide out during the credit crisis is getting trickier now that bad debts are haunting some seemingly secure corners of the marketplace.
    2008-02-01 05:30:03
  • Wall Street donates millions to top presidential candidates (Miami Herald)

    Employees of Wall Street investment banks, whose role in the unregulated subprime mortgage market helped stall the U.S. economy, have donated more than $5 million to the top four Republican and Democratic presidential candidates.
    2008-02-01 05:37:51
  • JPMorgan Upgrades Mexican Shares to `Overweight' (Update2)

    Bloomberg - Feb. 1 (Bloomberg) -- Mexico's stock rating was raised by JPMorgan Chase & Co. on expectation that interest-rate reductions and proposed tax cuts in the U.S. will lower the risk of recession, giving Mexican policy makers leeway to lower borrowing ...
    2008-02-01 10:48:00
  • Canadian dollar gets boost from equities, bonds up

    Forbes - Bond prices rose across the curve after a weak U.S. jobs report supported the idea of more interest rate cuts by the U.S. Federal Reserve. The Canadian currency closed at US$1.0060, valuing a U.S. dollar at 99.40 Canadian cents, according to the Bank ...
    2008-02-01 02:15:00
  • Odds of further Fed rate cuts increase on weak employment report data

    Forbes - BOSTON (Thomson Financial) - Fed fund futures rallied Friday, as a weak U.S. employment report increased the chances of further interest rate cuts. The May contract price rose 0.07 points to 97.685, implying a 91% chance that the Fed will lower its ...
    2008-02-01 06:44:00
  • ROUNDUP Polish govt sees Jan CPI steady; one or two rate hikes may ...

    Forbes - WARSAW (Thomson Financial) - Poland's inflation likely steadied in January, the finance ministry said today, leaving the central bank's hawkish wing confirming further interest rate tightening may be confined to one or two more hikes. The ministry's ...
    2008-02-01 07:34:00
  • Employers cut payrolls for first time since summer 2003

    San Diego Union-Tribune - And, the Federal Reserve has gotten much more aggressive – ordering two big interest rate reductions in just over a week. A severely depressed housing market, hard-to-get credit, turbulence on Wall Street and “some softening in labor markets ...
    2008-02-01 02:15:00
  • US RATE FUTURES-Gains pared after Jan ISM surprise

    Reuters - CHICAGO, Feb 1 (Reuters) - U.S. short-term interest rate futures pared earlier gains on Friday when a key measure of U.S. factory activity was reported stronger than expected in January. Futures FFJ8 now show a 72-percent chance that the Federal ...
    2008-02-01 06:59:00
  • Canada's Dollar Heads for Second Weekly Gain on Rate Advantage

    Bloomberg - Feb. 1 (Bloomberg) -- Canada's dollar is poised for a second straight weekly gain after the Federal Reserve cut borrowing costs a half-percentage point, increasing Canada's interest-rate advantage over the U.S. The Canadian currency gained for a ...
    2008-02-01 08:25:00
  • Derivatives Signal Borrowing Costs to Rise as ECB Halts Loans

    Bloomberg - Feb. 1 (Bloomberg) -- Interest-rate derivatives traders are betting that bank borrowing costs will be higher next month after the European Central Bank said it won't join the Federal Reserve in auctioning loans in February. While the Fed said today ...
    2008-02-01 12:42:00
  • Virtual world is make-believe, but crooks are real

    Baltimore Sun - Stephanie Roberts knew Second Life was just a computer game, but she couldn't resist the virtual world's promise of a real-world interest rate of more than 40 percent. The 33-year-old from Chicago, who played the game as a raven-haired vixen called ...
    2008-02-01 01:47:00
  • Poor US jobs figures add to recession fear

    The Independent - Fresh signs of weakness in the American economy emerged yesterday, with worrying new employment figures pushing a weak dollar still lower on expectations that the Federal Reserve's policy of aggressive interest rate cuts will be maintained against a ...
    2008-02-01 04:24:00
  • Russian raises interest rate by 25 basis points to 10.25 pct to stem ...

    Forbes - MOSCOW (Thomson Financial) - Russia's Central Bank raised its key interest rate by a quarter of a percentage point to 10.25 pct in a bid to control inflation, the bank said in a statement. The decision to raise the rate was taken by the bank's ...
    2008-02-01 08:32:00