Mortgage and Financial News From 2008-2-23 Page 11

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  • Fed cuts pay off for small businesses

    CNN Money - What criteria is used to set the interest rate on the loan? - Brent, Houston, Tex. Dear Brent: The Fed's rate cuts are good for small-business owners seeking loans.
    2008-02-21 07:25:00

  • Consumer prices jump more than forecast

    CNN Money - NEW YORK (CNNMoney.com) -- Consumer prices rose in January, fanning concerns that high inflation may keep the Federal Reserve from maintaining its aggressive interest rate-cutting campaign. The Consumer Price Index, a key inflation reading, rose 0.4 ...
    2008-02-19 03:56:00

  • US investors hope Fed rides to rescue

    Times of Oman - NEW YORK –– US investors endured a holiday-shortened week that left stocks mainly static despite weak economic readings that weighed on Wall Street, as hopes of fresh interest rate cuts helped shore up sentiment. Market participants said the ...
    2008-02-23 09:32:00

  • Cleveland: ghost town created by America’s loan scandal

    Times Online - Anderson, a community activist who is now a city liaison officer, nearly lost her own home in the 1990s when a new loan company took it over and her interest rate shot up from 7% to 20%
    2008-02-23 12:52:00

  • U.S. Stocks Rise for a Second Week, Led by Energy, Bank Shares

    Bloomberg - Oil climbed 3.5 percent for the week on speculation interest rate cuts will bolster fuel consumption and after Turkish soldiers crossed into northern Iraq, the first major incursion in 11 years.
    2008-02-23 06:18:00

  • Dollar Falls to 3-Week Low Against Euro on Recession Concern

    Bloomberg - The Fed has lowered its target for the benchmark overnight interest rate by 2.25 percentage points since Sept. 18 to 3 percent as the housing slump threatens to trigger a recession.
    2008-02-23 06:18:00

  • Auctions slump signals end of boom

    News.com.au - And many agents blamed the Reserve Bank's warning this week of a sustained wave of interest rate rises. Despite the six consecutive interest rate rises in the past two years, the bank is still warning it must further rein in spending.
    2008-02-23 05:35:00

  • Is it a safe place for savings?

    Times Online - SAVERS are putting their money back into Northern Rock, six months after panicked customers staged the first bank run for a generation. Northern Rock is offering best-buy interest rates on easy-access and fixed-rate accounts, with the security of a ...
    2008-02-23 12:59:00

  • Two-Year Treasuries Decline, Halting 9-Week Rally (Update1)

    Bloomberg - Feb. 23 (Bloomberg) -- Treasury two-year notes fell, halting a nine-week rally, as the Federal Reserve stopped short of forecasting a recession and signaled it's poised to reverse interest-rate cuts once the U.S. economy rebounds. The difference ...
    2008-02-23 08:56:00

  • Legislators seek to curtail 'payday lending' practices (Minneapolis-St. Paul Star Tribune)

    The industry argues that the proposed legislation to limit interest rates would effectively put it out of business.
    2008-02-23 01:13:49

  • Where to find Britain's best holiday-home bargains (Times Online)

    A decade or so ago, owning two cars was a sign you had made it. Today, it is two homes.
    2008-02-23 01:14:21

  • Senator talks cargo airport (The Pottsville Republican & Herald)

    HAZLETON — Whether projects to allow airports in Pittsburgh and New York to handle cargo will compete with a proposed cargo airport near Hazleton will be determined by a study already under way, a state senator said.
    2008-02-23 01:17:25

  • News > Making A Buzz (Queens Courier)

    St. Gregory’s Theatre Group will present their production of “The Mousetrap” at 8 p.m. on Thursday, February 21, Friday, February 22 and Saturday, February 23 and at 2 p.m. on Sunday, February 24.
    2008-02-23 01:35:16

  • Bond Insurer Plans a Split to Protect Ratings (NYTimes.com via Yahoo! Finance)

    Ambac Financial Group plans to split itself in two and raise $3 billion, a person who has seen the plan said on Friday. The move could help restore confidence in the credit markets.
    2008-02-23 01:40:14

  • Word of Bailout for Insurer Lifts Market (NYTimes.com via Yahoo! Finance)

    Wall Street staged a turnaround late Friday after word that a bailout plan for the troubled bond insurer Ambac Financial Group could be announced next week.
    2008-02-23 01:40:15

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