Mortgage and Financial News From 2008-1-1 Page 8

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  • Rochester Rings in 2008 (R News)

    Nearly a million people in Times Square and thousands in downtown Rochester watched a ball drop, an elevator climb and fireworks fill the sky of the first day of 2008.
    2008-01-01 02:56:05

  • Fitness Resolutions Take Time (R News)

    Now that the new year is officially underway, it's time to tackle those resolutions. For some, a top priority is taking on a healthier lifestyle; that means working out.
    2008-01-01 03:40:45

  • ANC readies for 'January 8' address (iafrica.com)

    When the ANC presents its traditional "January 8" statement on its 96th birthday at a gathering in Pretoria next week, it will have to contend with the new charges its newly elected president faces — and reported threats against the authority of his predecessor President Thabo Mbeki.
    2008-01-01 09:57:56

  • Stock Bulls' Five Cheers

    Wall Street Journal - Financial companies were the primary culprits, taking huge markdowns on the value of their subprime-mortgage-related holdings. But earnings in many other sectors remained in decent shape. For instance, analysts expect earnings growth of 23% for the S ...
    2008-01-01 07:24:00

  • Shrinking Wall St bonuses may curb luxury spending

    Economic Times - Merrill Lynch chief executive Stan O’Neal and Morgan Stanley co-president Zoe Cruz were ousted after their companies posted huge mortgage-related losses. Citigroup’s Charles Prince quit as its CEO, and there has been talk that Citigroup could ...
    2008-01-01 07:10:00

  • Exchanges count cost as delisting hits record of $460bn

    Daily Telegraph - The value of companies taken private more than doubled last year to a new record as private equity firms reaped the rewards ... The meltdown of the sub-prime mortgage market and subsequent credit crunch has stymied private equity firms' efforts to ...
    2008-01-01 08:14:00

  • More Aid Needed for Housing Market: White House

    CNBC - One idea that has been under consideration by the administration and Congress is allowing mortgage finance companies Fannie Mae and Freddie Mac to buy loans above the current ceiling of $417,000, mortgages known as jumbo loans, he said
    2008-01-01 02:38:00

  • US unemployment to rise, production may take a hit

    Economic Times - Residential construction has fallen for seven consecutive quarters, weakening job growth as builders, mortgage companies and manufacturers reduce staff. The collapse of the subprime mortgage market in August hastened firings at financial companies ...
    2008-01-01 05:37:00

  • Stocks suffer, but exchanges keep smiling

    Daily Telegraph - While it is often referred to as a UK index, the FTSE 100 is really a barometer for the global economy, with many constituent companies doing business all over the world. If sub-prime mortgage defaults in the trailer parks of Alabama ...
    2008-01-01 08:14:00

  • US credit crunch may hit Wall Street outlook - Gulf Daily News

    US credit crunch may hit Wall Street outlookGulf Daily News, Bahrain - 4 hours agoCredit flows have tightened because big banks have lost billions of dollars in mortgage-related investments, which has forced them to curtail lending and ...
    2008-01-01 05:06:49

  • Former N Rock chairman faces test with share issue - Financial Times

    Former N Rock chairman faces test with share issueFinancial Times, UK - 3 hours ago... of troubled UK mortgage lender Northern Rock, will this year test whether his image with investors has recovered from his role at the embattled company. ...
    2008-01-01 06:02:12

  • Photo: Sun News Publishing - Daily Sun

    Photo: Sun News PublishingDaily Sun, Nigeria - 2 hours agoAs I write, pen- in- hand, Citi and Merrill are facing serious uncertainty as a result of mortgage crisis that they are enmeshed with. ...
    2008-01-01 06:33:07

  • OTCPicks.com Stocks to Watch for Wednesday - TransWorldNews (press release)

    OTCPicks.com Stocks to Watch for WednesdayTransWorldNews (press release), GA - 2 hours agois a specialty consumer mortgage banking company providing a broad array of residential mortgage products mostly to prime credit borrowers seeking ...
    2008-01-01 06:49:13

  • Singapore's GDP Unexpectedly Shrinks on Weaker Output (Update3) - Bloomberg

    Singapore's GDP Unexpectedly Shrinks on Weaker Output (Update3)Bloomberg - 1 hour agoSingapore's fourth-quarter figures give economists an insight into how turmoil in global markets and the subprime- mortgage crisis in the US, the region's ...
    2008-01-01 07:51:09

  • Investors should expect volatility in markets in 2008 - Kansas City Star

    Investors should expect volatility in markets in 2008Kansas City Star, MO - 50 minutes agoThe wobbling financial sector is certain to announce another round of massive write-downs and earnings calamities, as fallout from the subprime mortgage ...
    2008-01-01 08:21:40

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