Mortgage and Financial News From 2008-1-18 Page 15

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  • GE Profit Rises, Aided by Overseas Sales - New York Times

    GE Profit Rises, Aided by Overseas SalesNew York Times, United States - 17 minutes ago... because insurers have lowered reimbursement rates. GE also has had to increase reserves aimed at any residual problems from subprime mortgage loans. ...
    2008-01-18 06:06:28

  • Clinton Critiques Bush, Obama on Economy, Taxes (NPR)

    All Things Considered , January 18, 2008 · Voters are gearing up for presidential caucuses in Nevada, where the Democratic contest is fierce and tight. Polls suggest a close race between Barack Obama, John Edwards and Hillary Clinton in Saturday's voting.
    2008-01-18 04:59:55

  • Merrill Posts Huge Loss; Chief Says Firm’s Capital Is Adequate (NYTimes.com via Yahoo! Finance)

    Merrill Lynch’s stock plummeted after it took a $16.7 billion write-down and had a $9.8 billion fourth-quarter loss.
    2008-01-18 05:40:28

  • What?s Behind Those Offers to Raise Credit Scores (New York Times)

    Borrowers should be wary of programs that play off their fears of losing their homes when mortgage rates reset to significantly higher levels.
    2008-01-18 05:56:23

  • Japan: Major Asian Markets Recover From Early Plunge On Hopes For US Economic Stimulus Measures (Sin Chew Jit Poh)

    TOKYO, JAPAN: Major Asian markets recovered from early plunges Friday (18 Jan) on hopes that Washington will soon propose measures to keep the U.S. economy from sliding into a recession. Investors snapped up shares that had been beaten down in recent weeks.
    2008-01-18 06:09:15

  • G.E. Profit Rises, Aided by Overseas Sales (New York Times)

    General Electric said its fourth-quarter profit rose 4 percent as surging overseas sales more than offset the fallout from domestic woes.
    2008-01-18 06:11:23

  • Fannie to Cut Dividend 30 Percent

    Forbes - Various companies exposed to the mortgage industry have announced plans to cut their dividend and/or raise capital to deal with billions of dollars in mortgage-related losses. Citigroup Inc. (nyse: C - news - people ) announced ...
    2008-01-18 02:10:00

  • US STOCKS-Wall St drops as Bush rescue plan disappoints

    Forbes - Financial firms absorbed the brunt of the selling, again, on worries over spreading subprime mortgage fallout, and were joined in the rout by telecommunications companies after Sprint Nextel (nyse: S - news - people ) announced big ...
    2008-01-18 01:42:00

  • Wall St. drops as Bush rescue plan disappoints

    Reuters - Financial firms absorbed the brunt of the selling, again, on worries over spreading subprime mortgage fallout, and were joined in the rout by telecommunications companies after Sprint Nextel announced big subscriber losses and thousands of layoffs. An ...
    2008-01-18 03:36:00

  • Homebuilders fall, led by ratings cuts at quartet of companies as ...

    CNBC - NEW YORK - Housing stocks sputtered Friday, with a quartet of builders leading the laggards after having their ratings cut further into "junk" status by Standard & Poor's. Standard Pacific fell 10 cents to $1.96; Meritage Homes Corp. plunged 41 cents ...
    2008-01-18 09:38:00

  • Wall Street bonuses down, but not out

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... Fortune 500 ), reported staggering losses and took billion of dollars worth of writedowns because of bad mortgage bets. In ...
    2008-01-18 03:15:00

  • Friedman mortgage lender files Chapter 11

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... ARLINGTON, Va. (AP) -- Investment bank Friedman Billings Ramsey Group said Friday that, as expected, its mortgage lending ...
    2008-01-18 03:58:00

  • Publishing Company Settles Software Suit With SIIA - InternetNews.com

    Publishing Company Settles Software Suit With SIIAInternetNews.com - 1 hour agoIn October, Florida Benchmark, a mortgage survey company, agreed to pay $150000 to settle a copyright infringement lawsuit brought against it by the SIIA on ...
    2008-01-18 04:20:48

  • Sub-prime cracks spread to infrastructure - Guardian Unlimited

    Sub-prime cracks spread to infrastructureGuardian Unlimited, UK - 1 hour agoThe ill effects of the sub-prime mortgage crisis have now spread into one of the bedrocks of the financial market, raising concerns that the credit crunch ...
    2008-01-18 04:21:44

  • Prime Minister is wise to look to the East - Scotsman

    Prime Minister is wise to look to the EastScotsman, United Kingdom - 1 hour agoThat attitude has changed dramatically of late given the critical funding needs of its biggest banks in the wake of the subprime mortgage collapse. ...
    2008-01-18 04:27:47

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