Mortgage and Financial News From 2008-3-17 Page 9

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  • Excel Maritime Carriers 4Q net income rises, revenue tops Street ...

    Forbes - The latest results included unrealized losses of $200,000, or a penny a share, related to the existence of interest rate swaps that do not qualify as hedge accounting.
    2008-03-17 01:39:00

  • Sector Glance: Electric Utilities

    CNN Money - BSC) and investor nervousness about shaky credit markets. The movement in the shares also follows a decision by the Fed on Sunday to cut a key interest rate by a quarter of a percentage point to help ward off a recession. Here's how some electric ...
    2008-03-17 01:39:00

  • Polish wages up, cement March rate hike expectations

    Guardian Unlimited - WARSAW, March 17 (Reuters) - Polish corporate wages continued their double-digit rise in February, cementing expectations the central bank will raise interest rates again at the end of this month. The statistics office reported wages rose by a higher ...
    2008-03-17 09:36:00

  • Treasuries Rise; 3-Month Bill Rates Fall to Lowest Since 1950s

    Bloomberg - Futures contracts on the Chicago Board of Trade show traders are betting the central bank will slash its target interest rate by at least 1 percentage point tomorrow from 3 percent.
    2008-03-17 01:39:00

  • Closing Glance: Household Products

    Forbes - The drop also follows a decision by the Fed Sunday to cut a key interest rate by a quarter of a percentage point to help ward off a recession.
    2008-03-17 01:03:00

  • Sector Glance: Specialty Retailers

    CNN Money - Meanwhile, the Federal Reserve cut a key interest rate by a quarter of a percentage point to help stave off a recession. How some specialty retailers' stocks ended the day:
    2008-03-17 01:10:00

  • Bernanke May Run Low on `Ammunition' for Rates, Balance Sheet

    Bloomberg - They're using up their ammunition on the liquidity and overnight interest-rate fronts,'' said Lou Crandall , chief economist at Jersey City, New Jersey-based Wrightson ICAP LLC, a unit of ICAP Plc, the world's largest broker for banks and other ...
    2008-03-17 01:10:00

  • Fed aggressive on financial front

    Forbes - WASHINGTON (AP) - The Federal Reserve is primed to aggressively cut a key interest rate even lower on Tuesday, racing to contain spreading financial fires that threaten an economic meltdown. President Bush declared 'we're in challenging times' and ...
    2008-03-17 01:10:00

  • U.S. 3M bill rate falls below 1 pct on safety bids

    Reuters - NEW YORK, March 17 (Reuters) - The interest rate on U.S. 3-month Treasury bills fell below 1 percent on Monday on intense safety bids for cash spurred by the ongoing global credit crunch. The three-month T-bill rate was last 0.85 pct, down 32 basis ...
    2008-03-17 09:07:00

  • Brazil's Real Weakens After Fed Rate Cut, Bear Stearns Collapse

    Bloomberg - March 17 (Bloomberg) -- Brazil's real fell as investors shunned higher-yielding securities after the Federal Reserve cut its discount interest rate in an emergency move and JPMorgan Chase & Co. agreed to purchase Bear Stearns Cos. for less than a ...
    2008-03-17 01:32:00

  • Recession, mes-mession

    North County Times - For her to compare World War II internment camps and the 1960s civil rights struggle to today's illegal immigration as ... during the last three months of 2007, the highest level in 23 years, according to a report Thursday by the Mortgage Bankers ...
    2008-03-07 03:57:00

  • Utility hikes proposed to repair streets

    Tulsa World - During a meeting on the subject earlier this week, Councilor Cason Carter questioned how the Tulsa rates would compare ... Our trash rates are already double what they should be since we're still paying as though the mortgage on the trash ...
    2008-03-07 03:57:00

  • David Mamet: Why I Am No Longer a 'Brain-Dead Liberal'

    Village Voice - Joe has to pay his Fannie Mae underwritten Mortgage and his below market federal student loan because some stupid liberal decided that Joe and the government would be better off if he was educated and earned more money over his life-time. Joe is home ...
    2008-03-10 05:58:00

  • Letters to the editor (March 14)

    Corvallis Gazette-Times - Who’s really to blame for mortgage crisis? I think this information buried in the ... Devine's use of the "s" word can't compare with Mayor Kitty Piercy of Eugene (12 ... loans – saving the borrowers thousands of dollars in fees and interest rates.
    2008-03-15 05:59:00

  • When the spuds died

    International Herald Tribune - Prices tumbled just as the grain bought months before at inflated rates began ... on the British mindset that it is the benchmark against which commentators compare ... year to save the Northern Rock bank from a collapse caused by the subprime mortgage ...
    2008-03-16 06:24:00

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