Mortgage and Financial News From 2008-4-1 Page 2
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Fear and offloading (Moneymanager)
Fear continues to grip shareholders around the world as the credit crunch deepens and the United States teeters on the edge of recession. From New York to London, the red ink is flowing as billions of dollars are being wiped from the savings of hundreds of millions of people.
2008-04-01 07:50:48 -
UBS, Lehman Raisings May Signal Rout Is Nearing End (Update2) (Bloomberg.com)
April 2 (Bloomberg) -- Securities sales by UBS AG , the world's largest money manager, and Lehman Brothers Holdings Inc. underpinned a rally in financial stocks that may signal an end to eight months of market turmoil.
2008-04-01 07:57:49 -
More News (Daily Breeze)
Sorry, no items are currently available. Eds: AMs. Stock prices are as of 4 p.m. Eastern Time.
2008-04-01 02:46:17 -
March auto sales drop, GM off 13 percent (Washington Post)
DETROIT (Reuters) - U.S. auto sales dropped in March, led by a 13 percent decline at General Motors Corp (GM.N), as weak housing and tight credit markets pushed the battered industry to a weak close for the first quarter.
2008-04-01 02:57:48 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Lehman raises $4 billion of capital to hush critics
2008-04-01 02:59:46 -
UPI NewsTrack Business (Moldova.org)
Bullish attitude prevails TuesdayNEW YORK, April 1 (UPI) -- Major U.S. stock indexes made strong gains Tuesday with investors finding confidence on the first day of the second quarter.There's hasn't been much middle ground, Todd Salamone, vice president of research at Schaeffer's Investment Research, told The Wall Street Journal. They're either jumping head-first into the riskiest investments, ...
2008-04-01 03:12:37 -
Big 3 Canadian sales drop 6.9 per cent in March (Windsor Star)
The Detroit automakers took another drubbing again in the March sales race, collectively losing market share in Canada to the overseas carmakers and suffering double-digit sales declines in the U.S.
2008-04-01 03:28:44 -
Senate Moves Ahead on Bills to Deal With Housing Slump (NYTimes.com via Yahoo! Finance)
The 94-to-1 Senate vote was a clear sign of a growing consensus that further government intervention is needed to stem the crisis.
2008-04-01 03:39:29 -
Wall Street leaps as anxiety over banks eases (Muzi)
NEW YORK (AP) -- Wall Street began the second quarter with a big rally Tuesday as investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.
2008-04-01 04:04:27 -
200,000 US banking jobs at risk from subprime crisis (Straits Times)
NEW YORK - THE US financial industry has been shedding jobs at a record clip, and some analysts predict the pace will only accelerate over the next year-and-a-half as banks cut costs in the face of the housing market slump and the weak economy.
2008-04-01 04:06:28 -
Leveraged loans decline by record as bank losses deepen (Express India)
UBS AG, the European bank with the highest losses from the US subprime crisis, reported a second straight quarterly loss on Tuesday after an additional $19 billion of write downs.
2008-04-01 04:10:09 -
NovaStar Financial Reports Loss for 2007 (AP via Yahoo! Finance)
Mortgage lender NovaStar Financial Inc. lost $733.1 million in 2007 and may not generate enough revenue in coming months to keep the doors open, the company said Tuesday in a regulatory filing.
2008-04-01 02:06:47 -
Manufacturing data dampens hopes of cut in interest rates (The Herald)
An unhappy combination of weak growth and inflationary pressures in a closely-watched survey of the UK manufacturing sector yesterday highlighted again the difficult interest-rate decisions facing the Bank of England.
2008-04-01 02:07:53 -
Optimism sees Wall Street surge (Australian Broadcasting Corporation)
Stock prices have roared ahead on Wall Street, with US investors thinking they can see light at the end of the credit crunch tunnel.
2008-04-01 02:08:32 -
Questions And Answers – Tuesday April 1, 2008 (Scoop.co.nz)
1. KEITH LOCKE (Green) to the Prime Minister: Will she ensure journalists travelling with her, as part of the delegation she is leading to China next week, will enjoy normal press freedoms as outlined in international human rights treaties; if not, why not?
2008-04-01 02:14:56