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| Business Headlines |
| Fannie, Freddie stocks and bonds plummet
(Reuters)
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| Reuters - A firestorm of anxiety hammered the
debt and shares of U.S. mortgage giants Fannie Mae and
Freddie Mac for a second day on Thursday as fears
mounted over their ability to raise the capital they need to
survive. -- read full article |
| Thu, 10 Jul 2008 17:32:24 GMT - Yahoo! News: Business |
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| Economy - Wednesday
(Investor's Business Daily)
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| Investor's Business Daily - The Mortgage Bankers Association said home loan applications rose in the week ended July 4, despite rising interest rates, to the highest level since early June. Refinance applications rose 8.7%. Demand for mortgages to buy a home grew 6.7%. The average rate for 30-year fixed-rate mortgages rose to 6.43% last week vs. 6.33% a week earlier. -- read full article |
| Wed, 09 Jul 2008 22:50:55 GMT - Yahoo! News: Business |
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| Wachovia names Steel CEO, sees loss
(Reuters)
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| Reuters - Wachovia Corp , the
fourth-largest U.S. bank, named senior Treasury Department
official Robert Steel chief executive, and said mortgage and
legal problems would result in a $2.6 billion to $2.8 billion
second-quarter loss, much larger than many analysts expected.
-- read full article |
| Thu, 10 Jul 2008 00:49:13 GMT - Yahoo! News: Business |
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| Economic outlook weaker with higher oil: panel
(Reuters)
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| Reuters - Higher U.S. energy prices, a
deteriorating labor market and falling stock prices have raised
the likelihood the world's richest economy will enter into
recession this year or has already done so, according to
forecasts of a closely watched panel of economists released on
Thursday. -- read full article |
| Thu, 10 Jul 2008 05:26:44 GMT - Yahoo! News: Business |
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| Stocks fall as oil rises, Cisco drops
(Reuters)
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| Reuters - Stocks fell on Wednesday as rising oil
prices renewed concerns about the impact of higher energy costs
on consumer spending, while a sharp drop in Cisco Systems Inc
shares sent the Nasdaq nearly 1 percent lower.
-- read full article |
| Wed, 09 Jul 2008 17:58:44 GMT - Yahoo! News: Business |
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