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| BAA told to sell two London airports
(Reuters)
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| Reuters - Airports operator BAA, owned by Spain's
Ferrovial , received a tougher-than-expected ruling
from Britain's competition regulator on Wednesday, which said
it should sell two of its three London airports because of
problems created by its near monopoly.
-- read full article |
| Wed, 20 Aug 2008 07:18:29 GMT - Yahoo! News: Business |
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| American Home to pay fraction of bankruptcy claims
(Reuters)
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| Reuters - American Home Mortgage Investment Corp
, which was among the largest U.S. home loan
providers before seeking bankruptcy protection a year ago, said
it will pay unsecured creditors no more than 5.9 cents on the
dollar as it liquidates assets. -- read full article |
| Tue, 19 Aug 2008 13:43:03 GMT - Yahoo! News: Business |
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| Inflation heats up as home building slows
(Reuters)
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| Reuters - U.S. wholesale prices shot up in
July at the fastest annual rate in 27 years, while home
builders cut back on construction as they worked through a glut
of unsold homes, government data showed on Tuesday.
-- read full article |
| Tue, 19 Aug 2008 17:31:29 GMT - Yahoo! News: Business |
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| Economy - Monday
(Investor's Business Daily)
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| Investor's Business Daily - Gov't-insured mortgages accounted for more than 29% of all loan applications in July vs. 8.4% a year earlier, said the Mortgage Bankers Assoc. The gov't market share hit a low of 5.8% 3 years ago. Demand for home loans backed by Federal Housing Administration has increased as private funding has dried up and the gov't has expanded the FHA's scope. FHA loans are insured by the gov't in the event of default, but the actual mortgages are made by major lenders. -- read full article |
| Mon, 18 Aug 2008 22:44:19 GMT - Yahoo! News: Business |
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| China banks face tough times
(Reuters)
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| Reuters - China's huge state banks are poised
to report strong profit growth for the first half in 2008,
thanks to wider margins and strong fee income, but funding
costs are expected to rise in the second half, eroding growth.
-- read full article |
| Tue, 19 Aug 2008 07:40:48 GMT - Yahoo! News: Business |
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