| Personal Finance Headlines |
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| Treasuries move higher on concerns about economy
(AP)
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| AP - Treasury bonds rose Monday as investors fled the stock market amid growing concerns about the financial sector. A Federal Reserve official warned that financial companies' problems might worsen, and a Wall Street analyst raised questions about government lenders Freddie Mac and Fannie Mae. -- read full article |
| Mon, 07 Jul 2008 21:24:29 GMT - Yahoo! News: Personal Finance News |
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| Financial worries weigh on Wall Street
(Reuters)
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| Reuters - Stocks fell on Monday on concerns that
the top two mortgage providers would have to raise even more
capital, severely devaluing existing shareholders' stakes,
while big energy companies fell along with oil prices.
-- read full article |
| Mon, 07 Jul 2008 21:35:48 GMT - Yahoo! News: Personal Finance News |
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| Stocks fall on worries about financial sector
(AP)
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| AP - Wall Street lost more ground in extremely volatile trading Monday, as investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac.
-- read full article |
| Mon, 07 Jul 2008 21:39:52 GMT - Yahoo! News: Personal Finance News |
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| IndyMac stops new loans, to cut work force by half
(AP)
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| AP - Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.
-- read full article |
| Mon, 07 Jul 2008 23:20:29 GMT - Yahoo! News: Personal Finance News |
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| Freddie Mac, Fannie Mae shares pummeled
(Reuters)
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| Reuters - Fannie Mae and Freddie Mac
shares plunged to their lowest in nearly 16 years on
Monday while costs to insure their debt against default rose on
concern the two largest U.S. mortgage funders may need to raise
vastly more capital amid larger-than-expected losses. -- read full article |
| Tue, 08 Jul 2008 01:27:46 GMT - Yahoo! News: Personal Finance News |
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| Treasuries move higher on concerns about economy
(AP)
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| AP - Treasury bonds rose Monday as investors fled the stock market amid growing concerns about the financial sector. A Federal Reserve official warned that financial companies' problems might worsen, and a Wall Street analyst raised questions about government lenders Freddie Mac and Fannie Mae. -- read full article |
| Mon, 07 Jul 2008 18:18:38 GMT - Yahoo! News: Personal Finance News |
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| Stocks fall on economic worries, earnings jitters
(AP)
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| AP - Stocks turned lower Monday as investors reacted to cautious remarks about the economy by a Federal Reserve official and worried about the financial health of Fannie Mae and Freddie Mac. Treasurys rose sharply as investors sought the safety of government debt.
-- read full article |
| Mon, 07 Jul 2008 18:49:37 GMT - Yahoo! News: Personal Finance News |
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| TPG pulls out of Bradford & Bingley plan
(AP)
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| AP - Bradford & Bingley PLC said Friday it is revising its plans to raise new capital after U.S. private equity fund Texas Pacific Group pulled out of its agreement to invest more than $350 million in the mortgage banker. -- read full article |
| Fri, 04 Jul 2008 18:18:36 GMT - Yahoo! News: Personal Finance News |
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| Housing market seen getting worse
(Reuters)
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| Reuters - An even gloomier scenario may be in
store for an already ailing U.S. housing market if the overall
economy slips into a recession, according to UBS Securities
analysts.
-- read full article |
| Thu, 03 Jul 2008 15:54:50 GMT - Yahoo! News: Personal Finance News |
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| Gov. pushing plan to help struggling NC homeowners
(AP)
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| AP - Gov. Mike Easley called on state lawmakers Tuesday to make up for the federal government's inaction by approving a measure to help some struggling North Carolina homeowners by giving them more latitude to repay their debt. -- read full article |
| Tue, 01 Jul 2008 21:49:03 GMT - Yahoo! News: Personal Finance News |
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