| Personal Finance Headlines |
| Getting Smarter on School Loans
(BusinessWeek Online)
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| BusinessWeek Online - For years, college students and their parents have relied heavily on credit cards, home equity, and private loans to pay for school, according to a recent survey provided exclusively to BusinessWeek. But those sources of cash are drying up. On Aug. 6, Wachovia joined the more than 150 financial firms that have fled the private student-loan business. And Morgan Stanley froze home-equity lines for some clients. -- read full article |
| Thu, 14 Aug 2008 12:08:45 GMT - Yahoo! News: Personal Finance News |
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| Credit jitters, surging oil hurt stocks
(Reuters)
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| Reuters - Stocks fell on Wednesday, as
persistent concerns about the credit crisis hurt bank shares
while a rebound in oil prices and weak outlooks at some
retailers raised anxieties about consumer spending.
-- read full article |
| Wed, 13 Aug 2008 20:43:46 GMT - Yahoo! News: Personal Finance News |
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| Greenspan sees house price bottom in 2009: report
(Reuters)
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| Reuters - Former Federal Reserve
Chairman Alan Greenspan predicts U.S. house prices will begin
to stabilize in the first half of next year, even as he faulted
the government's rescue of mortgage market giants Fannie Mae
and Freddie Mac, the Wall Street Journal reported on Thursday.
-- read full article |
| Thu, 14 Aug 2008 07:19:56 GMT - Yahoo! News: Personal Finance News |
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| Credit jitters, oil hit Wall St
(Reuters)
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| Reuters - U.S. stocks slid on Wednesday as
financial shares sold off for a second straight day on fresh
concerns about the widening impact of the mortgage crisis on
the U.S. economy's outlook.
-- read full article |
| Wed, 13 Aug 2008 18:08:07 GMT - Yahoo! News: Personal Finance News |
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| UBS posts Q2 loss, announces reorganization
(AP)
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| AP - UBS AG, one of the hardest-hit banks in the subprime mortgage crisis, announced Tuesday that it is reorganizing into three distinct businesses after reporting a large quarterly loss and taking another $5.1 billion hit in writedowns.
-- read full article |
| Tue, 12 Aug 2008 22:23:29 GMT - Yahoo! News: Personal Finance News |
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| JPMorgan shares tumble on widening 3Q losses
(AP)
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| AP - JPMorgan Chase & Co. shares tumbled nearly 10 percent Tuesday as the bank's disclosure about escalating losses in its mortgage portfolio set off new concerns about the health of the overall financial sector. An analyst's lowering of the bank's earnings estimates and price target contributed to the decline.
-- read full article |
| Tue, 12 Aug 2008 22:25:00 GMT - Yahoo! News: Personal Finance News |
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| Financials weigh on Wall St
(Reuters)
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| Reuters - Renewed credit concerns knocked down
shares of the major U.S. banks on Tuesday, driving the Dow and
S&P 500 lower, and offsetting a decline of $1 in the price of
the barrel of U.S. crude oil.
-- read full article |
| Tue, 12 Aug 2008 17:34:32 GMT - Yahoo! News: Personal Finance News |
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