Mortgage and Financial News From 2008-2-5 Page 21

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  • Dow Drops 370 On Recession Fears (WLBZ Bangor)

    NEW YORK (AP) -- Stocks pulled back sharply for the second straight session Tuesday, after an unexpected contraction in the service sector rekindled investors' worry that the economy is headed for recession. The major stock indexes were all off about 3%, while bond prices surged.
    2008-02-05 06:28:35

  • Deutsche Bank May Miss Profit Goal Even After Dodging Subprime (Bloomberg.com)

    Feb. 6 (Bloomberg) -- Deutsche Bank AG, Germany's largest bank, may fall short of Chief Executive Officer Josef Ackermann's profit goal for 2008 even after sidestepping the worst of the U.S. subprime mortgage crash.
    2008-02-05 06:33:54

  • McCain Adds Connecticut To Win Column (NBC 30 Connecticut)

    John McCain notches primary election victories in Connecticut, Illinois and New Jersey.
    2008-02-05 05:27:48

  • Macquarie Names Moore to Replace Chief Executive Moss (Update5) (Bloomberg.com)

    Feb. 6 (Bloomberg) -- Macquarie Group Ltd.'s investment banking head Nicholas Moore will replace Chief Executive Officer Allan Moss, who is retiring after almost 15 years at the helm of Australia's biggest securities firm.
    2008-02-05 06:57:04

  • Rates agony: expect to be bitten again (Whyalla News)

    HOME OWNERS reeling from the 11th official interest rate rise in a row should brace for worse to come - possibly as soon as next month - after the Reserve Bank warned of "significant inflation pressures" on the economy.
    2008-02-05 06:00:37

  • Trap for young spinners (Crikey)

    Few readers will recall the "Whip Inflation Now" campaign, Gerry Ford’s ill-fated attempt to spur a grassroots movement to combat inflation by changing American’s spending and saving habits.
    2008-02-05 06:02:01

  • Jeremy Warner's Outlook: BHP acts as if Chinalco never happened (Independent)

    Marius Kloppers, chief executive of BHP Billiton, seems like a man determined to ignore the elephant sitting in the corner of the room. Last night's offer of 3.4 BHP shares for each Rio Tinto share is obviously a big improvement on what went before and might even have got the Rio board to the negotiating table but for one rather important fact.
    2008-02-05 06:20:06

  • David Hendricks: Uncle Sam making an offer you can't refuse (San Antonio Express-News/KENS 5)

    It's like money falling from the sky. While taxpayers count the days for their "economic stimulus" checks, those in Texas shouldn't forget about another gift from Congress -- the sales tax deduction.
    2008-02-05 06:27:08

  • Are you worried about repossession? (Daily Telegraph)

    The spectre of a housing market dogged by repossession orders looks set to become a reality once again.
    2008-02-05 06:27:21

  • Cut-price loan perks for Reserve Bank staff

    News.com.au - ... putting interest rates up - the lucky Reserve Bank staff enjoying bargain home loans with rates of ... obtained under Freedom of Information laws, shows it paid $590,810 in FBT on mortgage subsidies in 2006-07. The mortgages, known as the officers home ...
    2008-02-05 04:41:00

  • Homeowners endure gloomy start to 2008

    News.com.au - BANKS are reviewing their home loan interest charges after yesterday's official ... National Australia Bank and Westpac said they are reviewing their interest rates ... will mean an extra $50 a month in repayments for a household with a $300,000 mortgage ...
    2008-02-05 05:02:00

  • Buy-to-let adds £90 to average mortgage

    Guardian Unlimited - The typical home would have been £169,000 rather than £183,000. This will increase mortgage payments from £1,100 to £1,190 a month. ... He said other factors, such as "interest rates, the growing numbers of households ...
    2008-02-05 03:29:00

  • Commonwelath Bank raises home loan interest rate

    News.com.au - CBA, which is Australia's biggest mortgage lender, had already lifted the rate on its variable home loans by 10 basis points last month, despite no ... ANZ Banking Group Ltd and St George Bank Ltd both lifted their mortgage rates by 20 basis points ...
    2008-02-05 04:19:00

  • ACTU slams Commonwealth Bank for raising interest rates

    News.com.au - ... has accused the Commonwealth Bank of piling on the pain by lifting its standard home ... The interest rates the banks are passing on are the result of the American sub-prime mortgage market. Last time I checked, the Australian government doesn't have a ...
    2008-02-05 05:38:00

  • Recession Fears A Focus Wednesday

    Forbes - Home Business Tech Markets Entrepreneurs Leadership Personal Finance ForbesLife Lists ... The assertion that the Fed may take the ax to rates yet again at its March 18 ... preliminary report on fourth-quarter productivity and data on last week's mortgage ...
    2008-02-05 02:54:00

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