Mortgage and Financial News From 2007-10-26 Page 2

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  • Credit crunch won't stall $10bn Wesfarmers loan

    Sydney Morning Herald - ... on the loans have not been disclosed, but Wesfarmers has used a rate of 7.45 per cent in its scheme booklet to calculate its ... Some market commentators speculate the mortgage-backed securities market in the US may never reappear in their current form. ...
    2007-10-26 08:00:00

  • Personal Business -- Plus

    BusinessWeek - The subprime mess has put a black mark on any investment with "mortgage-backed" in its name. But former Fidelity Investments ... The disclosures in companies' 10-Ks are also of limited use, since they rely on a different formula to calculate pension ...
    2007-10-26 10:52:00

  • Nine Hospitals Fined Under New Patient Safety Law (KTVU 2 San Francisco)

    SACRAMENTO -- The state Department of Public Health fined nine hospitals at least $25,000 each for violations it said caused or were likely to cause serious harm or death to patients.
    2007-10-26 01:01:09

  • The Three Surges

    Slate - Op-ed piece waiting to happen--The Three Surges: Will three surges late in his term save Bush's presidency? 1) Petraeus' 'surge' in Iraq ; 2) Bernanke's rate-cutting liquidity surge to prevent the economy from sliding into recession; 3) The new ...
    2007-10-26 02:27:00

  • FPB Bancorp, Inc. Reports Third Quarter Results

    MSN MoneyCentral - LUCIE, Fla., Oct. 26, 2007 (PRIME NEWSWIRE) -- FPB Bancorp, Inc. (Nasdaq:FPBI), a Florida bank holding company whose ... statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate ...
    2007-10-26 01:51:00

  • Dollar surges past US91c

    News.com.au - In the United States, where the housing sector continues to be affected by problems in the sub-prime mortgage market, interest rates are expected to fall by the end of October. A widening of the interest rate differential between Australia and the US ...
    2007-10-26 07:32:00

  • Kroger, Beattie discuss election campaign

    Australian Broadcasting Corp. - Well, it hasn't been a great week for the Federal Government on the economic front, with all signs now pointing to the first interest rate rise ever during an election campaign. Michael Kroger, will the Prime Minister now be regretting the huge focus ...
    2007-10-26 03:46:00

  • Sluggish Nissan seeks to move up a gear

    Daily Telegraph - Nissan posted a 23pc slump in first-half profits as its tax rate rose and a weak ... with Renault, said the outlook for sales in the US was also poor as the sub-prime ... We have already a lot of orders" for the GT-R in Japan and saw strong interest in the ...
    2007-10-26 03:53:00

  • Australia treasurer tries to avert rate rise

    Financial Times - The government of John Howard, prime minister, which is trailing the opposition Labor party in the polls, faces the ... Mr Costello also questioned the central bank’s interest rate modelling methodology. He signalled that Glenn Stevens, Reserve ...
    2007-10-26 10:31:00

  • Jobs are worth an interest rate rise - PM

    News.com.au - The Coalition appears to be preparing for the inevitable fall-out of a rate rise, with the Prime Minister also admitting that a Liberal advertisement during the 2004 campaign promising to "keep interest rates at record lows" was dishonest and had to ...
    2007-10-26 09:15:00

  • Rate hike 'will force farmers off land' (Adelaide Now)

    DEPUTY Prime Minister Mark Vaile has warned the nation's central bank that another interest rate rise could be the final straw for farmers thinking of leaving the land.
    2007-10-24 10:51:00

  • Jobs are worth an interest rate rise - PM (Daily Telegraph)

    JOHN Howard has placed the goal of full employment higher than any other economic measure as the Coalition braces itself for a rise in official interest rates in the middle of the election campaign.
    2007-10-26 01:00:00

  • Can you contain your excitement?

    Gulf News - They heavily bought DP World securities earlier this year when the company raised $3.25 billion in Islamic and conventional bond sales to refinance existing debt and fund its expansion. The share price is going to be determined through a book-building ...
    2007-10-26 05:47:00

  • LabCorp takes out $1B credit line

    Triangle Business Journal - LabCorp has taken out a $1 billion, five-year credit line to refinance its debt, pay down expenses and finance future acquisitions. The Burlington-based laboratory services provider said Friday that Credit Suisse will act as the bookrunner for the ...
    2007-10-26 04:57:00

  • US mortgage firm sees $1.2bn loss

    BBC Business - Earlier this week, Countrywide promised to set new terms or refinance $16bn worth of mortgages, in a bid to help those struggling to make payments. News of the turnaround comes after the firm announced 12,000 job losses in September as part of wider ...
    2007-10-26 10:45:00

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