Mortgage and Financial News From 2008-3-7
Previous Day: 2008-03-06
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Stocks drop as economy fears grow (Contra Costa Times)
NEW YORK -- Stocks tumbled Thursday as the ailing credit market and a spike in home foreclosures intensified the market's worries about a sagging economy.
2008-03-07 03:53:47 -
3 Rescued From Apartment Fire (WRTV Indianapolis)
Three people are rescued from an apartment fire on Indianapolis' west side Friday morning.
2008-03-07 03:53:49 -
Oil keeps breaking records (Contra Costa Times)
NEW YORK -- Crude oil futures rose to another record close Thursday, boosted once more by the dollar's continuing slide to new lows against the euro. At the pump, meanwhile, gas prices extended their own advance toward record levels.
2008-03-07 03:54:48 -
Patriots Ink CB Sanders And S Williams (WMTW Auburn)
The New England Patriots signed free agent cornerback Lewis Sanders and free agent safety Tank Williams on Thursday. As per club policy, terms of the deals were not disclosed.
2008-03-07 03:57:18 -
Heavy Rain Forecast Prompts Flood Watch (WCVB Boston)
Heavy, soaking rains forecast for Friday night through Saturday have meteorologists warning residents about possible flooding in the Bay State this weekend.
2008-03-07 03:57:30 -
Rates Hit House Prices Across Europe
Sky.com - Instead, it has said higher interest rates were the main reason for the slowdown. ... rising as fast as they had during previous housing market downturns and added that "this gives optimism that the current ...
2008-03-04 09:23:00 -
Bank of Korea keeps interest rate steady for the seventh straight ...
CNBC - ... were expecting the Bank of Korea (BoK) to keep the status quo, while two were expecting an early reduction in interest rates. ... Between October 2005 and August 2007, the central bank raised its call rate target by 175 basis points to the current six ...
2008-03-05 03:59:00 -
Nassau wants to buy back $2B debt
Newsday - County officials said yesterday they are looking to immediately refinance $720 million in "auction rate" securities, which are costing Nassau millions of dollars in unexpectedly high interest rates because of the current credit crisis.
2008-03-05 05:51:00 -
JGB futures hit 2-1/2-year high on credit worries
Forbes - ... grew that a downturn in the U.S. economy will slow the Japanese economy and may prompt the Bank of Japan to cut interest rates ... Ito will replace current Deputy Governor Kazumasa Iwata as being a dove, he added.
2008-03-06 11:08:00 -
Adelaide Bank outdoes RBA on rate rises
News.com.au - I can tell you one thing for free, the banks have no respect for the current PM and Treasurer. I don't think anyone voted for Kevin07 to get lower interest rates.
2008-03-04 07:35:00 -
Japanese government to propose Muto as central bank head to divided ...
International Herald Tribune - The Bank of Japan ends a two-day policy board meeting Friday, where it is widely expected to keep interest rates unchanged. That will be the last policy meeting under the current bank leadership headed by Fukui.
2008-03-06 07:40:00 -
Mortgage bills rising at the 'fastest pace in living memory' despite ...
Daily Mail - Ray Boulger warned it was becoming much more expensive to take out a loan, on the day the Bank of England decided to hold interest rates at their current level.
2008-03-06 03:30:00 -
UPDATE 1-Fugro 2007 operating profit up 54 pct
Reuters - Earnings before interest and taxes (EBIT) reached 324.8 million euros, compared with ... business line, which resulted in a high utilisation of capacity at good rates ... said it expected further growth in revenue and net profit in 2008 under current ...
2008-03-06 11:51:00 -
European Bonds May Gain for Second Day on Risk, Growth Concerns
Bloomberg - German bunds, Europe's benchmark, headed for a weekly gain after the European Central Bank kept interest rates on hold yesterday ... The current monetary-policy stance will contribute'' to keeping inflation under control, ECB President Jean-Claude ...
2008-03-06 11:15:00 -
Interest rates not changed in Europe
Raleigh News & Observer - FRANKFURT, GERMANY - The European Central Bank and the Bank of England left their interest rates unchanged ... confident that growth is strong enough and inflationary pressures pressing enough to justify current policy. The Bank of England kept rates ...
2008-03-06 11:36:00