Mortgage and Financial News From 2008-3-10 Page 10

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  • Colin James: When going gets tough, tax cuts get mandatory (The New Zealand Herald)

    A slowdown hurts the poor first. No one much notices, except food banks, which for some time have been reporting rising demand, and budget advice services, helping people trapped in loan-shark debt and/or skewered by rising prices for essentials.
    2008-03-10 10:04:31

  • U.K. Regulator Sets Up Supervisory Arm, Hires Manager (Update1) (Bloomberg.com)

    March 10 (Bloomberg) -- The U.K.'s Financial Services Authority , the watchdog agency criticized for its handling of the collapse of mortgage lender Northern Rock Plc, said it plans to create a supervisory unit headed by an ex- IBM Corp.
    2008-03-10 10:29:57

  • An Obama-Rezko primer (The Kansas City Star)

    Sen. Hillary Rodham Clinton has been questioning her rival Sen. Barack Obama's relationship to political donor Tony Rezko, now on trial for fraud - particularly Rezko's involvement in the purchase of Obama's Chicago home. Here's a look at what's going on and what it means:
    2008-03-10 10:31:52

  • Market continues slide for third session on record-high oil, financial woes (The Forex Market)

    NEW YORK (Thomson Financial) - U.S. stocks continued their slide for a third-straight session Monday, as crude oil hit a new record high. Financials are leading decliners amid heightened liquidity concerns and reports of a criminal probe into Countrywide's financial statements.
    2008-03-10 10:39:15

  • LUNCH WITH BS: Rashesh Shah (Business Standard India)

    As with India, luck and grit played an equal role in Edelweiss Capital taking off as a global-style full-fledged investment bank. Rashesh Shah is not your typical Gujarati businessman.
    2008-03-10 11:53:01

  • Canada Afternoon: C$ Ends Lower As Risk Aversion Mounts (The Forex Market)

    TORONTO (Dow Jones)--The Canadian dollar ended substantially lower Monday as market participants sold the currency in response to mounting risk aversion in financial markets as equities and high-yielding, commodity-linked currencies sold off and the yen rallied.
    2008-03-10 01:09:02

  • FBI launches probe of Countrywide Financial (Dayton Business Journal)

    The Federal Bureau of Investigation is investigating Countrywide Financial Corp. for possible securities fraud, checking whether the company made misrepresentations about its financial state and the condition of its mortgages in its financial filings, according to news reports over the weekend. (BAC) (CFC)
    2008-03-10 11:10:39

  • U.S. Stocks Retreat, Led by Financials; Bear Stearns Tumbles (Bloomberg.com)

    March 10 (Bloomberg) -- U.S. stocks fell for a third day, led by a plunge in financial shares, on speculation earnings estimates will prove to be too high as the economy slows and credit losses spread.
    2008-03-10 11:25:16

  • The outrageous world of Britain's premier punter (Belfast Telegraph)

    Harry Findlay is distraught. After a couple of ales, he wants a proper meal. But the restaurants are all closed, and he is stuck with the burger van behind Bath Abbey. The stained-glass windows are disappearing into gloomy eddies of mist. As he waits, Findlay rings one of his betting partners. " Any wickets yet?"
    2008-03-10 11:28:36

  • Jury Selection in Nicolo Case (R News)

    Jury selection is underway in the case of a man charged in a kickback scheme involving Kodak property assessment. John Nicolo was a local appraiser. Nicolo is accused of conspiring to illegally lowering the tax assessment on Kodak property in the town of Greece.
    2008-03-10 11:34:19

  • Stocks Slide as Oil Surges (NYTimes.com via Yahoo! Finance)

    Stocks sank as oil’s surge above $107 a barrel and more worrisome signs for the financial sector led investors to extend last week’s losses.
    2008-03-10 11:41:03

  • (AFX UK Focus) 2008-03-10 18:46 GMT: Stocks fall on mixed news, surging oil (Interactive Investor)

    NEW YORK (AP) - Stocks sank Monday, as oil's surge above $108 a barrel and more worrisome signs for the financial sector led investors to extend last week's losses. The Dow Jones industrial average lost more than 100 points while broader indexes showed steeper losses.
    2008-03-10 11:57:24

  • Commonwealth Bank hikes rates 0.35pc

    News.com.au - Banking Property Insurance Superannuation Investing Guides & Tools Blogs Entertainment ... From this week Westpac customers will be hit with a 9.27 per cent standard variable mortgage rate, an increase of 0.30 per ...
    2008-03-10 06:38:00

  • Richard Branson voted the best boss

    News.com.au - Banking Property Insurance Superannuation Investing Guides & Tools Blogs Entertainment ... Interest rates still our biggest worry We want him: Richard Branson voted the best boss Abuse: Name to blame over mortgage ...
    2008-03-10 08:25:00

  • This Year's Stimulus Rebate Is One Incentive to Finish Filing

    Washington Post - In another benefit to homeowners, people can now write off the premium payments on their mortgage insurance. Like many other deductions, this benefit phases out the higher a person's income gets.
    2008-03-08 10:41:00

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