Mortgage and Financial News From 2008-9-3 Page 5
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Bank of England feels heat amid mounting fears of recession - Guardian Unlimited
The pressure on the Bank of England intensified today as it began its two-day meeting to set interest rates as food inflation continued to rise and Britain's services sector shrank for a fourth consecutive month. The bank's monetary policy committee ...
2008-09-03 07:04:00 -
Reuters Canada Business Summary (The Globe and Mail)
WASHINGTON (Reuters) - Teck Cominco Ltd has received approval from U.S. antitrust authorities to buy Fording Canadian Coal Trust , the Federal Trade Commission said on Wednesday.
2008-09-03 12:02:24 -
Republicans assail Obama during second night of convention (49 ABC News Topeka)
This year's Republican convention is proving to be anything but conventional. Tonight's lineup features a much-anticipated speech from John McCain's surprise running mate pick, Alaska Gov. Sarah Palin. Tuesday night, President Bush took a back seat to the keynote speaker, a man who's not even a registered Republican.
2008-09-03 12:33:43 -
Ex-BOE Chief George Says Liquidity Crisis Isn't Over (Update1) (Bloomberg.com)
Sept. 3 (Bloomberg) -- Former Bank of England Governor Edward George said it's too soon to say that the global liquidity crisis has abated after measures by central banks to help the financial system.
2008-09-03 12:37:09 -
Consumers file suit against carmakers for air conditioner tax (CBC)
Consumers have launched a class-action lawsuit against the Canadian subsidiaries of Ford, Chrysler, Honda, Toyota and Nissan, alleging the automakers and their dealers have unfairly collected a $100 excise tax on air conditioners.
2008-09-03 12:55:27 -
Stanchart, Calyon renege on loan of $250 million to IIFCL (Business Standard India)
The government’s showcase Indian Infrastructure Finance Company Ltd (IIFCL) has run into trouble with two leading global banks — Standard Chartered Bank and Calyon Credit Agricole — suggesting that they may not fulfil collective contractual funding commitments of $250 million (Rs 1,100 crore).
2008-09-03 01:25:52 -
Fat revenues, thin margins (Express India)
Corporate earnings for the quarter ending June 2008 show buoyant topline performance and pressure on net profits.
2008-09-03 02:02:05 -
Reuters Canada Business Summary (The Globe and Mail)
TORONTO (Reuters) - Canada will offer Ford Canada up to C$80 million ($75 million) over five years to help build facilities that could "create or sustain" some 750 jobs in Windsor, Ontario, Industry Minister Jim Prentice said on Wednesday.
2008-09-03 03:47:24 -
SBA rolls out new program aimed at small and rural banks - Nashville Business Journal
The U.S. Small Business Administration is trying to win over small and rural banks and credit unions by simplifying its lending process. The federal agency guarantees loans to small businesses looking to expand, invest in new equipment or refinance ...
2008-09-03 11:50:00 -
Gold Drops For Third Straight Day - RTT News
(RTTNews) - Gold closed lower for a third straight session on Wednesday. December gold contracts traded at $808.20 an ounce, down $2.30 on the session. Gold fell as low as $793.70 in overnight transactions. A stronger dollar and lower crude oil ...
2008-09-03 11:36:00 -
Arlington hasn't found right deal to refinance Cowboys stadium bonds - Fort Worth Star-Telegram
Police stations don't offer bubble of safety Winery, wine bar coming to Fort Worth Mystery solved: Woman on WWII vet's gun ID'd Teen who died in Burleson crash attended Arlington school Capital murder trial begins for 1 of 2 accused in Putt-Putt ...
2008-09-02 07:37:00 -
GE Capital Solutions, Franchise Finance Provides Debt to Facilitate ... - MSN MoneyCentral
GE Capital Solutions, Franchise Finance completes a $40 million deal facilitating the recapitalization of Fatz Cafe by Milestone Partners. The deal demonstrates the commitment of GE Capital Solutions, Franchise Finance to companies with consistent ...
2008-09-03 04:55:00 -
Islamic Bond Decree Cripples Sukuk, Imperils Projects (Update2) - Bloomberg
Sept. 3 (Bloomberg) -- The fastest-growing part of the global bond market is faltering, and it has nothing to do with subprime mortgages or the credit crunch. Sales of Shariah-compliant debt, which financed Dubai's Palm development, the world's ...
2008-09-03 09:13:00 -
Treasury 10- and 30-Year Securities Gain on Inflation Outlook - Bloomberg
Sept. 3 (Bloomberg) -- Ten-year Treasury note yields touched a four-month low as falling commodity prices fueled speculation inflation will ease, stoking demand for longer-term government debt. The difference in yield between 10- and two-year notes ...
2008-09-03 10:10:00 -
Fitch Downgrades American Axle to 'B+'; Maintains Negative Outlook - Forbes
Fitch Ratings has downgraded American Axle's (Axle) Issuer Default Rating (IDR) to 'B+' from 'BB-' and senior unsecured debt to 'B+/RR4' from 'BB-'. The rating action incorporates a further reduction in Fitch's short and long-term production ...
2008-09-03 11:29:00