Mortgage and Financial News From 2008-7-3 Page 2
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Jobless rate in county at highest level since 2003 (Ravalli Republic)
Editor’s Note: This is part one of a two-part series looking at the employment picture in Ravalli County. This part looks at recent job losses. Part two looks at the response the Bitterroot Job Service and Workforce Center is mounting in response.
2008-07-03 08:03:19 -
Obama Q&A: Energy, foreclosures (Rocky Mountain News)
Presidential hopeful Barack Obama, on his way to an event in Fargo, S.D., addressed two issues important to Western voters — energy and foreclosures.
2008-07-03 08:09:49 -
G-8 leaders face worst economic outlook in at least a decade in surging prices, global slump (AP via Yahoo! Philippines News)
Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.
2008-07-03 08:19:00 -
Height of housing boom a distant memory (The Nashua Telegraph)
Jackie Pons, the affable superintendent of the Leon County school district in Tallahassee, Fla., was worried about his $30 million. ... - By ALEC KLEIN and ZACHARY A. GOLDFARB The Washington Post
2008-07-03 09:15:06 -
Political fight looms over federal down payment assistance program (Dallas Morning News)
WASHINGTON – Congress and the Bush administration are headed for a showdown over a federal program that has increased homeownership in Texas but is blamed for eroding lending standards and contributing to foreclosures.
2008-07-03 09:15:18 -
Barratt Developments to cut 1,000 jobs as housebuilding crisis grows - Times Online
Barratt Developments told staff yesterday that it would make about 1,000 people redundant, taking job losses in the construction industry to nearly 2,300 in just two days. Barratt, whose shares have plunged by 97 per cent since their peak in February ...
2008-07-03 03:56:00 -
Lehman shares rise for third straight day - BusinessWeek
Shares of Lehman Brothers Holdings Inc. continued to climb for the third straight day Thursday after shares fell sharply Monday amid speculation the investment bank might be bought out at a discount price by Barclays PLC. Lehman rose 2.2 percent to ...
2008-07-03 03:13:00 -
Origin rejects BG's hostile bid - News.com.au
ORIGIN Energy, Australia's second largest power retailer, has formally rejected a $13.7 billion takeover bid from BG Group. BG Group, the UK's third largest natural gas producer, launched its hostile bid of $15.50 cash per share last month, almost ...
2008-07-03 06:12:00 -
New rules to protect borrowers - News.com.au
A new legal structure will cover all consumer credit The Federal Government will regulate mortgages and lenders Calculator : Compare different home loans on the market DODGY lenders will soon come under scrutiny from the Federal Government after ...
2008-07-03 06:55:00 -
Arizonans brace for summer mortgage resets - AZCentral.com
More Arizonans than ever before will face the threat of foreclosure this summer as their adjustable-rate mortgage loans jump to a higher interest bracket. Adjustable-rate mortgage "resets" - in which a low initial interest rate is converted to a ...
2008-07-03 05:36:00 -
Freddie Mac shares sink on capital concerns - BusinessWeek
Investors are worried about mortgage finance company Freddie Mac's plans to shore up its finances. Shares of the McLean, Va.-based company fell nearly 9 percent on Thursday after a report in the Wall Street Journal highlighted concerns about ...
2008-07-03 03:06:00 -
'If there's no recession, someone forgot to tell the labour market' (The Globe and Mail)
The United States has the look and feel of a country in recession as job losses, high gas prices, tumbling home values, tight credit and a stock market rout bite ordinary Americans
2008-07-03 05:50:30 -
For stocks, escaping bear hinges on oil, GE (Reuters)
NEW YORK (Reuters) - It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors.
2008-07-03 06:00:22 -
Businesses to save on compliance costs (Adelaide Now)
A SWAG of reforms intended to cut red tape agreed to at the premiers' meeting will save businesses tens of millions of dollars a year in compliance costs.
2008-07-03 06:30:00 -
Markets in turmoil - stand by for climate pain (The Age)
Australian sharemarket crashes to lowest level in almost two years, as fears grow that faltering American economy could lead rest of the world into recession.
2008-07-03 06:48:10