Mortgage and Financial News From 2008-9-10 Page 13
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Luminent Mortgage files for Chapter 11 bankruptcy - Reuters
NEW YORK (Reuters) - Luminent Mortgage Capital Inc (LUMCE.OB: Quote , Profile , Research , Stock Buzz ), which has struggled with liquidity problems because of mortgage investments, has filed for bankruptcy protection. The Philadelphia-based company ...
2008-09-08 08:53:00 -
Barratt Developments Has Second-Half Loss on U.K. Housing Slump - Bloomberg
Sept. 10 (Bloomberg) -- Barratt Developments Plc , the U.K.'s second-biggest homebuilder by volume, posted a second- half loss after writing down the value of land amid the largest housing slump in 25 years. The net loss for the six months through ...
2008-09-10 02:38:00 -
UK housebuilder Barratt reports 71 pct profit drop - Forbes
Barratt Developments PLC, Britain's second-biggest house builder by volume, reported Wednesday that full-year profits fell by 71 percent as the credit crunch depressed sales in the second half. Barratt announced new incentives to boost sales, make a ...
2008-09-10 01:48:00 -
Old Mutual chief leaves over US mortgage hit - Times Online
Old Mutual, the London-listed life insurer, today revealed that its chief executive has resigned and it expects to make a $135 million (£76.4 million) writedown in its US life business as a result of the US Government's $200 billion bailout of ...
2008-09-10 01:34:00 -
Miners sell-off drive Australia stocks down 1.5 pct - Forbes
SYDNEY, Sept 10 (Reuters) - Australian shares fell 1.5 percent on Wednesday, as miners slid on falling metals prices and banks fell on fresh worries about U.S. banks' ability to cope with mortgage losses. The market has given up nearly all its gains ...
2008-09-10 02:02:00 -
99 Cents Only Stores to raise prices - San Francisco Gate
del.icio.us Yucca license application accepted for review 09.08.08 Stocks rally on plan for mortgage giants 09.08.08 99 Cents Only Stores to raise prices 09.08.08 J.K. Rowling wins copyright claim 09.08.08 The discount retailer on Monday announced ...
2008-09-08 12:49:00 -
Investors stay mostly neutral on bonds outlook - Reuters UK
NEW YORK (Reuters) - Investors remained largely neutral on the outlook for U.S. Treasury debt prices in the latest week after the government said it would take over mortgage giants Fannie Mae and Freddie Mac, according to a poll released on Tuesday ...
2008-09-10 02:09:00 -
Index futures rise; all eyes on Lehman (EARTHtimes.org)
(Reuters) - Stock index futures rose before the start of Wall Street trading, indicating the markets may be in for a rebound after the previous session's steep losses.
2008-09-10 02:38:02 -
Tata Consultancy, Infosys Expect More Order Delays (Update1) (Bloomberg.com)
Sept. 10 (Bloomberg) -- Tata Consultancy Services Ltd. and Infosys Technologies Ltd. , India's largest software-services companies, expect U.S. financial firms to delay orders as the worst housing slump since the Great Depression forces cutbacks.
2008-09-10 02:40:16 -
Wall St. takes it all back (The Cincinnati Enquirer)
Stocks tumbled Tuesday, nearly erasing the previous session's big gains, after fresh concerns about the stability of Lehman Brothers Holdings Inc. punctured a sense of optimism about the financial sector.
2008-09-10 02:46:39 -
World markets set for rocky ride after banking crisis sends shudders through Wall St (Daily Mail)
London stock markets managed to avoid dramatic falls this morning after the spectre of a major banking failure again hit Wall St overnight due to fears over the state of Lehman Brothers.
2008-09-10 02:50:30 -
Lehman's Fuld Faces Pressure to Land Deal After Drop (Update3) (Bloomberg.com)
Sept. 10 (Bloomberg) -- Lehman Brothers Holdings Inc. 's Richard Fuld , the longest-serving chief executive on Wall Street, is under increasing pressure to seal an agreement for a capital infusion and unload hard-to-sell mortgage investments after the company's stock suffered a record decline yesterday.
2008-09-10 02:51:43 -
A Market Tracking Analysis of Internal Doors in Europe, Examining the Top 5 Regions, Forecasts to 2011 and a Market ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Market Tracking: Internal Doors in Europe Top 5 - 2008 Edition" report to their offering.
2008-09-10 02:56:00 -
IGNIA Fund I Invests US$2 Million in Innovative Affordable Housing Development in Mexico (PR Newswire via Yahoo! Finance)
IGNIA Fund I, LP announced today that, through its wholly-owned subsidiary IGNIA Bienes Raices S. de R.L. de C.V., it has entered into its first real estate transaction, an investment of US$2 million in the second stage of Jardines del Grijalva, a housing project in Chiapas, Mexico, enabling the expansion of the development to include affordable housing.
2008-09-10 03:00:00 -
Old Mutual Adds to U.S. Writedowns, Replaces Sutcliffe as CEO (Bloomberg.com)
Sept. 10 (Bloomberg) -- Old Mutual Plc , South Africa's biggest insurer, replaced Jim Sutcliffe as chief executive officer after the company had U.S. losses of $290 million since August and said it make take additional writedowns.
2008-09-10 03:02:52