Mortgage and Financial News From 2008-9-10 Page 2
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NZ cash rate drops amid slowdown fears (Australian Broadcasting Corporation)
New Zealand's Reserve Bank has cut the official cash rate by 0.5 per cent, double the reduction forecast by analysts.
2008-09-10 10:51:32 -
Council debates benefits changes (Homer News)
[Is the city of Homer an attractive destination for qualified public sector professionals? Is the city keeping up with its neighbors in providing health and retirement benefits to its employees? How much will it cost to improve the way employees are compensated?
2008-09-10 10:51:46 -
Mortgage Mess: The moral hazard - Seattle Post Intelligencer
U.S. Treasury Secretary Henry Paulson just taught an expensive lesson in economics, the concept of "moral hazard." The phrase simply means that a financial institution takes on greater risks when it's protected from the consequences of failure by ...
2008-09-08 02:43:00 -
During 'Life Insurance Awareness Month,' Insurance Commissioner ... - Forbes
HARRISBURG, Pa., Sept. 10 /PRNewswire-USNewswire/ -- With September designated as "Life Insurance Awareness Month," Pennsylvania Insurance Commissioner Joel Ario today urged consumers to look at their families' potential life insurance needs. "Life ...
2008-09-10 02:34:00 -
Where to Keep Cash When No Investment Seems Safe (New York Times)
The market is bad. What is a high-net-worth investor to do with all the cash they?ve pulled out?
2008-09-10 08:35:55 -
Bailout costs Erie company (Erie Times-News)
Erie Indemnity Co. has paid a $9.5 million price for the government's bailout of the Federal National Mortgage Association known as Fannie Mae and the Federal Home Loan Mortgage Corp., known as Freddie Mac.
2008-09-10 09:04:35 -
The upside of a down economy (MSN Money Canada)
Many of us are wising up, determined to cut back and nail down that precious commodity known as financial sanity. Words like "recession," "crisis" and "collapse" are running rampant through the news. But by my own financial forecast, things are looking up.
2008-09-10 09:04:43 -
Lehman tries to soothe Wall Street with asset sale (INO News)
(AP:NEW YORK) Lehman Brothers put itself on the block Wednesday as part of a last-ditch effort to rescue the investment bank from bad bets on real estate-related holdings that have already laid low other storied Wall Street firms.
2008-09-10 09:09:42 -
Washington Mutual stock falls on investor fears (International Herald Tribune)
As Wall Street scoured the financial industry for the next weakest link after Lehman Brothers, it set its sights on a familiar target: Washington Mutual.
2008-09-10 09:17:06 -
Lehman must convince Wall Street it can deliver (INO News)
(AP:NEW YORK) Lehman Brothers Holdings Inc. has presented its rescue plan, now it has to convince Wall Street it can make good on its promises.
2008-09-10 09:23:23 -
House Hunting, Or How I Made My Wife Cry (WallStreet Journal via Yahoo! Finance)
The home-buying process in New Jersey proved more difficult than Neal Templin expected.
2008-09-10 09:31:11 -
Thursday's tips round-up: Next, Sports Direct, Old Mutual (ShareCast)
LONDON (SHARECAST) - Next has found a formula for fashion’s hotly contested middle ground that appears to be working in straitened times. It has also sensibly scaled back on its store expansion programme.
2008-09-10 09:42:37 -
Business briefs (The Olympian)
Pediatric psychology practice moves
2008-09-10 09:48:53 -
Milan shares close up on U.S. mortgage moves, led by banks, dollar ... - Forbes
MILAN (Thomson Financial) - Share prices closed sharply higher, supported by the U.S. government move to take control of mortgage lenders Fannie Mae and Freddie Mac and led by banks and dollar-related stocks, brokers said. The Mibtel index was up 2 ...
2008-09-08 09:50:00 -
TREASURIES-Prices slip on stock gains, supply fears - Reuters
NEW YORK, Sept 10 (Reuters) - Treasuries slid on Wednesday as stock market gains cut investors' bid for safe-haven U.S. government debt and expectations of increased supply also weighed. After a steep rally earlier this week that pushed benchmark ...
2008-09-10 03:17:00