Mortgage and Financial News From 2008-4-14 Page 4
Previous Day: 2008-04-13
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Fitch Affs Vermont Electric Cooperative, Inc.'s Sr Secur Obs to 'BBB-'; Revised Outlook to Stable (Centre Daily Times)
Fitch Ratings has affirmed Vermont Electric Cooperative's (VEC) senior secured obligations' rating at 'BBB-'. The Rating Outlook is revised to Stable from Negative. VEC has $44 million in first mortgage bonds outstanding, none of which is publicly held debt. The revised outlook reflects the fair regulatory treatment by Vermont Public Service Board the past few years, approving VEC rate relief ...
2008-04-14 08:04:11 -
Wachovia posts surprise loss, raises $7 billion (The Globe and Mail)
NEW YORK (Reuters) - Wachovia Corp posted a surprising first-quarter loss on Monday as credit problems from mortgages and other debt soared, prompting the fourth-largest U.S. bank to raise $7 billion of capital, slash its dividend and cut jobs.
2008-04-14 08:10:59 -
Poll: 60% of Americans say they won't buy a home soon (Sun-Sentinel)
A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday.
2008-04-14 08:13:20 -
Dollar Falls Versus Euro on Pared Speculation G-7 to Intervene (Bloomberg.com)
April 14 (Bloomberg) -- The dollar fell against the euro after the Group of Seven nations failed to convince investors that they will intervene to prop up the U.S. currency.
2008-04-14 08:16:02 -
PM's reputation in tatters: Tories (Channel 4)
The Tories have insisted that Gordon Brown's economic reputation is "in tatters" as a poll shows most people have no confidence in the Government's ability to cope with the current financial turmoil.
2008-04-14 08:17:06 -
Consider that ATM withdrawal (Sun-Sentinel)
At every moment of every day, your bank, your other bank, your brokerage, and your credit card, mortgage and utility companies are recording every single money move you make. But until they come up with personalized advice on how to keep better track of your money, it's up to you to figure out how to make the most of those $100 ATM withdrawals.
2008-04-14 04:59:07 -
Brown to meet senior UK banking executives tomorrow UPDATE (The Forex Market)
LONDON (Thomson Financial) - UK prime minister Gordon Brown is to hold talks on the economic and financial market impact of the credit crunch with leading UK financial services industry figures on Tuesday, his spokesman Michael Ellam said.
2008-04-14 05:18:01 -
The First American Corporation Announces Retirement of Two Directors (PR Newswire via Yahoo! Finance)
The First American Corporation , American's largest provider of business information, today announced the retirement of Donald P. Kennedy and Gary J. Beban from its board of directors.
2008-04-14 05:32:00 -
Fannie Mae Redemption (PR Newswire via Yahoo! Finance)
Fannie Mae will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amounts redeemed, plus accrued interest thereon to the date of redemption:
2008-04-14 06:00:00 -
TheStreet.com Enters Into Agreement with CreditCards.com to Increase its BankingMyWay Web Site Offerings (Business Wire via Yahoo! Finance)
NEW YORK----TheStreet.com, Inc. , a leading financial media company, and CreditCards.com, today announced an agreement to provide credit card content on TheStreet.com's advertising supported BankingMyWay Web site
2008-04-14 06:20:00 -
Union blasts banking CEOs' pay (The Forex Market)
WASHINGTON (AP) - The AFL-CIO on Monday said "outrageous" pay packages for banking industry executives were partly to blame for the credit crisis, encouraging risky investment strategies that ended up hurting shareholders and consumers.
2008-04-14 06:32:06 -
RetirementWORKS, Inc. Announces New Website Offering Financial Planning for Retirees (Business Wire via Yahoo! Finance)
HARVARD, Mass.----RetirementWORKS, Inc., a subsidiary of Still River Retirement Planning Software, Inc., today announced a new financial planning site for consumers who are approaching retirement or who are already retired.
2008-04-14 06:56:00 -
[Opinion] Learning from the 'Battle in Seattle' (The Minnesota Daily)
Some people are like yeast, a small and vital element which makes bread dough rise, or ferments humble grains and fruits into intoxicating liquor. On Wednesday, in Room 205 of Blegen Hall, the yeast gathered to discuss protest and possible...
2008-04-13 11:05:34 -
BROKERWATCH SocGen upgraded to 'buy' from 'hold' at Deutsche Bank (Sharewatch)
LONDON (Thomson Financial) - Deutsche Bank has upgraded Societe Generale to 'buy' from 'hold', according to dealers, saying it believes the company has the potential to differentiate itself.
2008-04-13 11:31:20 -
Nigeria: Recapitalistion of Capital Market Would Bring in More Vibrant Operators- Chukwu (AllAfrica.com)
Chief Johnson Chukwu is the Managing Director/CEO Cowry Asset Management, a firm of Stock Brokers with head-quarters in Lagos.
2008-04-13 11:44:08