Mortgage and Financial News From 2008-5-1 Page 4
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FACTBOX: Berkshire's Buffett on successions, acquisitions - Reuters
OMAHA, Nebraska (Reuters) - Berkshire Hathaway Inc, the insurance and investment company run by Warren Buffett, has been preparing succession plans for when the 77-year-old billionaire steps down. It also still hunts for acquisitions, preferably ...
2008-05-01 09:11:00 -
UPDATE 1-MOVES-Nomura, RJ O'Brien, Palamon Capital Partners - Reuters
(Adds Nomura; R.J. O'Brien; Palamon Capital Partners; Jupiter Unit Trust Managers; Skadden, Arps; Kirkland & Ellis and Weil Gotshal) May 1 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of ...
2008-05-01 10:22:00 -
Insurer hails softly, softly progress - Financial Times
While Allianz has struggled to make its €24bn ($37bn) purchase of Dresdner Bank in 2001 pay, it has been quietly making progress in its big industrial and international insurance operations. Clement Booth, responsible for the insurance businesses ...
2008-05-01 10:44:00 -
A.M. Best Affirms Ratings of UNIFI Companies (Centre Daily Times)
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "a+" of the four key life/health subsidiaries comprising the UNIFI Companies (UNIFI): Ameritas Life Insurance Corp. (Lincoln, NE), The Union Central Life Insurance Company (Union Central) (Cincinnati, OH), First Ameritas Life Insurance Corp. of New York and Acacia Life Insurance ...
2008-05-01 12:40:57 -
Patriot National Bancorp Reports Record Growth (Centre Daily Times)
Patriot National Bancorp, Inc. (NASDAQ Global Market "PNBK"), the parent of Patriot National Bank, reported record growth for loans and deposits for the quarter ended March 31, 2008. As a result of strong loan demand and a resilient local real estate market total loans increased $69 million, or 10%, for the quarter. The turmoil in the financial markets has resulted in a number of credit ...
2008-05-01 12:42:07 -
McCain Seeks Costly Tax Cuts (WLBZ Bangor)
WASHINGTON (AP) -- Republican John McCain is making promises that would cost billions of taxpayer dollars, yet he is vague about how he would pay for them.
2008-05-01 12:50:34 -
QUICK POLL (GlobeSt.com)
The ongoing dislocation in the US credit markets continues to generate fragile investor confidence and economic uncertainty. Until now, the current slowdown in the US economy has been driven by specific sectors, including residential, banking/financial services, and most recently, retail.
2008-05-01 12:54:54 -
EuroBancshares, Inc. Reports Financial Results for the First Quarter Ended March 31, 2008 (PR Newswire via Yahoo! Finance)
EuroBancshares, Inc. today reported its results for its first quarter ended March 31, 2008.
2008-05-01 01:01:00 -
Bankrate Announces First Quarter 2008 Financial Results (PR Newswire via Yahoo! Finance)
Reminder -- Conference Call and Webcast Today at 4:30 P.M. Eastern Time
2008-05-01 01:01:00 -
House panel OKs assistance on housing slump (Las Vegas Sun)
Thu, May 1, 2008 (12:52 p.m.) Democrats and several Republicans on the House Financial Services Committee banded together Thursday to pass a $300 billion housing rescue package.
2008-05-01 01:05:06 -
As Automotive Loan Delinquencies Rise, TowerGroup Underscores Need for ... - PR Inside
- Similar to other areas of U.S. consumer lending, delinquency rates for automotive loans are on the rise, with the 60 days past due (DPD) category rising 25 percent between the second and fourth quarters of 2007. New research from TowerGroup finds ...
2008-05-01 10:08:00 -
More to lose their homes - News.com.au
AUSTRALIA'S weakening housing market has been driven home, with new Victorian data showing a rise in home repossessions and a slide in building approvals. The number of homes being repossessed jumped more than 15 per cent last month as the effect of ...
2008-05-01 10:08:00 -
Nationalized UK lender Northern Rock confirms plans to cut 2,000 staff ... - CNBC
LONDON - Mortgage lender Northern Rock, which was taken over by the government after falling victim to a global credit crisis, on Thursday formally embarked on a program to lay off nearly a third of its staff within three years. The company filed ...
2008-05-01 05:58:00 -
UPDATE 1-US House panel passes sweeping mortgage aid bill - Reuters
WASHINGTON, May 1 (Reuters) - The U.S. House of Representatives Financial Services Committee on Thursday approved a sweeping bill to enable the government to finance $300 billion in distressed mortgages with the aim of helping 2 million homeowners ...
2008-05-01 10:58:00 -
Lender Begins Moves To Axe 2,000 Jobs - Sky.com
The bank, which employs around 6,000 people, said most of the jobs will go this year. It added "all levels of staff " will be affected from senior management downwards. Managers have now begun a formal 90-day consultation process with the Unite trade ...
2008-05-01 09:04:00