Mortgage and Financial News From 2008-5-1 Page 6
Previous Day: 2008-04-30
Return to the mortgage news archive home.
-
Dollar Rises Versus Euro as Fed Signals It May Pause Rate Cuts - Bloomberg
May 1 (Bloomberg) -- The dollar rose to the highest level in five weeks versus the euro after investors judged the Federal Reserve may pause cutting interest rates. The U.S. currency climbed after the Fed lowered its benchmark rate a quarter ...
2008-05-01 03:20:00 -
NU Reports Strong First Quarter Results (PR Newswire via Yahoo! Finance)
Northeast Utilities today reported first quarter 2008 earnings of $58.4 million, or $0.38 per share, compared with earnings of $75.1 million, or $0.49 per share, in the first quarter of 2007.
2008-05-01 10:51:00 -
Simple Belt-Tightening Tips for Tough Times (KIFI Idaho Falls)
"Good Morning America" financial contributor Mellody Hobson gives you the skinny on what the Federal Reserve's rate cut means to you and your wallet. Get tips on how to get your finances in order in these difficult economic times and find out what you can do in your daily life to save big bucks annually.
2008-05-01 10:51:04 -
ICP Solar Announces Fiscal 2008 Results (Business Wire via Yahoo! Finance)
MONTREAL----ICP Solar Technologies Inc. , a developer, manufacturer and marketer of solar cells and products, announced today results for fiscal year ended January 31, 2008.
2008-05-01 10:52:00 -
Wall Street up almost 200 points on upbeat data (Daily Breeze)
"What we're seeing is that maybe the economy is not falling off a cliff, but perhaps leveling off," said Peter Cardillo, chief market economist at New York-based brokerage house Avalon Partners Inc.
2008-05-01 10:52:01 -
(AFX UK Focus) 2008-05-01 18:20 Stocks up as dollar rises on optimism about US economy (Interactive Investor)
NEW YORK (AP) - Wall Street shot higher Thursday as investors, while anticipating another dismal jobs report Friday, found solace in the rising dollar and falling oil prices.The Dow Jones industrial average rose more than 150 points.
2008-05-01 10:53:11 -
(AFX UK Focus) 2008-05-01 18:16 Oil prices slide as the dollar extends its gains (Interactive Investor)
NEW YORK (AP) - Another jump in the dollar and the end of an oil workers' strike in Nigeria sent crude prices below $111 a barrel Thursday as speculators who drove crude futures to nearly $120 pulled out of the market. Retail gas prices, meanwhile, rose to a new record above $3.62 a gallon.
2008-05-01 10:53:21 -
Rates on 30-year mortgages rise to highest level in 7 weeks (Deseret Morning News)
Rates on 30-year mortgages remained above 6 percent, edging up to the highest level in seven weeks and reflecting continued financial market concerns about inflation.
2008-05-01 10:53:45 -
(AFX UK Focus) 2008-05-01 18:22 Bank of New York Mellon cuts prime rate to 5 percent (Interactive Investor)
NEW YORK (AP) - Bank of New York Mellon lowered its prime rate by one-quarter percentage point after the Federal Reserve cut its key interest rate Wedesday.
2008-05-01 10:53:51 -
Controlling Interest - Kommersant
It is expected that a large number of actively-traded shares of Russian banks , which posted significant growth in 2005, will appear on the market this year. As before, however, the banks prefer to sell large chunks of shares to one buyer rather than ...
2008-05-01 08:42:00 -
Oil rises to near $115 on Fed cut, Nigeria strike - Forbes
TOKYO, May 1 (Reuters) - Oil futures rose to near $115 a barrel on Thursday, gaining support from an interest rate cut by the U.S. Federal Reserve and the extension of an oil workers' strike in Nigeria. U.S. crude for June was trading up $1.16 at ...
2008-05-01 06:12:00 -
Chidambaram does not expect interest rate hike soon - Daily News and Analysis
NEW DELHI: In what should sound as a pleasant note for India Inc, Finance Minister P. Chidambaram on Thursday said he did not see any hike in interest rates by commercial banks after the recent hikes in cash reserve ratio (CRR) announced by the ...
2008-05-01 07:24:00 -
Editorial Comment: Fed should hold rates for now - Financial Times
Whatever the other merits of the March rescue for struggling broker-dealer Bear Stearns , it has made Thursday’s rate-setting decision easier for the US Federal Reserve. Saving Bear reassured the markets: long-term interest rates and corporate ...
2008-04-29 03:18:00 -
Consumers may benefit from Fed rate pause - Chicago Tribune
WASHINGTON - While the Federal Reserve's aggressive drive to lower interest rates appears to be over, there could be benefits for consumers in other places -- like some relief from soaring gasoline and food costs. "With the Fed on hold and the dollar ...
2008-05-01 08:35:00 -
RBC launches new high interest U.S. dollar online savings account - CNW Group
TORONTO, May 1 /CNW/ - High interest, no minimum monthly balance and free unlimited real-time online transfers to other RBC accounts are just some of the benefits of RBC's new U.S. dollar, high interest, online personal savings account, launched ...
2008-05-01 05:22:00