Mortgage and Financial News From 2008-5-1 Page 7
Previous Day: 2008-04-30
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RBI raises housing loan limit for individuals - Hindu
MUMBAI: The Reserve Bank of India on Tuesday raised the limit of bank loans to individuals for housing (with a lower risk weight of 50 per cent) to Rs. 30 lakh from Rs. 20 lakh. This move is expected to reduce the cost funds of housing loans up to Rs ...
2008-04-29 12:27:00 -
Fed trims rates again - Atlanta Journal Constitution
WASHINGTON — The Federal Reserve trimmed short-term interest rates by a quarter of a percentage point on Wednesday, the seventh cut in seven months. But the central bank also signaled it likely would pause its rate-cutting campaign, which so far ...
2008-05-01 06:33:00 -
Money Makeover chat with Jill Boynton - Boston Globe
Jill Boynton, an adviser at Cornerstone Financial Planning, took readers' questions about retirement investing, saving for college, and managing debt. Here's a transcript of the discussion. Jill_Boynton: Good afternoon, I'm Jill Boynton. Welcome to ...
2008-04-29 02:57:00 -
GM Reports Preliminary First Quarter 2008 Financial Results - MSN MoneyCentral
- First quarter revenue of $42.7 billion - Positive adjusted automotive earnings before tax, with improvement of over $160 million - Positive reported automotive earnings before tax, down by $118 million - Adjusted net loss of $350 million, reported ...
2008-04-30 04:04:00 -
Fitch Rates PHEAA Student Loan Adjustable Revenue Bonds, 1995 Series A ... - Forbes
Fitch has been requested to assign a rating on the above-referenced 1995 series A bonds. The long-term rating reflects the trust's collateral performance, the current credit enhancement, and the strength of the financial and legal structure. The ...
2008-05-01 07:38:00 -
Stock futures aim higher - Detroit News
NEW YORK -- Wall Street headed toward a higher open Thursday amid growing optimism that the credit crisis that pummeled global markets might be nearing an end. Investors, one day after the Federal Reserve cut interest rates by a quarter point, are ...
2008-05-01 07:02:00 -
Inter-Bank Market for Repurchase Agreements Reestablished (Centre Daily Times)
The Fixed Income Clearing Corporation (FICC) announced today that the Securities and Exchange Commission has approved its proposal to resume offering its General Collateral Finance repurchase agreement (GCF Repo(R)) service to brokers whose customers settle their transactions at different settling banks.
2008-05-01 08:27:45 -
Thursday May 01, 2008 - 11:40 EST (Rolling Good Times)
LAS VEGAS, Nevada –- (PRESS RELEASE) -- Las Vegas Sands Corp. (NYSE: LVS), today reported financial results for the quarter ended March 31, 2008. Net revenue for the first quarter of 2008 increased 71.8% to $1.08 billion, compared to $628.2 million in the first quarter of 2007.
2008-05-01 08:44:37 -
Disaster brewing in electricity crisis, says ANC (Independent Online)
The current electricity crisis is just one sign of an impending disaster in South Africa, African National Congress secretary general Gwede Mantashe says.
2008-05-01 08:50:13 -
Fed Cuts Rate Again in Latest Bid to Shore Up Economy (The Online NewsHour)
The Federal Reserve cut a key interest rate by a quarter point Wednesday, bringing the federal funds rate down to its lowest level since late 2004 -- but signaled that it may pause on future cuts. Analysts discuss the Fed's action and the economic strain on the public.
2008-04-30 05:33:55 -
Sign of the times: education budgets reduced (Pictorial Gazette)
The Region 4 budget reductions fall into two categories. The first is a $45,000 reduction in debt service due to favorable interest rates. The second is a two-part reduction in staffing recommendations resulting in approximately $29,000 in cuts.
2008-05-01 08:50:50 -
UPDATE: Clorox Profit Slides 22%, Forecast Boosts Shares (Nasdaq)
SAN FRANCISCO (Dow Jones) - Clorox Corp. on Thursday reported its quarterly net income fell 22% from a year ago, undercut by rising raw material costs and restructuring charges.
2008-05-01 08:52:01 -
Fitch Affirms Itabo's Foreign & Local Currency IDRs at 'B-'; Outlook Positive (Business Wire via Yahoo! Finance)
CHICAGO & CARACAS, Venezuela----Fitch Ratings has affirmed Empresa Generadora de Electricidad Itabo, S.A.'s Issuer Default Ratings and outstanding debt ratings as follows:
2008-05-01 09:06:00 -
Oshkosh Corporation Reports Record Second Quarter EPS Up 42.6 Percent to $0.97 (wallstreet:online AG)
Oshkosh Corporation (NYSE: OSK), a leading manufacturer of specialty vehicles and vehicle bodies,
2008-05-01 03:50:07 -
GM loses $3.3 billion in first quarter; lowers sales outlook (Bay News 9 Tampa Bay)
By DEE-ANN DURBIN DETROIT (AP) -- Bowing to grim reality, General Motors Corp. followed Ford's lead and cut its U.S. sales forecast Wednesday after a tough first quarter that saw a $3.3 billion loss.
2008-05-01 04:13:34