Mortgage and Financial News From 2008-5-1 Page 9
Previous Day: 2008-04-30
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Energy Sector Roundup: The oil slide continues - CNN Money
Oil prices fell after the Federal Reserve cut interest rates and a government report said fuel supplies unexpectedly fell last week. Light, sweet crude for June delivery fell $2.17 to settle at $113.46 a barrel on the New York Mercantile Exchange ...
2008-04-30 12:25:00 -
Polish Central Bank Holds Rates Steady, As Expected - FXStreet.com
WARSAW (Dow Jones)--Poland's central bank voted Wednesday to hold interest rates steady after three straight months of tightening, confirming expectations that it wants time to assess whether a strong zloty and slower world growth is beginning to ...
2008-04-30 04:47:00 -
Fed cuts key interest rate by 1/4 point - Calgary Herald
WASHINGTON (Reuters) - The Federal Reserve lowered a key U.S. interest rate by a modest quarter percentage point on Wednesday in what may be the last of a series of cuts aimed at aiding an economy hit hard by a housing slump and credit market turmoil ...
2008-04-30 11:50:00 -
Consumers to benefit differently from cut - AZCentral.com
The Fed's interest-rate cut on Wednesday, its seventh since September, could bring different benefits to different consumers. The average rate on a home-equity line of credit, for example, fell to 5.7 percent last week from 7.3 percent in January ...
2008-04-30 09:51:00 -
Forex - U.S. dollar rebounds higher as market digests Fed rate ... - FXStreet.com
LONDON (Thomson Financial) - The U.S. dollar turned higher as investors digested the Federal Reserve's decision on Wednesday to cut interest rates by a quarter point and awaited key U.S. jobs data on Friday. The quarter point cut came as no surprise ...
2008-05-01 02:16:00 -
Corning helps lifttechnology sector (Akron Beacon Journal)
Corning helps lift technology sector Stocks ended mostly lower Tuesday, with the technology sector lifted slightly by upbeat earnings from Corning, while the broad market kept a cautious tone ahead of key announcements coming today on interest rates by the Federal Reserve.
2008-04-29 10:38:44 -
StellarOne Corporation Announces First Quarter 2008 Earnings and Dividend (PR Newswire via Yahoo! Finance)
StellarOne Corporation today reported first quarter 2008 earnings of $2.1 million, down 48.1% from $4.0 million for the first quarter of 2007. Net income per diluted share was $.14, down 62.2% from $.37 for the same period in 2007.
2008-04-30 04:30:00 -
San Francisco (The San Francisco Examiner)
TAIPEI, Taiwan , April 30 /Xinhua-PRNewswire-FirstCall/ -- United Microelectronics Corporation (NYSE: UMC; TSE: 2303) ("UMC" or "the Company"), a leading global semiconductor foundry, today announced its unconsolidated operating results for the first quarter of 2008.
2008-04-30 05:25:58 -
Banks assets climb 45.5pc to RO11.3b (Zawya)
01 May 2008 MUSCAT: The combined assets of commercial banks in Oman soared to RO11.3 billion as at the end of March 2008, showing a growth of 45.5 per cent, the Central Bank of Oman (CBO) said here yesterday.
2008-04-30 11:59:18 -
Fed trims rate again, signals pause (Daily Record)
WASHINGTON (GNS) -- The Federal Reserve on Wednesday cut a key interest rate a quarter of a percentage point to 2 percent, saying the economy is weak, the housing market is still in the doldrums and credit markets remain troubled.
2008-05-01 01:13:06 -
Irish Life expects yr profit to meet market f'casts - Guardian Unlimited
DUBLIN, May 1 (Reuters) - Irish Life & Permanent said sales of insurance and new loans fell in the first quarter due to Ireland's slowing property market but predicted on Thursday that full-year earnings would meet market expectations. "The strength ...
2008-05-01 01:18:00 -
Poole, Bies Say More Fed Rate Cuts Wouldn't Stem Slowdown Much - Bloomberg
May 1 (Bloomberg) -- Former Federal Reserve officials William Poole and Susan Bies said it wouldn't be wise for policy makers to cut the benchmark U.S. interest rate below the current 2 percent. ``We have an adjustment in housing that has to take ...
2008-04-30 11:24:00 -
RBS cuts mortgage rates to lure customers - Reuters UK
LONDON (Reuters) - Royal Bank of Scotland is trimming up to 0.3 percentage points off new mortgages to boost market share, taking advantage of its rivals' retreat in the face of the credit market crisis and a deteriorating housing outlook. RBS, which ...
2008-04-30 12:22:00 -
Inflation Fears Push Mortgage Rates Higher - Street.Com
After three weeks without any movement, rates for 30-year fixed-rate mortgages rose 0.15 percentage points last week to an average of 6.03% with 0.3 point, according to the Freddie Mac Primary Mortgage Market Survey . Analysts blame the sudden jump ...
2008-04-29 08:02:00 -
Investors move in to save broken mortgages - Los Angeles Times
Jared Lanning, struggling to pay a home loan on which he owed more than his house was worth, was thinking he might just let the lender take back the property. Then he got a call one evening from an Orange County investor who had bought his mortgage ...
2008-05-01 01:04:00