News

South Dakota boasts third lowest foreclosure rate - KTIV

Thu, 01/15/2009 - 10:38

South Dakota boasts third lowest foreclosure rate
KTIV, IA - 3 minutes ago
AP - January 15, 2009 1:25 PM ET SIOUX FALLS, SD (AP) - South Dakota posted the nation's third-lowest foreclosure rate in 2008, an accomplishment that state ...

Bank worries power slide to five-week lows - SmallCapInvestor

Thu, 01/15/2009 - 10:36

Bank worries power slide to five-week lows
SmallCapInvestor - 5 minutes ago
A fresh batch of economic data this morning was weak as expected, but relatively tame and did little to lessen ongoing worries about the credit crunch and a ...

Living costs down after oil fall - The Press Association

Thu, 01/15/2009 - 10:35

Living costs down after oil fall
The Press Association - 6 minutes ago
But despite the fall in fuel and mortgage bills, thousands of people are struggling with costs as unemployment has soared to a 10-year high.

Beer sales falling with economy - MSN Money

Thu, 01/15/2009 - 10:34

Beer sales falling with economy
MSN Money - 7 minutes ago
SABMiller also said volume in developing countries, which produce around 80 percent of its profits, is slowing as the credit crunch deepens. ...

Foreclosures hit Queens’ South Asian community - YourNabe.com

Thu, 01/15/2009 - 10:34

Foreclosures hit Queens’ South Asian community
YourNabe.com, NY - 7 minutes ago
“A lot of research has indicated that Asians are not affected in the mortgage crisis,” said Seema Agnani, executive director of CHHAYA. ...

Obama's first test: Senate to vote on second half of bailout bill - Monsters and Critics.com

Thu, 01/15/2009 - 10:34

Obama's first test: Senate to vote on second half of bailout bill
Monsters and Critics.com - 7 minutes ago
... the Treasury Department to pump money in the sector to stave off collapse after risky loans caused record mortgage foreclosures and a credit freeze. ...

Singing butcher legal bid dropped - BBC News

Thu, 01/15/2009 - 10:33

Singing butcher legal bid dropped
BBC News, UK - 8 minutes ago
I can get by in the credit crunch. "A great cloud's gone and it is sunshine." He had been fighting four charges of breaching noise abatement orders since he ...

Fuzzy money - Business Today

Thu, 01/15/2009 - 10:33

Fuzzy money
Business Today, Malta - 8 minutes ago
But so did the mortgage barons such as Fanny Mae and Freddie Mac in America and they went bust, cap in hand pleading for bailouts to the US taxpayer. ...

ECB interest rate decision tomorrow - Business Today

Thu, 01/15/2009 - 10:33

ECB interest rate decision tomorrow
Business Today, Malta - 8 minutes ago
Something needs to be done urgently to have a gentle and gradual easing of the credit crunch,” Zammit insisted. On his part, former Finance Minister and ...

Hispanics Primarily Concerned With Economy; Immigration Takes a ... - HispanicBusiness.com

Thu, 01/15/2009 - 10:32

Hispanics Primarily Concerned With Economy; Immigration Takes a ...
HispanicBusiness.com, CA - 9 minutes ago
The high ranking of the economy among pressing issues for the Hispanic population was no surprise, given the soaring unemployment rate and mortgage defaults ...

KC ranks No. 49 for 2008 foreclosures - Triangle Business Journal

Thu, 01/15/2009 - 10:08

KC ranks No. 49 for 2008 foreclosures
Triangle Business Journal, NC - 3 minutes ago
“The big jump in December foreclosure activity was somewhat surprising given the moratoria enacted by both Freddie Mac and Fannie Mae, along with programs ...

Fitch Teleconference: Economy Pushes US Housing Lower in 2009; 1 ... - MarketWatch (press release)

Thu, 01/15/2009 - 10:08

Fitch Teleconference: Economy Pushes US Housing Lower in 2009; 1 ...
MarketWatch (press release) - 3 minutes ago
With the backdraft from the end of 2008 all but ensuring an especially weak start to the new year, lower mortgage rates, depressed home prices and new ...

New District 73 Rep holds ‘grip & grin’ session - Bandera County Courier

Thu, 01/15/2009 - 10:08

New District 73 Rep holds ‘grip & grin’ session
Bandera County Courier, TX - 3 minutes ago
Miller added that while in Texas one of every 1000 homes is in foreclosure, in California, it’s one in every 95. “People are running out of the ‘Rust Belt,’ ...

Bank stocks plunge on fresh insolvency fears - Seattle Post Intelligencer

Thu, 01/15/2009 - 10:07

Bank stocks plunge on fresh insolvency fears
Seattle Post Intelligencer - 4 minutes ago
He said the likelihood that some of the $350 billion will be used for mortgage relief and perhaps for municipal governments will mean there will be less ...

Retail Sales Disappoint - Contrarian Profits

Thu, 01/15/2009 - 10:07

Retail Sales Disappoint
Contrarian Profits, Argentina - 4 minutes ago
US foreclosure filings spiked by more than 81% in 2008, a record, according to a report released Thursday, and they’re up 225% compared with 2006. ...

St. Paul and Baltimore Rally US Cities Against Questionable ... - findingDulcinea

Thu, 01/15/2009 - 10:07

St. Paul and Baltimore Rally US Cities Against Questionable ...
findingDulcinea, New York - 4 minutes ago
by Anne Szustek St. Paul Mayor Chris Coleman is urging other cities to join a litigation group against mortgage lenders deemed to have used dubious criteria ...

South West Trains said services would not be affected - Sky News

Thu, 01/15/2009 - 10:07

South West Trains said services would not be affected
Sky News, UK - 4 minutes ago
I can't help but think that South West Trains may be using the 'credit crunch' as a cover up. I can't see that a company that charges outrageous prices for ...

Pimco Slows Mortgage-Bond Buying Spree - Wall Street Journal

Thu, 01/15/2009 - 10:07

Pimco Slows Mortgage-Bond Buying Spree
Wall Street Journal - 4 minutes ago
By MIN ZENG NEW YORK -- Bond fund giant Pacific Investment Management Co. put a brake on its buying spree in mortgage-backed securities last month, ...

Online recruitment company invests millions in data strategy - Data quality news

Thu, 01/15/2009 - 10:06

Online recruitment company invests millions in data strategy
Data quality news, UK - 5 minutes ago
Online recruitment company Monster Worldwide has invested in a new data strategy to ensure it survives the credit crunch. The digital job site has committed ...

Barratt Developments cuts debt but margins suffer - Telegraph.co.uk

Thu, 01/15/2009 - 10:06

Barratt Developments cuts debt but margins suffer
Telegraph.co.uk, United Kingdom - 5 minutes ago
House prices plunged by up to 15.9pc in 2008 according to mortgage lender Nationwide, and Barratt's share price fell by 85pc as potential home-buyers lost ...