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FHA Insurance Fund Has Fallen 39 Percent

a shared story    17 hours 43 minutes ago
The Federal Housing Administration's fund to cover losses on the mortgages it insures is shrinking, but remains above the point where taxpayers would need to kick in money to cover defaults, according to an independent audit of the agency's financial soundness. Since its creation in...(more)  comments (0)  | report problem


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Oil falls on poor economic data

a shared story    43 minutes ago
Oil prices fall after a barrage of bad economic data heightens fears of protracted global recession and declining demand.  comments (0)  | report problem


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Not just another car ride for GM CEO Wagoner

a shared story    43 minutes ago
SOMERSET, Pa. (AP) -- The head of the nation's largest automaker took perhaps the most important car ride of his life Wednesday, traveling 500 miles, mostly over highway through four states, to Washington, D.C., where he will ask Congress for a second time to save his...(more)  comments (0)  | report problem


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Capital One to Purchase Chevy Chase Bank

a shared story    1 hour 43 minutes ago
Capital One, a leading credit card company and bank, is expected to announce tomorrow that it will buy Chevy Chase Bank, a landmark Washington financial firm with branches throughout the region, according to sources familiar with the matter. Capital One will pay $520 million in...(more)  comments (0)  | report problem



New Treasury Plan May Lower Mortgage Rates

a shared story    1 hour 43 minutes ago
The Treasury Department is considering plans being pushed by trade groups to intervene directly into the mortgage market to dramatically force down rates and stimulate the moribund housing market, according to idustry sources familiar wih the matter. One proposal calls for Treasury to buy the...(more)  comments (0)  | report problem


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Global economic slowdown felt in mining towns

a shared story    2 hours 43 minutes ago
DENVER (AP) -- A severe pullback in spending for everything from houses in Connecticut to jewelry in Europe and steel in China has reached as far as the New Mexico mining town of Silver City, N.M....  comments (0)  | report problem



DealBook: Carlyle Cutting Staff by 10%, or 100 Jobs

a shared story    2 hours 43 minutes ago
Citing “extraordinary market conditions,” the big private equity firm said it was cutting about 100 jobs, or 10 percent of its work force.   comments (0)  | report problem



New mortgage crisis: commercial properties

a shared story    5 days 18 hours 43 minutes ago
The full scope of the housing meltdown isn't clear, and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins, the same events poisoning the...   comments (0)  | report problem



S.E.C. Issues Rules on Conflicts in Credit Rating

a shared story    3 hours 43 minutes ago
The new rules are designed to stem conflicts of interest and provide more transparency for the credit-rating industry, widely faulted for its role in the subprime mortgage debacle.   comments (0)  | report problem


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Low Treasury yields mean savers see meager returns

a shared story    3 hours 43 minutes ago
NEW YORK (AP) -- Treasury yields, some of the most sensitive barometers of investor sentiment, keep dropping to new record lows as a torrent of bad economic news continues. But as investors send yields down, they're also influencing the economy - driving interest rates so low...(more)  comments (0)  | report problem


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Japan auto parts company to open plant in Uruguay

a shared story    4 hours 42 minutes ago
Japanese auto parts maker Yazaki Corp. plans to invest $4.3 million to open a production plant in Uruguay next year despite the credit-crippling international financial crisis.  comments (0)  | report problem



EU to push for Caspian gas line

a shared story    4 hours 43 minutes ago
ASHGABAT, Turkmenistan (AP) -- The European Union will push harder for a pipeline to carry natural gas from the Caspian Sea region to Europe while bypassing Russia, a senior EU diplomat said Wednesday....  comments (0)  | report problem
tags: line gas caspian


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