Mortgage and Financial News From 2008-7-7 Page 11
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Gold Drops 2% from Post-Bear Stearns High as Bush Talks Up "Strong" Dollar (GoldSeek.com)
PHYSICAL GOLD BULLION PRICES fell hard in Asia and London early on Monday, dropping almost 2% from Friday's 15-week closing high – their best level since peaking above $1,000 per ounce as the Federal Reserve stepped in to rescue Bear Stearns in mid-March.
2008-07-07 06:34:29 -
Reuters Canada Business Summary (The Globe and Mail)
(Reuters) - No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.
2008-07-07 06:35:44 -
Advertisement starts (Tiscali)
earlier rate cut are not far below 50 percent." Two successive quarters of economic contraction are regarded as a recession.
2008-07-07 06:35:51 -
Oil drops below $141, eyes dollar, Iran (The Globe and Mail)
LONDON (Reuters) - Oil retreated to below $141 a barrel on Monday, taking a pause from a record-breaking rally that has lifted prices by almost 50 percent this year.
2008-07-07 06:35:54 -
Sensex closes 72 points up 7 Jul 2008, 1639 hrs IST,ECONOMICTIMES.COM (The Times of India)
MUMBAI: What started off as a promising session, fizzled out in the last half hour on Monday. Sceptical traders sold for profits, unconvinced of the sustainability of the rally.
2008-07-07 06:36:20 -
US Airways Group, Inc. Reports June Traffic (Centre Daily Times)
US Airways Group, Inc. (NYSE:LCC) today reported June, second quarter and year-to-date 2008 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.7 billion, down 0.5 percent from June 2007. Capacity was 6.7 billion available seat miles (ASMs), up 0.4 percent versus June 2007. Passenger load factor for the month of June was 85.0 percent, down 0.8 points versus June 2007.
2008-07-07 06:36:58 -
Letters 7/7/08 (Northern Express)
Mining disaster Over a dozen mines for copper, nickel, gold, zinc, and possibly uranium are currently on the drawing boards for the Upper Peninsula, home to some of the most pristine rivers and aquifers in the world.
2008-07-07 06:38:56 -
Bond Report: Treasurys gain amid dimmer Fed rate hike odds (Market Watch)
NEW YORK (MarketWatch) -- Treasurys advanced slightly early Monday as investors, lacking any economic reports, focused on outlooks due from Federal Reserve officials.
2008-07-07 06:39:59 -
Head to Head on the Economy - 13 WMAZ
– Economic stimulus: Proposes a $75 billion plan with a $500 tax rebate for families and a $250 Social Security supplement for each senior citizen. Also would expand temporarily the unemployment insurance program for people who have exhausted ...
2008-07-06 07:48:00 -
Latest News - dBusinessNews.com
Steven E. Pickett Promoted to President & CEO of Telmar Network Technology IRVINE -- Telmar Network Technology announced the appointment of Steven ... Visible Results USA Adds Key Staff to Business Development Team OVERLAND PARK -- Leading global ...
2008-07-06 02:05:00 -
Lawmakers rewriting flood insurance laws - Post-Tribune
Pending federal legislation could threaten the estimated $6 million in annual flood insurance savings the Little Calumet River levee project will provide when completed. The National Flood Insurance Program, administered through the Federal Emergency ...
2008-07-07 02:01:00 -
Cost, doubts keep Iowans away from flood insurance - Des Moines Register
If there's one thing to be learned from the Floods of 2008, it's that Iowans still don't value federal flood insurance. Across the state, 7,021 households carried flood insurance in 1993 when the last major floods struck. That amounted to 0.7 percent ...
2008-07-07 04:52:00 -
Going with the cycle's flow - Philadelphia Inquirer
As chief executive officer of Radian Group Inc., a Philadelphia mortgage and bond insurer, Sanford A. Ibrahim (who goes by S.A., as suggested by a Wharton career counselor) has been dealing with a company whose stock has plummeted from $66 in early ...
2008-07-06 11:59:00 -
Euro Climbs To 4-day Highs Against Most Majors (Nasdaq)
(RTTNews) - The Euro climbed to 4-day highs against the currencies of UK, Japan and Switzerland in early European deals on Monday. Against the dollar, the euro reversed direction after hitting a new multi-day low at 3:05 am ET.
2008-07-07 03:00:33 -
Candidates to focus on damaged U.S. economy (International Herald Tribune)
Bad economic news in the United States is increasingly setting the contours of the presidential race between Senators Barack Obama and John McCain, and both candidates plan to spend the next week focusing almost entirely on the economy.
2008-07-07 03:03:19