Mortgage and Financial News From 2008-5-21 Page 21
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RBS Falls on Speculation Rights Offer Won't Be Fully Taken Up (Bloomberg.com)
May 21 (Bloomberg) -- Royal Bank of Scotland Group Plc , the U.K.'s second-biggest bank, fell in London trading on speculation its 12 billion-pound ($23.6 billion) rights offer won't be fully subscribed.
2008-05-21 09:36:04 -
FTSE edges up as oils gain but inflation unnerves (Interactive Investor)
Wed 21 May, 2008 16:33
2008-05-21 09:52:01 -
'Parents prefer to spend children's inheritance' (Daily Telegraph)
Parents are choosing to spend their cash rather than leave it to their children, a new report has shown.
2008-05-21 10:00:08 -
House prices to fall 7 per cent by end of year, says Council of Mortgage Lenders (Daily Telegraph)
House prices will start to fall in earnest later this year, as thousands of potential home buyers shun the market, according to the Council of Mortgage Lenders (CML).
2008-05-21 10:00:29 -
U.K. Energy Stocks Rally, Led by Shell, BP on Oil; Banks Fall (Bloomberg.com)
May 21 (Bloomberg) -- U.K. energy stocks rallied, led by Royal Dutch Shell Plc, BP Plc and BG Group Plc as crude oil traded above $132 a barrel for the first time.
2008-05-21 10:21:00 -
Countrywide CEO Mozilo criticizes customer e-mail (INO News)
(AP:CALABASAS, Calif.) The chairman of beleaguered Countrywide Financial Corp. raised eyebrows and tempers with his snippy reply to an e-mail plea from a man who said he was in danger of losing his home.
2008-05-21 10:35:20 -
U.S. Stocks Fall, Led by Financials, on Credit-Rating Concern (Bloomberg.com)
May 21 (Bloomberg) -- U.S. stocks fell for a second day, led by financial companies, on concern computer errors at Moody's Investors Service may result in bond downgrades and lower earnings at banks.
2008-05-21 10:43:40 -
European government bonds remain lower ahead of Fed minutes - Forbes
LONDON (Thomson Financial) - European government bonds remained lower following this morning's firm German confidence figures with markets now closely awaiting the release of the minutes to the U.S. Federal Reserve's April interest rate decision ...
2008-05-21 08:54:00 -
Stanford CFO explains handling of University debt - U-Wire.com
With the recent U.S. economic decline, scores of colleges and universities across the nation have been facing a sharp rise in interest payments on their large debts. According to the 2007 Annual Report, Stanford currently has approximately $1.5 ...
2008-05-21 07:28:00 -
UK recession now 90 pct probable - L&G - CNBC
LONDON (Thomson Financial) - The United Kingdom faces a 90 percent probability of suffering recession due to the credit crunch, according to an economist at Legal & General Investment Management (LGIM). A combination of swollen debt, high oil prices ...
2008-05-21 07:57:00 -
Pound slides vs resurgent euro - Reuters UK
LONDON (Reuters) - The pound fell by nearly 1 percent versus a resurgent euro on Wednesday on concerns about the economy, while a surprise jump in German business sentiment strengthened the view that euro zone interest rates will not fall this year ...
2008-05-21 08:26:00 -
Gunners reported to have lodge an interest in Lyon midfielder - Wanstead and Woodford Guardian
LYON have revealed that Arsenal have made an enquiry for midfielder Hatem Ben Arfa. The French champions' president Jean-Michel Aulas claimed the Gunners have made an approach after strong interest from Arsene Wenger. "There is also interest from two ...
2008-05-21 08:40:00 -
WRAPUP 1-Canada inflation edges up, doubts cast on rate move - Reuters
OTTAWA, May 21 (Reuters) - Canada's annual inflation rate skipped above expectations to 1.7 percent in April on double-digit gasoline price hikes, casting doubt on the timing of the Bank of Canada's next interest rate cut. The jump in the April ...
2008-05-21 07:36:00 -
Directors table plan for fund to demolish buildings (Journal Inquirer)
MANCHESTER — Directors agreed Tuesday to establish a so-called “demolition fund” to pay for the cost of razing long-standing blighted buildings, but getting both parties to agree on a funding mechanism proved difficult.
2008-05-21 09:04:02 -
Gas, mortgage costs spark inflation hike (Windsor Star)
OTTAWA - Canada's inflation rates rose unexpectedly to 1.7 per cent in April - the first increase in six months - due to higher gasoline and mortgage costs, Statistics Canada said Wednesday.
2008-05-21 09:05:13