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Mortgage data fuel fears on US growth
(FT.com) Yahoo Business | 430 days 3 hours 46 minutes agoFT.com - Stocks fell sharply and goverment bonds rallied on Tuesday as further bad news from the beleaguered US mortgage sector fuelled concerns over growth prospects for the broader economy. More Info... |
New Century on bankruptcy's doorstep
(Reuters) Yahoo Business | 430 days 23 hours 29 minutes ago Reuters - New Century Financial Corp. ,
the largest independent U.S. subprime mortgage lender, said on
Monday its lenders plan to halt financing, pushing the company
closer to bankruptcy amid dwindling cash and $8.4 billion in
obligations that could come due immediately.
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Economy - Monday
(Investor's Business Daily) Yahoo Business | 430 days 23 hours 47 minutes agoInvestor's Business Daily - The monthly federal deficit hit $120 bil in Feb., but was down 26% for the first 5 months of fiscal 2007, the Treasury Dept. said. Receipts totaled $120.3 bil in Feb., while spending was $240.3 bil. More Info... |
Trends & Innovations - Monday
(Investor's Business Daily) Yahoo Business | 430 days 23 hours 47 minutes agoInvestor's Business Daily - African-American and Latino borrowers are paying more than whites for home loans in six areas of the country, a report released at a Federal Reserve community advisory meeting suggested. In Los Angeles, New York, Chicago, Boston, Charlotte N.C., and Rochester, N.Y., African-American and Latino borrowers were almost four times more likely to get a higher-cost home loan. The report focuses on both prime and subprime lending by major financial services. Banks should eliminate discriminatory lending, the report said. More Info... |
NJ jury orders Merck to pay $47.5 mln in Vioxx case
(Reuters) Yahoo Business | 431 days 21 minutes ago Reuters - A New Jersey jury on Monday ordered
Merck & Co. to pay $47.5 million in damages after
finding that the drugmaker's withdrawn arthritis drug, Vioxx,
was responsible for a plaintiff's heart attack and that the
company was reckless in promoting the drug.
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KDDI to tie with JR East on fibre-optic broadband
(Reuters) Yahoo Business | 431 days 21 hours 20 minutes agoReuters - KDDI Corp. (9433.T), Japan's
second-biggest phone company, said on Monday it plans to offer
fibre-optic broadband services via cables owned by East Japan
Railway Co. (9020.T) to challenge dominant operator Nippon
Telegraph & Telephone Corp. (9432.T). More Info... |
Stock market looks to retail sales
(AP) Yahoo Business | 431 days 21 hours 42 minutes ago AP - Wall Street appears to have regained some stability after its nosedive two weeks ago, but investors aren't ruling out more turbulence if upcoming data shows consumers are spending less in the face of rising costs.
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Zell has $13 billion proposal for Tribune
(Reuters) Yahoo Business | 431 days 22 hours 56 minutes agoReuters - Chicago real estate magnate Sam Zell
wants to take newspaper publisher and broadcaster Tribune Co.
private in a transaction valued at about $13 billion,
according to financial newspaper Barron's. More Info... |
Major Nikko investor says Citigroup offer too low
(Reuters) Yahoo Business | 432 days 42 minutes ago Reuters - Orbis Investment Management Ltd. said
that Citigroup's $10.8 billion bid for Nikko Cordial Corp.
(8603.T) is too low, joining a chorus of shareholders that
separately control about 25 percent of the troubled Japanese
brokerage's shares.
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Stocks to watch bad home loans, CPI
(Reuters) Yahoo Business | 432 days 6 hours agoReuters - Troubles in the subprime mortgage
sector could put Wall Street on edge this week just as
investors look for key economic data, including the Consumer
Price Index, to shore up the market's nascent recovery after
its recent plunge. More Info... |
EU takes aim at Apple over iTunes
(Reuters) Yahoo Business | 432 days 8 hours 15 minutes ago Reuters - European Union consumer chief Meglena
Kuneva has hit out at Apple Inc.'s bundling of its
popular iPod music players and its iTunes online music store,
according to German weekly magazine Focus.
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