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S&P hits session low after poor services data - ReutersNEW YORK (Reuters) - The S&P 500 hit session lows on Wednesday after data showed the service sector hit a record low in November, adding to pessimism fueled by a gloomy outlook from BlackBerry maker Research in Motion. * The Institute of Supply ...
U.S. Stocks Rise, Led by Banks, Retailers; Freeport-McMoRan Shares ... - BloombergDec. 3 (Bloomberg) -- U.S. stocks rose for a second day as a jump in online spending and a record increase in mortgage applications lifted retailers and banks, overshadowing concern the worsening recession will reduce demand for commodities. Amazon ...
U.S. Stocks Rise, Led by Retailers, Banks; Freeport, Commodity Shares ... - BloombergDec. 3 (Bloomberg) -- U.S. stocks gained as a jump in online spending and a record increase in mortgage applications triggered gains in retailers and banks, overshadowing concern the worsening recession will reduce demand for commodities. Amazon.com ...
US shares advance - The AgeUS stocks gained as a jump in online spending and a record increase in mortgage applications triggered gains in retailers and banks, overshadowing concern the worsening recession will reduce demand for commodities. Amazon.com Inc. rose as much as 10 ...
Freeport-McMoRan: Suspends Dividend; Slashes Targets - Seekingalpha.comCopper, gold, and molybdenum producer Freeport-McMoRan ( FCX ) has released a cast iron, kitchen sink of a statement this morning, announcing the suspension of the $2/share annual dividend and a 50% cut in 2009 capital expenditures, along with volume ...
US STOCKS-Futures drop on gloomy company outlooks - ForbesAdding to the gloom, Freeport-McMoRan Copper & Gold Inc suspended its dividend payouts, cut its 2009 capital expenditure budget and slashed its copper output. Caution hung over the market before data that may show further deterioration in the labor ...
Wall St volatile after downbeat Fed survey - Financial TimesA bleak assessment of the US economy from the Federal Reserve derailed an earlier rally during a volatile session on Tuesday as the market sold off ahead of the official release of the so-called Beige Book. Commodity stocks, under pressure throughout ...
Stock futures drop on gloomy company outlooks - Boston GlobeNEW YORK (Reuters) - Stock index futures fell on Wednesday after Research In Motion Ltd
, a technology bellwether, slashed its outlook, compounding investors' fears about the deepening economic slump. Adding to the gloom, Freeport ...
More grim data push Wall Street lower - Financial Times
Fresh signs that the year-long recession was deepening combined with glum corporate developments across a wide range of sectors on Wednesday to push Wall Street stocks lower. Service industries contracted in November at the fastest pace on record ...
AMAG, Caraco and More: Near-Term Catalysts, Courtesy FDA - Seekingalpha.com
AMAG Pharma ( AMAG ) has more than doubled on word that the FDA accepted its complete response for a NDA of iron-deficiency anemia drug ferumoxytol in patients with chronic kidney disease and will issue a final ruling before year-end. The news is a ...

Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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