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Service industries tumble to record low; Fed reports nationwide ... - Minneapolis Star TribuneWASHINGTON - The latest evidence of a deepening recession that's already the longest in a quarter-century came Wednesday in a pair of reports that found little relief in sight. The U.S. service sector shrank far more than expected in November, as ...
Sterling Bancshares to receive $125M from gov't - CNN MoneyNEW YORK (Associated Press) - Sterling Bancshares Inc. said Tuesday it received preliminary approval to receive $125 million in capital as part of the government's $700 billion bank investment program. The government investment, administered by the U ...
Taxpayers' mortgage guarantee - bbcGordon Brown has just announced a scheme which he hopes will lead to significantly fewer repossessions next year than the 75,000 currently expected by the CML. It's an attempt to provide assistance for two years to those families which suffer a fall ...
Rebellion over SNP finance package grows in public and private sectors - ScotsmanPRESSURE continued to mount on the Scottish Government yesterday as business and council leaders drew battlelines over SNP policy. As revealed in The Scotsman, leaders of Scotland's leading business organisations, known as the Group of Six, met with ...
Market's Fall Deepens as Concerns Mount on Banks - Wall Street JournalThe stock market's brutal fall reached a new landmark Thursday as the broad Standard & Poor's 500-stock index breached its low from the last bear market and landed back where it was in the spring of 1997, marking a 52% decline from its peak ...
FTSE 100 heads for sharpest fall since 1987 - Daily TelegraphThe UK's index of leading shares dropped more than 300 points shortly after the open and continued falling during a tumultuous day's trading. By 3:30pm in London the index was off 335 points, or 6.7pc. It has not fallen more in a day since October ...
FTSE 100 tumbles to lowest since 2004 as crisis deepens - Daily TelegraphThe UK's index of leading shares dropped more than 300 points at one stage and was down 270 points by noon in London. Shares in HBOS, Royal Bank of Scotland, Barclays, Lloyds TSB and HSBC all registered sharp falls. Miners added to the pain for ...
Should the government bail out automakers, too? - Atlanta Journal ConstitutionAbout five seconds after the $700-billion financial bailout passed, politicians asked about saving automakers, too. And then there were the “underwater” mortgage-holders. And really, would it be fair to let Circuit City die? The “where-does-it ...
Number of bankrupt Ohioans is growing and they're owing more - Cleveland Plain Dealer BlogThey owe almost twice as much as in past generations, and their ranks have expanded to include more senior citizens. "It could be anybody, from any walk of life," said Robert Keach, American Bankruptcy Institute president-elect. "Generally speaking ...
How will the Chancellor repay debt? - bbcThe Chancellor has said that he needs the flexibility in the looming recession to spend and borrow more than would be possible if he adhered to the fiscal rules. These are the strictures on how much the Government can borrow that were introduced in ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
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