Replace Harrison condos with an IMAX theater John McGauley - FortWayne.com: Even the most well-intentioned of ideas cannot withstand the winds of a nationwide economic slump. The Harrison, the proposed 62-unit condominium development at Harrison Square, is struggling to get on its feet, and plans to scale back the project ...
Mortgage securities brought on chaos - Lexington Herald-Leader: NEW YORK — When you sit at your kitchen table and write your monthly mortgage check, your signature may be the first stop on a journey that takes your money to the other side of the world. Chances are, your bank has resold your mortgage and the ...
Debt Linked to Buyouts Tightens the Economic Vise - The Ledger: Private equity firms embarked on one of the biggest spending sprees in corporate history for nearly three years, using borrowed money to gobble up huge swaths of industries and some of the biggest names — Neiman Marcus, Metro-Goldwyn-Mayer and Toys ...
DryShips Inc. Reports Third Quarter 2008 Results - MSN MoneyCentral: -- The Company reported Net Income of $180.0 million or $4.21 per fully diluted share for the third quarter of 2008. Included in the third quarter results is a capital gain on the sale of two vessels of $65.8 million or $1.54 per fully diluted share ...
Midwest Banc Holdings, Inc. Reports Q3 Results - Businesswire.com: Midwest Bank and Trust Company Ends the Third Quarter as “ Well Capitalized ” with a 10.3% Total Risk Based Capital Ratio ” Strength and Stability Will Increase Further with $85.5 Million of TARP Capital, Announced Today MELROSE PARK, Ill ...
How Three Homebuilders Look at Foreclosures Differently - Seekingalpha.com: Many public builders have acknowledged the impact of foreclosures on the housing market. An example from MDC Holdings' ( MDC ) recent conference call : Every home that's foreclosed upon creates a housing unit that someone has the opportunity to buy ...
Property sales slump by 50pc - Daily Telegraph: The number of property sales recorded by HM Revenue & Customs in September plunged to just 59,000 from 126,000 last year. The figures cover property sales across the UK worth £40,000 or more. "September was the first month following the Chancellor's ...
Paying extra into bond to save - Citizen.co.za: JOHANNESBURG - Paying extra into a monthly home loan provides an opportunity for investment during the current global uncertainty, home loan originators Ooba said on Monday. “If for example you have a R1m home loan at a rate of 14% (one and a half ...
Fed's Lacker Says Economy Worsening Credit Crunch (Update1) - Bloomberg: Nov. 3 (Bloomberg) -- Falling U.S. economic growth and rising unemployment may further erode banks' willingness to lend to consumers and businesses, Richmond Federal Reserve Bank President Jeffrey Lacker said. ``The deterioration of economic ...
Ukraine Faces Devaluation as Politicians Haggle (Update1) - Bloomberg: Nov. 3 (Bloomberg) -- Ukrainian politicians have been unable to agree on much of anything since the country rejected its Soviet past in the 2004 Orange Revolution. Their squabbling now may lead to a currency devaluation and more capital flight ...

HBOS takes $8.5 billion hit - Reuters: LONDON (Reuters) - Britain's biggest home lender HBOS Plc raised its hit from the value of risky assets and bad loans to over 5 billion pounds on Monday and its takeover partner Lloyds TSB warned of a sharp fall in profits. The banks said the ...
PepsiCo to invest $1 bln in China over next 4 years - Forbes: BEIJING, Nov 3 (Reuters) - PepsiCo Inc (nyse: PEP - news - people ) said on Monday it plans to invest $1 billion in China over the next four years, as part of the company's strategy to expand in emerging markets. The U.S.-based food and beverage ...
UPDATE 1-Vale drops iron ore price rise demand, to pay freight - Reuters: SHANGHAI, Nov 3 (Reuters) - Brazil's Vale, the world's largest iron ore miner, withdrew its demand for a 12 percent price rise for this year's iron ore and agreed to pay freight for some of its Chinese customers, two trade sources said on Monday ...
183% interest being charged on loans to Derry families - Belfast Telegraph: A leading loans company with 5,000 customers in Londonderry today defended its practices following claims that it is charging “extortionate” interest rates. English-based Provident Financial confirmed today that its rate of interest stood at 183 ...
HBOS takes a £5.2bn hit from the credit crunch - Guardian Unlimited: Britain's biggest home lender HBOS raised its hit from the value of risky assets and bad loans to over £5bn pounds on Monday and its takeover partner Lloyds TSB warned of a sharp fall in profits. The banks said the takeover of HBOS by Lloyds TSB ...
BRICs See No Relief Even as Rally Lures Stock Bulls (Update1) - Bloomberg: Nov. 3 (Bloomberg) -- Forget last week's record 20 percent gain in emerging-market stocks. Hard times are ahead for equities in Brazil, Russia, India and China, some of the world's biggest money managers say. Even with developing-nation shares ...
Property prices in Staffordshire defy housing sector slump - This is Sentinel: LATEST statistics show property prices in Stoke-on-Trent are holding up despite a nationwide fall. The average price of a home in the city grew 0.5 per cent, to £91,766, in September, according to the Land Registry. The rise means the average house ...
Bizz Energy now in administrative receivership - EnergyLinx: Worcester based Bizz Energy is the latest victim of increases in wholesale energy costs and having appointed KPMG to carry out a quick auction after struggling to refinance its debts has now been placed in administrative receivership. All 40,000 ...
HBOS takes £2.7bn hit during crisis quarter - Times Online: HBOS, the soon-to-merge owner of Halifax and Bank of Scotland, today revealed that the value of its assets plunged by £2.7 billion in the third quarter, taking the embattled bank's total charge for the year to £5.2 billion. Collapsing commercial ...
NOTICE OF MORTGAGE FORECLOSURE SALES - Hastings Star Gazette: vs. Jeffrey Carlson, Flexpoint Funding Corporation, American Accounts & Advisors, Inc. and JNR Adjustment, Inc. Defendants. NOTICE IS HEREBY GIVEN, that under and by virtue of a Judgment entered in the above entitled action on September 2, 2008, a ...

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