Mortgage and Financial News From 2008-5-13 Page 8
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Societe Generale's First-Quarter Net Dropped 23% on Provisions - Bloomberg
May 13 (Bloomberg) -- Societe Generale SA , France's second- largest bank by market value, reported a 23 percent decline in first-quarter profit on increased provisions for risky loans and writedowns tied to the U.S. subprime mortgage market collapse ...
2008-05-12 10:12:00 -
Hong Kong shares end morning higher led by financials; insurers dip ... - Forbes
HONG KONG (Thomson Financial) - Hong Kong shares finished the morning session higher on Tuesday, led by financial companies, as upbeat first-quarter earnings from HSBC Holdings plc comforted investors who feared that the global credit turmoil would ...
2008-05-12 11:10:00 -
Survey: Economy hurting 1 in 10 boomers - Philadelphia Daily News
NEW YORK - The economic downturn is hitting roughly one in 10 middle-aged and older Americans especially hard, compelling them to borrow money for everyday living expenses and to seek help from family, friends or charities, according to a survey ...
2008-05-12 11:53:00 -
Atos, Carrefour, Societe Generale, Vinci: French Stocks Preview - Bloomberg
May 13 (Bloomberg) -- The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close. May futures on France's CAC 40 Index jumped 26.5 to 4,988 at ...
2008-05-12 11:38:00 -
GM boosts output at 5 plants - Detroit Free Press
General Motors Corp. on Monday restored production at five plants that had been affected by an 11-week UAW strike against supplier American Axle & Manufacturing Inc. GM also announced plans to cease operations at its Windsor Transmission plant in two ...
2008-05-12 11:53:00 -
Britain's A&L takes 192 mln stg hit to profit - Reuters
LONDON (Reuters) - UK bank Alliance & Leicester (ALLL.L: Quote , Profile , Research ) took a 192 million pound ($376 million) hit to profit from assets tarnished by the credit crunch, taking its profit in the first four months to below 2007 levels ...
2008-05-12 11:53:00 -
Homex: Where the Growth Is - BusinessWeek
While the U.S. housing market continues to suffer, homebuilding has been thriving just south of the border. The Mexican housing sector, representing 3% of that country's gross domestic product (GDP), delivered impressive growth in the past few years ...
2008-05-12 08:47:00 -
Shipbuilding Torpedoed by Subprime Leads to Freight Cost Surge - Bloomberg
May 12 (Bloomberg) -- The biggest shipbuilding boom in history collided with the largest credit-market losses ever, undermining forecasts for a plunge in freight rates. As much as $14 billion in ship orders is threatened by cancellations and delays ...
2008-05-11 04:09:00 -
Redrow says trading has deteriorated to even greater extent than ... - CNBC
LONDON (Thomson Financial) - Redrow Plc. said the trading environment in 2008 has deteriorated to an even greater extent than anticipated at the end of February, and said as at end-April, the order book in the homes operations was 26.5 percent lower ...
2008-05-12 11:38:00 -
PCLender.com Adds Ten Mortgage Lenders in Ten States - Forbes
PCLender.com, a fully hosted web based software and services solutions provider to mid-sized mortgage bankers and financial institutions, has implemented its InHouse Mortgage enterprise lending platform with ten lenders across the US in recent months ...
2008-05-12 07:10:00 -
Heartbreak as repossessions hit suburbs - News.com.au
Working class areas around the country are in mortgage stress Properties worth $400k last year are now selling for around $300k In-depth : The latest interest rate news and features IT'S every home owner's heartbreak -- watching the value of their ...
2008-05-12 11:53:00 -
Heartbreak as repossessions hit suburbs - News.com.au
Working class areas around the country are in mortgage stress Properties worth $400k last year are now selling for around $300k In-depth : The latest interest rate news and features IT'S every home owner's heartbreak -- watching the value of their ...
2008-05-12 11:53:00 -
UK Home Prices Face Widespread Declines in April - CNBC
UK housing sentiment slumped to record lows in April, underscoring continued weakness in the sector and piling pressure on the Bank of England at a time when snowballing inflation could force it to keep interest rates on hold. Nearly all the ...
2008-05-12 10:12:00