Mortgage and Financial News From 2008-9-16 Page 12
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U.S. stocks bounce in volatile trading after sell-offs overseas (USA Today)
Stocks pulled off their lows Tuesday as the financial sector partially recovered from Wall Street's worst session in years and as investors grew hopeful about a Federal Reserve interest rate cut. The Dow Jones industrial average traded in a wide range, sometimes dropping more than 100, sometimes up nearly 100.
2008-09-16 09:47:11 -
Co-Operation With Detroit International Auto Salon Highlighted at the Wuhan International Auto Show Ceremonies (Marketwire via Yahoo! Finance)
DIAS Holding, Inc.
2008-09-16 09:53:00 -
Lehman Brothers: FTSE heads to 5,000 as banks scramble for funds - Times Online
The FTSE 100 fell further towards the 5,000 mark today after the Bank of England pumped an additional £20 billion in funds into the UK financial market to calm fears sparked by Lehman Brothers' collapse and the future of AIG, the US insurance giant ...
2008-09-16 04:47:00 -
Central banks struggle to contain market crisis - MSN MoneyCentral
Bank of America Corp ( BAC ) Stock Quote , Chart , News , Add to Watchlist BERLIN/TOKYO (Reuters) - Central banks pumped massive amounts of extra funds into global financial markets for the second day running on Tuesday to contain the fallout from ...
2008-09-16 04:04:00 -
WRAPUP 2-Asia c.banks try to calm markets with cash, words - CNBC
SINGAPORE, Sept 16 (Reuters) - Japan, Australia and India flooded money markets with cash on Tuesday as central banks across Asia-Pacific sought to prevent the upheaval on Wall Street from clogging the pipes of the global financial system. The region ...
2008-09-16 05:16:00 -
Borse Dubai in talks to refinance $3.78bn loan - ArabianBusiness.com
IN TALKS: Borse Dubai is looking to refinance the $3.78 billion loan used to back its takeover of OMX. (Getty Images) Borse Dubai has begun talks with banks over a syndicated loan that will refinance the company's $3.78 billion loan agreed in March ...
2008-09-16 05:59:00 -
Heifer Requests Bond Issue for Building, Refinance (Arkansas Business)
Heifer International on Tuesday will ask the Little Rock City Board of Directors to facilitate a bond issue to refinance its downtown headquarters and to help pay for a building currently under construction.
2008-09-16 06:07:46 -
HBOS extends losses (Channel 4)
Shares in Halifax Bank of Scotland have continued to nosedive after it found itself the biggest casualty of the Lehman Brothers collapse.
2008-09-16 06:12:33 -
Economy under siege as HBOS shares fall by a third and FTSE plummets to three-year low (Daily Mail: World News)
A series of new blows rocked the City today and put the British economy under siege. The FTSE-100 plunged more than 200 points to drop below 5000 for the first time since 2005.
2008-09-16 06:16:11 -
Financial crisis: HBOS shares crash 40% (The Herald)
Shares in Edinburgh-based banks Halifax Bank of Scotland and Royal Bank of Scotland were both hammered today after a rise in funding costs prompted a second day of heavy falls.
2008-09-16 06:27:45 -
£5bn wiped off bank as shares slump again (EveningTimes Online)
SHARES in Halifax Bank of Scotland slumped 33% today as the world's financial markets were hit by further turmoil. It was the second consecutive day the bank had been hit after the group's shares dived by a similar amount at one point yesterday during the turmoil from the Lehman Brothers collapse.
2008-09-16 06:39:30 -
Footsie loses grip on 5,000 (ShareCast)
LONDON (SHARECAST) - The fallout from Lehman’s collapse, Merrill’s rescue and AIG’s struggle continues to wreck havoc in London, sending the blue chip index to its lowest in well over three years.
2008-09-16 07:10:34 -
Central banks strain to contain market crisis (Reuters via Yahoo! Philippines News)
By Mark Felsenthal, Kerstin Gehmlich and Chikako Mogi
2008-09-16 07:30:55 -
Central banks strain to contain market crisis (The Globe and Mail)
WASHINGTON/BERLIN/TOKYO (Reuters) - Central banks pumped emergency funds into world financial markets for a second day on Tuesday in an increasingly fraught effort to contain the fallout from the crisis sweeping Wall Street's biggest firms.
2008-09-16 07:54:39 -
(AFX UK Focus) 2008-09-16 12:35 Europe shares extend losses; LIBOR rates jump (Interactive Investor)
FRANKFURT, Sept 16 (Reuters) - European shares fell to their lowest level in more than three years by midday on Tuesday with financials weighing heavily amid ongoing uncertainty about the fate of U.S. financial institutions. Overnight dollar Libor rates were fixed at 6.4375 percent compared to 3.10625 percent on Monday, hurting bank stocks further. The FTSEurofirst 300 index of leading European ...
2008-09-16 04:57:32