Mortgage and Financial News From 2008-9-16 Page 8
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U.S. banks put heat on SEC to curb illegal shorting - MSN MoneyCentral
WASHINGTON (Reuters) - A U.S. banking group increased the pressure on securities regulators to clamp down on the illegal short-selling as declines in shares of major financial companies accelerated this week. The American Bankers Association said ...
2008-09-16 01:37:00 -
Morgan Stanley delivers some good news - CNN Money
NEW YORK (CNNMoney.com) -- Morgan Stanley reported third-quarter results late Tuesday that blew by Wall Street's forecasts and were also a day earlier than expected. The New York City-based investment bank posted a net profit of $1.43 billion, or $1 ...
2008-09-16 02:20:00 -
NovaStar Financial to fight bankruptcy - CNBC
KANSAS CITY, Mo. - NovaStar Financial Inc. is fighting a second attempt this year to pull the former mortgage lender into bankruptcy. The Kansas City-based company said Monday that three creditors have filed an involuntary bankruptcy petition in ...
2008-09-16 03:03:00 -
Wild ride for imperiled AIG - CNN Money
NEW YORK (CNNMoney.com) -- American International Group spent Tuesday on a stomach-churning roller coaster ride. As the insurance titan desperately seeks cash to survive, its stock gyrated wildly with more than a billion shares trading hands. Amid ...
2008-09-16 03:17:00 -
American Mortgage Acceptance Company's Board of Trustees Decides Not ... - MSN MoneyCentral
AMAC is a real estate investment trust that specializes in originating and acquiring mortgage loans and other debt instruments secured by multifamily and commercial properties throughout the United States. AMAC invests in mezzanine, construction and ...
2008-09-16 02:20:00 -
CPM seizes Lehman to argue against reforms (The Economic Times)
The Left on Tuesday used the bankruptcy of the Lehman Brothers to argue against financial liberalisation in India.
2008-09-16 03:12:33 -
Crisis on Wall St. impacting Main St. (WISH-TV Indianapolis)
Consumers continue to cut back on travel decreasing demand for oil. As a result oil prices dropped $4 on Tuesday to less than $92 a barrel. But the drop in oil has yet to make an impact at the pump.
2008-09-16 03:17:09 -
Chattanoogan's Worried About Shaky Economy (WDEF Chattanooga)
Some people are uneasy about investments while others worry about rising consumer costs. But don't panic, one local financial expert says the economy is sound. read more
2008-09-16 03:18:16 -
Perlmutter offer part of Colo. House energy debate (INO News)
(AP:DENVER) Energy proposals from Democratic Colorado Congressman Ed Perlmutter are going before the House in Washington. The House restarted a summerlong debate on energy on Tuesday, including expanding oil drilling in Atlantic and Pacific waters.
2008-09-16 03:20:57 -
Rate cut hopes dashed as King predicts 5% inflation (Times Online)
The Governor of the Bank of England has dampened hopes of a cut in interest rates in the next few months, despite the market turmoil, as inflation hit a 16-year high of 4.7 per cent.
2008-09-16 03:21:58 -
Money market fund breaks the buck, freezes redemptions (Market Watch)
NEW YORK (MarketWatch) -- One of the first and largest money market funds has put a seven-day freeze on investor redemptions after the net asset value of its shares fell below $1, in a rare instance in the fund industry of what is called "breaking the buck."
2008-09-16 03:24:41 -
Government Officials Said to Consider AIG Conservatorship Plan (Bloomberg.com)
Sept. 16 (Bloomberg) -- Regulators are considering putting American International Group Inc.
2008-09-16 03:25:53 -
Goldman profit plunges 70pc (Stuff)
Goldman Sachs Group says its quarterly profit has plunged 70 percent as the worst market slump in decades led to weaker-than-expected revenues, knocking the stock to its lowest level in nearly three years.
2008-09-16 03:26:56 -
Stock prices stabilize, inflation falls as Fed forgoes rate cut (Centre Daily Times)
A sense of calm returned to Wall Street on Tuesday, leaving weary investors wondering whether it was a return to normalcy or the eye of the storm, even as the day featured the best inflation report in two years and the Federal Reserve chose not to change its benchmark lending rate.
2008-09-16 03:29:01 -
Wall Street Disaster Is an Opportunity for Obama - New York Observer
The chaos on Wall Street that exploded over the weekend – and caused to Dow to drop by more than 500 points on Monday alone – is, obviously, bad news for just about everyone. But strictly in terms of the looming election, now fewer than 50 days ...
2008-09-16 11:28:00