Mortgage and Financial News From 2007-9-19 Page 6

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  • Paris shares close sharply up as Fed rate cut reinjects confidence ...

    Forbes - The Fed's decision yesterday to slash interest rates by 50 basis points eased concerns over the current credit squeeze and the corresponding effect on economic growth. Bank stocks were the main beneficiaries of the renewed optimism, as investors ...
    2007-09-19 10:10:00
  • Brazil's Real Rises on Higher Exports, Fed Interest-Rate Cut

    Bloomberg - Sept. 19 (Bloomberg) -- Brazil's real rose to an eight-week high on expectations lower interest rates in the U.S. will stimulate ... The prospect of further gains in the real beyond current levels is now becoming more likely,'' said Xando, who manages 3 ...
    2007-09-19 01:16:00
  • First National Lincoln Corporation Increases Dividend

    MSN MoneyCentral - ... per share translates into an annual dividend of 70.0 cents per share, and based on today's closing price of $15.04 per share, this results in a very attractive current annual dividend yield of 4.65%. "Yesterday's lowering of interest rates by ...
    2007-09-19 01:59:00
  • Crude prices spike, gas prices down after interest rate cut

    Detroit Free Press - Crude oil prices rose above the $82-mark on news that falling interest rates could fuel greater demand for petroleum products. ... Atlas Oil in Taylor. “This is an indication that people are concerned that there isn’t enough crude for the current ...
    2007-09-19 01:31:00
  • Dollar continues to fall in wake of Fed interest-rate cuts

    International Herald Tribune - Lower interest rates, used to jump-start the economy, can weaken a currency by giving investors less return on investments ... The current pace of home construction is the lowest in 12 years. The dollar also fell briefly against the British pound ...
    2007-09-19 02:06:00
  • Fitch Rates Russia Local School District, Ohio's $3.5MM Improv Rfdg ...

    CNBC - The current issuance refinances the district's 2001 issue, which renovated the high ... within commuting distance from the district, helping keep unemployment rates ... Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall ...
    2007-09-19 02:35:00
  • Bank of England plans to inject funds into money market, marking ...

    International Herald Tribune - Economists said that the events of recent days had made it almost certain the central bank would now cut official interest rates from the current level of 5.75 percent by the end of the year. Philip Shaw, chief economist at Investec, said the fund ...
    2007-09-19 05:27:00
  • A "perfect storm" for gold -- Barrick CEO

    Reuters - Last: TORONTO, Sept 19 (Reuters) - Current U.S. conditions of low interest rates and evident inflationary pressures are a "perfect storm" for gold prices, Barrick Gold Corp (ABX.TO: Quote , Profile , Research ) Chief Executive Greg Wilkins said on ...
    2007-09-19 12:19:00
  • US cuts rates by 0.5% (Accountancy Age)

    The US Federal Reserve , in an effort to take the pressure off the current credit crisis, has cut interest rates by 0.5%, the first time they have been reduced since mid-2006.
    2007-09-19 12:16:40
  • The Local Impact of Lower Interest Rates (KOLR/KSFX Ozarks)

    Wall Street is loving Tuesday's move by the Federal Reserve to slash interest rates. Stocks rose moderately today as Wall Street continued its rally following yesterday's action.
    2007-09-19 03:26:19
  • Canadian inflation falls sharply; interest rates likely to remain stable (The Canadian Press via Yahoo! Canada News)

    OTTAWA - Canada's worrisome inflation problem made great strides toward stability last month as all three price indexes monitored by the Bank of Canada to set interest rates moved lower.
    2007-09-19 10:41:00
  • BOJ's Fukui says current Japan rates very low (Reuters via Yahoo! Malaysia News)

    TOKYO, Sept 19 - Bank of Japan Governor Toshihiko Fukui said on Wednesday that current interest rate levels were still very low in view of Japan's solid economic growth. "There is no change in the need to adjust interest rates if the economy moves in line with our scenario," Fukui told a news conference.
    2007-09-19 12:40:00
  • Accredited Shares Rise After Lender Accepts Lone Star Offer

    Bloomberg - Sept. 19 (Bloomberg) -- Accredited Home Lenders Holding Co. rose as much as 19 percent in New York trading after the subprime mortgage company ended a two-month dispute with suitor Lone Star Funds by agreeing to a lower bid. The stock gained $1.78 to ...
    2007-09-19 08:51:00
  • UPDATE 3-Deals of the day -- mergers and acquisitions

    Reuters - Subprime mortgage lender Accredited Home Lenders Holding Co (LEND.O: Quote , Profile , Research ) agreed to be bought at a lower price by Lone Star and to drop a lawsuit against the private equity firm. [nN18198759] ** Kellwood Co (KWD.N: Quote , ...
    2007-09-19 02:28:00
  • Abbey branded 'unwise' as it launches a 125% mortgage

    This is London - Britains's third biggest mortgage lender was last night accused of fuelling the national debt crisis by launching a new home loan worth up to 125 per cent of a property's sale price. The Abbey loan, the biggest of its type ever offered to UK ...
    2007-09-19 04:22:00