Mortgage and Financial News From 2008-4-15 Page 3

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• Fitch Rates Wayne County Airport Authority, Michigan´s $145MM Revenue Refunding Bonds ´A´ (wallstreet:online AG)

  Fitch Ratings has assigned an ´A´ rating to Wayne County Airport Authority (the authority),
  2008-04-15 01:05:38

• Reuters Canada Business Summary (The Globe and Mail)

  TORONTO (Reuters) - Toronto's main stock market pushed closer to the key 14,000-point mark on Tuesday with another 100-point gain, as record oil prices and firm metal prices boosted the resource-heavy index.
  2008-04-15 01:11:37

• Intel Posts Record First Quarter Revenue of $9.7 Billion (Business Wire via Yahoo! Finance)

  SANTA CLARA, Calif.----Intel Corporation today announced record first-quarter revenue of $9.7 billion, operating income of $2.1 billion, net income of $1.4 billion and earnings per share of 25 cents.
  2008-04-15 01:15:00

• Ron Paul is Still Running (The Prairie Advocate)

  For those who have access to computers, and for those Americans who are seekers of truth, go to www.infowars.com It is an eye-opener for those who are deceived by our controlled zionist mainstream media.
  2008-04-15 01:17:37

• The Castle Group, Inc. Announces Southeast Asia Goals and Financial Results for 2007 (Centre Daily Times)

  The Castle Group, Inc. (OTCBB:CAGU) holding company for Castle Resorts & Hotels, today announced its objectives for expansion into Southeast Asia in 2009 and financial results for year-end, December 31, 2007.
  2008-04-15 01:17:43

• Equity release take-up falls (Channel 4)

  The number of retired people unlocking money from their homes fell during the first quarter of the year as problems in the wider economy hit their confidence, figures show.
  2008-04-15 11:18:57

• MONEY & BANKING (The Hindu)

  INSIGHT Commodity prices vulnerable The world has changed. It used to be that, in a recession (or recession-like environment), commodity prices would fall. No longer. Even as the U S economy moves into negative growth territory, oil, gold, foodgrains (wheat, rice, corn, etc.) ...
  2008-04-15 11:19:23

• Defiant Gordon Brown defends economic record amid growing credit crisis (Daily Telegraph)

  Gordon Brown has been forced to defend his premiership and in particular his economic record as he faced mounting criticism over the credit crisis.
  2008-04-15 11:21:32

• AP Interview: Frank threatens tough mortgage rules (AP via Yahoo! News)

  Congressional Democrats and President Bush will agree on a bill to help half a million or more struggling homeowners get into lower cost mortgages, but it won't be through the bankruptcy courts, the chairman of the House Financial Services Committee predicted Tuesday.
  2008-04-15 11:29:44

• Joint Liability on Loans to Be Abolished (donga.com)

  The Financial Supervisory Service announced yesterday that it will scrap joint liability placed on home mortgages by late June and come up with new measures. The current system has been criticized as an unfair system of “guilt-by-association.”
  2008-04-15 11:39:07

• Wilmers: 'No quick fix' for banks (Business First of Buffalo)

  Citing a "crisis of confidence," M&T Bank Corp. CEO Robert Wilmers said Tuesday the U.S. financial services industry needs a drastic overhaul to restore stability. (MTB)
  2008-04-15 11:44:55

• San Francisco (The San Francisco Examiner)

  SAN FRANCISCO ( Map , News ) - Charles Schwab Corp.'s ( SCHW , News ) first-quarter profit rose 12 percent to catapult the discount stock brokerage to the most prosperous start in its history, providing a glimmer of good news amid the gloom hanging over the financial sector.
  2008-04-15 11:48:32

• U.S. Foreclosures Jump 57% as Homeowners Walk Away (Update4) (Bloomberg.com)

  April 15 (Bloomberg) -- U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners lost their homes to lenders.
  2008-04-15 11:48:34

• Investors of auction-rate securities left in limbo (International Herald Tribune)

  Now that the cash-out window of the $330 billion auction-rate securities market has slammed shut, the market mechanics and the credit squeeze give issuers and brokers little incentive to help the investors.
  2008-04-13 11:56:12

• The death of dreams in the light of Columbia (Baltimore Examiner)

  Markia Jones approached the death scene cautiously, as though the body of Bryan Antoine Adams still lay on the ground.
  2008-04-14 12:16:22

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