Mortgage and Financial News From 2008-9-4 Page 15
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Merrill May Fail to Sell Bad Loans to Korea Asset (Update3) (Bloomberg.com)
Sept. 4 (Bloomberg) -- Merrill Lynch & Co.'s talks to sell a ``significant'' amount of bad loans to Korea Asset Management Corp. are faltering because of a dispute over price, the Korean firm's chief executive officer said.
2008-09-04 12:13:58 -
Don't miss out on settlement's payout (Everett Herald)
You likely qualify for six or nine months of credit monitoring and maybe even cash.
2008-09-04 12:21:47 -
Resource rout claims hedge fund (The Globe and Mail)
NEW YORK, TORONTO — A year ago, Dwight Anderson was being hailed as the "king of commodities," a precocious 40-year-old hedge fund manager who made a prescient - and highly profitable - bet that global food prices would spike in unprecedented fashion.
2008-09-04 12:32:14 -
Resource rout claims hedge fund (The Globe and Mail)
Ospraie blames six weeks of commodity selloffs; plunge in prices is tripping up even sophisticated investors
2008-09-04 12:34:33 -
The Mortgage Interest Income Tax Deduction is Bad for America (Blogcritics.org)
Don't let the politicians fool you. At first blush, the mortgage interest income tax deduction seems like a great thing. You get to deduct your mortgage interest from your income. This saves you money and encourages homeownership nationwide (believed to produce positive externalities such as crime reduction, community, etc.).But beneath the surface, the mortgage tax deduction...
2008-09-04 01:21:06 -
Free chance to keep your credit safe (Daily Press)
I n a class action settlement, the credit bureau TransUnion has agreed to provide free credit-monitoring services to millions of consumers to settle claims it illegally passed along private information for marketing purposes.
2008-09-04 01:21:20 -
Calls Growing Louder For Rate Cut (SkyNews via Yahoo! UK & Ireland News)
The Bank of England is set to announce its interest rate decision today as unions and business leaders make fresh demands for a cut to combat growing recession fears.
2008-09-04 01:44:00 -
'Be alert for homeloan rescue scams' (Helderberg)
AS rising interest rates and inflation push more families into financial trouble, scammers target those on the brink of losing their properties.
2008-09-04 02:21:12 -
Daimler Financial stands strong, 13 months after Daimler AG sold most ... - Detroit Free Press
In the year following its separation from Chrysler Financial, Daimler Financial Services Americas LLC President and CEO Klaus Entenmann said he is proud of the unit's performance: Despite costly and sometimes emotional office relocations -- at a time ...
2008-09-03 12:16:00 -
Brown's economic relaunch under fire - Guardian Unlimited
There is near universal agreement in the papers that Gordon Brown's economic relaunch will do little to save the housing market - or the government. The FT concludes that the new measures are a poor foundation for housing policy and unlikely to make ...
2008-09-03 02:32:00 -
Deals of the day -- mergers and acquisitions - Reuters
Sept 3 - (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0500 GMT on Wednesday. (For Reuters columns on deals, click on [DEALTALK\] ** Coca-Cola Co (KO.N: Quote ...
2008-09-03 01:28:00 -
KDB made Lehman offer; HSBC may trump Koreans: report - Reuters
SEOUL (Reuters) - State-controlled Korea Development Bank (KDB) proposed buying 25 percent of Lehman Brothers (LEH.N: Quote , Profile , Research , Stock Buzz ) for up to $5.3 billion, a newspaper reported, but other Korean banks rumored to be joining ...
2008-09-03 02:11:00 -
Business briefs (The Olympian)
Steve & Barry's apparel store to close at mall
2008-09-04 12:07:53 -
Rights groups faults Wachovia's mortgage aid (San Francisco Chronicle)
As Wachovia Corp. struggles under a souring portfolio of loans inherited from an Oakland company, the nation's fourth-largest bank is proving among the least willing to modify mortgages in ways that would help local borrowers hold on to their properties,...
2008-09-04 12:34:29 -
Daily Briefing (The News Journal)
Today's business news in brief
2008-09-04 12:56:12