Mortgage and Financial News From 2008-7-21 Page 12
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Bank of America profit falls 41 percent but tops views (EARTHtimes.org)
NEW YORK (Reuters) - Bank of America Corp , the largest U.S. retail bank, on Monday posted lower but better-than-expected quarterly results, offsetting a surge in bad debts tied to falling home prices and a slowing economy.
2008-07-21 05:07:55 -
Research In Motion Rebound Rides on BlackBerry Emulating IPhone (Bloomberg.com)
July 21 (Bloomberg) -- Research In Motion Ltd. co-Chief Executive Officer James Balsillie , an ice-hockey fanatic, quit playing with employees after he noticed they weren't hitting him as hard as others.
2008-07-21 05:16:19 -
BofA 2Q profit shrinks, beats Wall Street (Lexington Herald-Leader)
Bank of America Corp. said Monday its profit fell 41 percent in the second quarter, hurt by a big increase in bad debts tied to falling home prices and a slowing economy. But it easily beat Wall Street estimates, and shares rose almost 10 percent to $30.18 in premarket trading. The Charlotte-based bank reported net income of $3.41 billion, or 72 cents per share, on $20.32 billion in ...
2008-07-21 05:18:32 -
Obama raises profile of mixed-race Americans - San Francisco Gate
(07-20) 17:30 PDT -- On blogs and around kitchen tables across the country, mixed-race Americans are celebrating the fact that, for the first time, a biracial person, Barack Obama, will be a major party's nominee for president of the United States ...
2008-07-20 11:50:00 -
Frank mediates mortgage rescue plan - Boston Globe
WASHINGTON - At first, it looked like the same old Barney Frank who appeared on CNBC last Monday morning, wearing a rumpled gray suit and his customary air of intelligence mixed with impatience. But something was different: Instead of inveighing ...
2008-07-21 03:17:00 -
Freddie Mac May Slow Mortgage Buys to Prop Up Capital (Update1) - Bloomberg
July 21 (Bloomberg) -- Freddie Mac , the second-largest U.S. mortgage-finance company, may cut purchases of home loans from banks and bonds backed by housing debt to shore up its capital amid record delinquencies. The government-sponsored company is ...
2008-07-21 03:10:00 -
CEO Salaries Weather Mortgage Crisis (ABC News)
Fannie Mae and Freddie Mac CEOs earned roughly $30 million last year.
2008-07-21 03:43:02 -
Analysts: What banks may report (The Charlotte Observer)
Charlotte's two big banks reveal their second-quarter earnings this week; Bank of America today and Wachovia on Tuesday. Here's a look at what experts say in advance of the releases: Bank of America The big question at Bank of America is the effect of its $2.5 billion purchase of Countrywide Financial. “All eyes on Countrywide,” Jeff Harte, an analyst at Sandler O'Neill + Partners, wrote ...
2008-07-21 03:46:06 -
Sex offender law finds new battle (Savannah Morning News)
ATLANTA - Ongoing litigation over the state's stringent restrictions on sex offenders recently opened up a new wrinkle in the controversial law:
2008-07-21 03:49:33 -
U.S. Stock-Index Futures Gain; Genentech, Exxon Rise in Europe (Bloomberg.com)
July 21 (Bloomberg) -- U.S. stock-index futures rose after Roche Holding AG offered to buy the rest of Genentech Inc. and a rebound in oil and base metals lifted raw-material producers.
2008-07-21 03:50:43 -
European markets dip as HBOS rights issue disappoints (AFP via Yahoo! UK & Ireland Finance)
Europe's main stock markets fell on Monday when the financial services sector was dampened by news of a disappointing rights issue from British home loan provider HBOS, dealers said.
2008-07-21 03:50:45 -
Erie County Real Estate Transactions (The Buffalo News)
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending June 6.
2008-07-21 03:51:00 -
Unusual: Midland County officials face foes in primary (The Saginaw News)
MIDLAND -- Several top Midland County elected officers face challengers for the first time in several years, forcing run-offs in the Tuesday, Aug. 5, primary election.
2008-07-21 03:56:32 -
U.S. dollar on back foot near lows (The Globe and Mail)
Investors watching U.S. earnings, oil prices
2008-07-21 03:58:53 -
After downing Microsoft, the EU is hot on the chase of its latest ... - DailyTech
After bringing the world's biggest and most profitable software corporation, Microsoft, to its knees with a record $2.6B USD total in antitrust fines , the European Union began a serious investigation of chip maker Intel and whether it committed ...
2008-07-17 05:55:00