Mortgage and Financial News From 2008-3-15 Page 17
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CreditCards.com: Weekly Credit Card Rate Report
Earthtimes - A majority of banks index their credit card APRs to the prime rate, which moves in lock step with Fed rate moves. According to the Fed, 54 percent of issuers tie card interest rates to prime, with most banks adjusting variable rates ...
2008-03-13 03:31:00 -
On Native Ground
American Reporter - Interest rates rose to their highest levels since the Civil War. In June 1982, the prime rate — the benchmark for mortgages and consumer loans - was 21.5 percent.
2008-03-14 09:06:00 -
Bear Stearns rescue rattles Wall Street
Los Angeles Times - ... shudder through Wall Street on Friday, slamming stock prices and fanning expectations for a potentially dramatic interest rate ... Losses on sub-prime mortgages have reached nearly $200 billion, and more are expected.
2008-03-14 11:51:00 -
BUSINESS IN BRIEF 15/3 (Vietnam Net)
Deputy Minister of Industry and Trade Nguyen Thanh Bien has asked enterprises to expand outlets and diversify foreign currencies structure in an effort to gain the government’s target of 25 percent rise in export revenues.
2008-03-14 11:28:18 -
Foreclosure fight escalates (Everett Herald)
Federal Reserve Chairman Ben Bernanke vows more aid to struggling homeowners.
2008-03-15 12:19:06 -
Fed will assert power, Bernanke says (The News Journal)
WASHINGTON -- Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke said Friday that the Fed is committed to using its authority to improve the situation.
2008-03-15 01:15:49 -
Bear Stearns bailout pushes down US stocks (New Kerala)
New York, March 15 : US stocks fell Friday amid news that investment firm Bear Stearns had received a financial bailout from bank JPMorgan Chase and the Federal Reserve.
2008-03-15 01:38:08 -
Some funds planning to redeem auction-rate stock
Los Angeles Times - Nuveen, the largest U.S. manager of closed-end funds, said Wednesday that it had lined up new debt to refinance a "substantial" portion of the auction-rate securities of 13 funds that own stock or that invest in government or corporate bonds.
2008-03-12 11:53:00 -
Metro places 500 mln eur bond maturing in 2012 in two tranches
CNBC - Metro will use proceeds from the bond for general corporate expenses and to refinance debt. The bond was placed with more than 50 investors in nine countries.
2008-03-13 06:20:00 -
Munis for Tough Times
BusinessWeek - They won't be liquid until the issuers either refinance them or get new backing from banks. California may line up a $4.6billion bond sale to replace its auction securities in the coming months, for example.
2008-03-12 05:55:00 -
Marathon Oil's 1 bln usd senior unsecured notes rated 'BBB+' - S&P
CNBC - MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has assigned its 'BBB+' senior unsecured rating to Marathon Oil Corp's proposed 1 bln usd notes due 2018. Proceeds will be used to refinance existing debt, including bank ...
2008-03-13 12:22:00 -
Medco Health Solutions' proposed senior notes assigned 'BBB' rating ...
CNBC - The ratings agency said MHS intends to use the proceeds to refinance a portion of existing bank debt, fund a portion of share repurchases and for other general corporate purposes.
2008-03-12 10:13:00 -
Enel CEO aims to maintain 'attractive' but 'not abnormal' dividend ...
Forbes - Conti said the group is not considering any short-term bond issuances to refinance debt. 'We don't need to refinance our debt,' Conti said. Conti said talks with E.ON (nyse: EON - news - people ) AG over the acquisition Endesa ...
2008-03-13 05:37:00 -
Auctions of student loan bonds fail again
Billings Gazette - Stipcich has said that MHESAC is working to find ways to refinance a large part of its outstanding auction bond securities. Published on Saturday, March 15, 2008.
2008-03-14 11:51:00 -
Top officials push financial reform
Baltimore Sun - ... of the House Financial Services Committee and the Senate banking committee announced plans to introduce legislation to provide up to $300 billion in federal guarantees to help people who are in danger of losing their homes to foreclosure to refinance ...
2008-03-15 12:12:00