Mortgage and Financial News From 2008-9-30 Page 14

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  • Kazakh banks CDS debt insurance prices hit new highs - Reuters

    ALMATY, Sept 30 (Reuters) - The cost of insuring the debt of Kazakh banks rose to record levels on Tuesday, reflecting investor perceptions of a high risk of default. Global financial instability has hit Kazakhstan -- Central Asia's biggest economy ...
    2008-09-30 07:15:00
  • Czechs to raise more foreign debt in 2009 - Guardian Unlimited

    PRAGUE, Sept 30 (Reuters) - The Czech government expects to raise more foreign debt through bonds and loans next year but to cut back the outstanding volume of domestic bonds, the draft 2009 budget documentation showed on Tuesday. The budget ...
    2008-09-30 09:24:00
  • Bally Technologies climbs amid new credit pacts - Forbes

    Shares of Bally Technologies Inc. rose Tuesday as analysts said $300 million in new credit agreements give the company some financial flexibility. Late Monday, the Las Vegas-based casino equipment maker announced the $75 million, four-year credit ...
    2008-09-30 07:51:00
  • Gazprom sees debt falling sharply in 2008 - Forbes

    MOSCOW, Sept 30 (Reuters) - Russia's gas export monopoly Gazprom said on Tuesday it expected to cut the ratio of its debt to core earnings (EBITDA) to 0.9 by the end of this year from 1.69 at the end of 2007. Gazprom, which had a consolidated debt of ...
    2008-09-30 07:22:00
  • QUICK POLL (GlobeSt.com)

    WASHINGTON, DC-Republic Properties Corp. appears to have pulled off the impossible--at least in this current credit-frozen market--with an assist from Cassidy & Pinkard Colliers’ capital markets group: the firm has just closed on a $212 million senior-and-mezz loan package to refinance existing debt.
    2008-09-30 09:33:04
  • Solicitar un préstamo (cmi valparaíso)

    Are you tired of seeking loans and Mortgages? Have you been turned down constantly By your banks and other financial institutions? Hurry and apply for a loan now!!!
    2008-09-30 09:49:10
  • Canadians turn to debt counsellors or nix big purchases in face of economic worries (Times & Transcript)

    More Canadians than ever are seeking financial relief through debt counselling agencies after maxing out the equity in their homes, or putting off things like home renovations in an effort to shore up sagging finances as they worry about the U.S. economic meltdown or face soaring costs for gasoline, food and other necessities, say experts.
    2008-09-30 10:06:18
  • Ford Motor May Use Cash to Repay $1.5 Billion Due Tomorrow (Bloomberg)

    Sept. 30 (Bloomberg) -- Ford Motor Co. , the second-largest U.S. automaker, probably will repay $1.5 billion in debt coming due tomorrow without tapping a revolving credit line, analysts said.
    2008-09-30 10:23:52
  • Our economy in turmoil: Why you should care (Melrose Free Press)

    As legislators in Washington continue debating a bailout plan for the financial services industry, you may be wondering what the financial turmoil means to you and how your financial health may be affected. Here’s what experts in a few different areas have to say.
    2008-09-30 10:24:53
  • Penn Traffic Settles with SEC (Centre Daily Times)

    The Penn Traffic Company ("Pink Sheets": PTFC) announced today that it has reached a settlement with the Securities and Exchange Commission, bringing to a conclusion the SEC's investigation into the company's accounting practices and policies prior to the company's emergence from bankruptcy in April 2005. The investigation had focused on practices and policies relating to promotional allowances ...
    2008-09-30 10:31:38
  • Bail, bail, bail the boat (The Sentinel)

    As I write this, the Dems and GOP are trying to push through a $700 billion bailout for Wall Street CEOs, irresponsible consumers and illegal aliens.
    2008-09-30 10:38:28
  • Russian stocks gain on US bailout hopes (Boston Globe)

    Russian stocks surged back into positive territory Tuesday as U.S. President Bush redoubled efforts to push a $700 billion bailout package through Congress.
    2008-09-30 10:53:13
  • Financial crisis: Mortgage lending plunges 95 per cent as housing ... - Daily Telegraph

    It said mortgage lending dived to just £143 million during August - its lowest since this data was first collected in April 1993 and a fraction of the £2.998 billion lent in July. The bank also revealed that mortgage approvals fell to 32,000 last ...
    2008-09-29 03:56:00
  • Industrial Companies Can Thank Banks for Lowest Rates Since '04 - Bloomberg

    Sept. 29 (Bloomberg) -- The same credit crunch gripping banks, brokers and insurers is providing industrial companies with the lowest short-term borrowing costs in almost four years. Yields on commercial paper due in 30 days sold by manufacturers and ...
    2008-09-29 12:50:00
  • Mortgage rates climb across the country - Phoenix Business Journal

    With all the turmoil in the credit markets, it comes as little surprise that mortgage rates have risen over the last week. According to the Zillow Mortgage Rate Monitor on Zillow.com , average rates for 30- and 15-year fixed-rate mortgages rose ...
    2008-09-30 08:55:00