Mortgage and Financial News From 2008-7-22 Page 10

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• Inflation stalks global economy - Hindustan Times

  India’s is not a solitary battle against inflation. Policymakers across the world are confronting a spike in commodity prices amid fears of a recession in the US. As India’s wholesale price-based inflation rate rose to a 10 month-high of 5.92 per ...
  2008-07-21 11:34:00

• Interest rates unlikely to rise: FM - Hindustan Times

  Finance Minister P Chidambaram on Thursday said he does not expect interest rates to go up in reasonable future following the RBI's move to hike mandatory deposits of banks by 0.25 per cent. He also expected loans to housing sector to increase ...
  2008-07-21 11:34:00

• Park your money in a safe place (CNNMoney.com via Yahoo! Finance)

  The stock market is volatile, banks are getting battered and everyone is talking about losing money. If you're feeling skittish about your savings, you're not alone.
  2008-07-21 08:26:00

• LONDON SHOW PREVIEW: Tax-exempt EVs set to star (just-auto)

  Several new electric cars will be under spotlights at the British motor show in London this week.
  2008-07-21 09:17:07

• TH!NK City Electric Car Debut British International Motor Show (AutoSpies.com)

  The arrival on Britain’s roads of the first fully electric-powered car moves one step closer today with the UK motor show debut of the new TH!NK city electric vehicle.
  2008-07-21 12:55:20

• State to auction $75 M in deposits (The Times and Democrat)

  South Carolina State Treasurer Converse Chellis announced that the state will auction off $75 million in state deposits at a quarterly auction on July 24.
  2008-07-21 09:27:21

• Fifth Third Bancorp Reports Second Quarter 2008 Earnings (PR Newswire via Yahoo! Finance)

  Loss per share of $0.37 driven by $0.42 charge related to tax treatment
  2008-07-22 03:48:00

• Wachovia to cut more than 10,000 jobs (WCNC Charlotte)

  CHARLOTTE, N.C. -- Wachovia Corp. announced a whopping second quarter loss of $8.9 billion this morning, with plans to shake up its mortgage unit, slash its dividend payout to shareholders, and cut thousands of jobs.
  2008-07-22 06:26:59

• Clean up credit score to land a sweet mortgage rate - USA Today

  If you're a home buyer, you need to do some housekeeping, too. Unless your credit record is spotless, you probably won't qualify for the lowest mortgage rates.
  2008-07-20 05:59:00

• Fifth Third Bancorp Reports Second Quarter 2008 Earnings - Forbes

  CINCINNATI, July 22 /PRNewswire-FirstCall/ -- -- Loss per share of $0.37 driven by $0.42 charge related to tax treatment of leveraged leases -- Pre-tax, pre-provision earnings were $602 million; $745 million excluding leveraged lease and merger ...
  2008-07-22 03:52:00

• Tempus at lunchtime - Times Online

  With its bid for Alliance & Leicester last week, Santander may have kickstarted the expected wave of consolidation amongst small lenders. Today it emerged that Paragon, the mortgage provider, is in talks with an acquirer, thought to be Blackstone ...
  2008-07-22 05:18:00

• Norwegians eye oil windfall to ease economic pinch - Guardian Unlimited

  SANDE, Norway, July 22 (Reuters) - Soaring fuel and mortgage costs are squeezing Norwegians' wallets and stoking debate whether Norway should spend more of its record oil and gas windfall instead of investing it abroad. The very success of the ...
  2008-07-22 04:20:00

• Mortgage fees leap by 20% in a year - This is Money

  Mortgage borrowers hunting out the best deals are being hit by soaring costs with arrangement fees leaping by up to 20% over the past year. The average arrangement fee on a best-buy mortgage has risen from £738.33 in August 2007 to £889.69 in July ...
  2008-07-22 04:56:00

• Rayonier Reports Second Quarter 2008 Results (Business Wire via Yahoo! Finance)

  JACKSONVILLE, Fla.----Rayonier today reported second quarter net income of $37.4 million, or 47 cents per share, compared to $33.3 million, or 42 cents per share, in second quarter 2007.
  2008-07-22 05:00:00

• Equitable Life policyholders may have to go to court to force the government to pay fair compensation, according to ... (The Herald)

  The consumer will bear the brunt of "an economic horror movie" over the next 18 months but corporate Britain, and Scotland in particular, are better placed to weather the storm.
  2008-07-22 05:21:12

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