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Oct 9, 2008
Bizjournals.com, NC -
Arizona Attorney General Terry Goddard and the attorneys general of nine other states are asking 16 mortgage lenders to adopt streamlined mortgage modification programs to help ease the wave of foreclosures and bad loans. The states cite protocols set ... -
Oct 10, 2008
Bizjournals.com, NC -
Pennsylvania Attorney General Tom Corbett said Friday that his office is in the final stages of settlement negotiations with Countrywide Financial. ... -
Oct 10, 2008
KCAU, IA -
According to the Spencer Police Department, Terry Hoffert, 56, of Emmetsburg, Iowa was arrested after a lengthy investigation. Officials say the thefts occurred while home mortgages were being re-financed through Hoffert's abstract service. ... -
Saturday, October 11, 2008
Spencer Daily Reporter, IA -
By Russ Mitchell Emmets-burg police officers took 56-year-old Terry Hoffert into custody Thursday on behalf of the Spencer Police Department. She was charged with ongoing criminal conduct and two counts of first-degree theft. As an abstractor, Hoffert served as ... -
Oct 7, 2008
Kansas City Star, MO -
By MARK DAVIS Wall Street tumbled again Tuesday despite promises of an interest rate cut from the Federal Reserve, ongoing meetings by finance ministers in Europe, and news that the Fed would add corporate IOUs to its growing shopping list aimed at breaking a ... -
Oct 8, 2008
Boston Globe, United States -
By Casey Ross and Andrew Caffrey US stocks plunged again yesterday as central bankers around the world rushed to bolster deteriorating financial institutions and restore lending to companies that are cutting back because they are frozen out of credit markets. ... -
Oct 8, 2008
Baltimore Sun, United States -
For stressed-out investors, this is not a time for the faint of heart. The Federal Reserve's plan to buy massive amounts of short-term commercial paper is ... -
Oct 8, 2008
The Associated Press -
NEW YORK (AP) — Wall Street has turned around sharply with stock index futures shooting higher in response to an emergency half-point interest rate cut by the Federal Reserve. Dow Jones industrials futures surged 168, or 1.78 percent, to 9,706.00 after being down 140. ... -
Oct 8, 2008
USA Today -
NEW YORK (USATODAY.com) — US stock futures turned around early Wednesday, rising in response to emergency interest rate cuts by the Federal Reserve and several major European central banks. It also comes one day after the blue-chip index fell more than 500 points ... -
Oct 8, 2008
Forbes, NY -
AP 10.08.08, 8:57 AM ET Shares of financial services firms mostly rose in premarket trading Wednesday after the Federal Reserve Board cut a key interest rate to 1.5 percent from 2 percent in an effort to help spur a sputtering economy. The ...
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Oct 8, 2008
Reuters -
By Ellis Mnyandu NEW YORK, Oct 8 (Reuters) - US stocks headed for a lower open on Wednesday as investors feared that coordinated rate cuts by global central banks, including the Federal Reserve, would fail to unfreeze the credit markets and avert a global recession. ... -
Oct 8, 2008
The Associated Press -
NEW YORK (AP) — Wall Street headed for another volatile session Wednesday as investors doubted that an emergency interest rate cut would revive credit markets that have been stagnant for weeks. Investors were initially encouraged after central banks including the Federal Reserve ... -
Oct 8, 2008
The Associated Press -
NEW YORK (AP) — Wall Street managed a tentative advance in early trading Wednesday as investors questioned whether an emergency interest would be enough to revive credit markets and ward off a global recession. Stocks initially plunged at the opening of trading as ... -
Oct 8, 2008
Xinhua, China -
NEW YORK, Oct. 8 (Xinhua) -- Wall Street lost gains in early trading Wednesday, after initial rally on coordinated global rate cut. The Federal Reserve and six other major central banks from around the world slashed interest rates by ... -
Oct 8, 2008
CNN -
Wall Street seesaws in very volatile trading as investors welcome surprise rate cut but remain wary. By Alexandra Twin, CNNMoney.com senior writer What will ... -
Oct 8, 2008
U.S. News & World Report, DC -
Today's unprecedented decision by the world's central banks to cut interest rates around the globe is exactly what the market needs. Unfortunately, it looks more like admission of what's going wrong in the global financial system than a true solution. ... -
Oct 8, 2008
Forbes, NY -
AP 10.08.08, 12:59 PM ET Shares of regional banks mostly fell Wednesday afternoon despite the Federal Reserve Board slashing a key interest rate in a coordinated global effort to improve liquidity in the credit markets. The Fed cut its key rate to ... -
Oct 8, 2008
Wall Street Journal Blogs, NY -
Six central banks including the Federal Reserve and European Central Bank cut interest rates sharply today, an unprecedented move. ... -
Oct 8, 2008
eTaiwan News, Taiwan -
Whether the US$700 billion rescue plan will get the economy out of a jam is anyone's guess, but have no doubt about how we got here in the first place: a regulatory system that failed to do its job. In one of the most astonishing statements to come out of ... -
Oct 8, 2008
Forbes, NY -
AP 10.08.08, 3:17 PM ET NEW YORK (AP) - An RBC Capital Markets analyst cut the price targets of eight restaurant companies late Tuesday, saying the chains are all facing slower sales and higher commodity costs. NEW YORK (AP) - Shares of regional banks ...
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