Mortgage and Financial News From 2008-10-24 Page 01
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Dramatic downturn hits car sales, flights and catalogue shops - Guardian Unlimited
From the vast car factories of Detroit to investment banks furnished like five-star hotels, from Air France to the UK's Argos catalogue shops - the financial turmoil of the past year is starting to hit home. Yesterday's official GDP figures show that ...
2008-10-24 07:38:00 -
Washington Is the Problem - Wall Street Journal
Fred Smith is in an agitated state. He's just returned from a Washington Redskins game -- played in FedEx field in Washington -- and the team has been upset by the Arizona Cardinals. "It was just awful," he grouses. "My son's one of the coaches, and ...
2008-10-24 10:58:00 -
Analysis finds Rays with advantage heading to Philly - USA Today
PHILADELPHIA — Who's pitching is more important than where as the World Series resumes Saturday night in Philadelphia. With the focus squarely on the Phillies' inability to hit with runners in scoring position, nearly lost in the discussion is that ...
2008-10-24 06:48:00 -
PNC Financial buying National City for $5.58B - Forbes
PNC Financial Services Group Inc. said Friday it is acquiring National City Corp. for $5.58 billion, the first bank to use fresh investments from a federal bailout program to make an acquisition. The deal comes within hours of PNC Financial receiving ...
2008-10-24 05:29:00 -
Low Prices on Foreclosures Lift Sales of Existing Homes - Washington Post
Sales of single family houses, townhouses, condos and cooperatives rose 5.5 percent in September from August and were up 1.4 percent from a year ago. The increase mildly exceeded the expectations of analysts. (By David Zalubowski -- Associated Press ...
2008-10-24 10:58:00 -
Georgia's Alpha Bank & Trust Seized as U.S. Closings Rise to 16 - Bloomberg
Oct. 25 (Bloomberg) -- Alpha Bank & Trust in Alpharetta, Georgia, with $346 million in deposits, was seized by regulators and closed as the collapse of the housing market and loan defaults claimed a 16th U.S. bank this year. Alpha, with $354 million ...
2008-10-24 10:58:00 -
Press Briefing by Dana Perino - 10/24/2008 (White House)
MS. PERINO: Hello, everybody. A few things for you. The President is currently attending briefings at the National Security Agency. This visit is similar to the ones the President has done at the CIA, at the State Department and at other places. I expect he'll be doing that as much as he possibly can between now and the end.
2008-10-24 10:10:32 -
McCain Goes One-On-One With 11 News (KKTV 11 Colorado Springs)
Senator John McCain (R) Arizona, will be back in Colorado before the election. That's a promise he made Friday when he sat down for a one-on-one interview with 11 News.
2008-10-24 10:12:33 -
Leaders call for new rules for financial system (The Star)
BEIJING (AP) - Seeking a common approach to the global financial turmoil, Asian and European leaders called for new rules guiding the global economy and a leading role for the International Monetary Fund in aiding crisis-stricken countries.
2008-10-24 10:54:20 -
Local credit union relies on cooperation in hard times (Daily Sparks Tribune)
In 50 years of operation, Frontier Financial Credit Union has learned how to survive. But in these delicate economic times, president and CEO Bruce Rodela said learning how to balance its responsibility to its regulators while trying to help distressed clients is becoming more of a challenge.
2008-10-24 11:04:54 -
Fraud inquiry spreading in Martin County (Stuart News)
The investigation into the alleged financial misdeeds of Rodney McGill, radio talk show host and pastor of New Hope Outreach Center, and his wife, Shalonda, has been expanded to include real estate dealings in Orlando.
2008-10-24 11:13:02 -
Hail Foreclosures? Market Forces Generate Solutions To Housing Crisis (The Tampa Tribune)
Home sales are booming once again in Prince William County, Va., an area hit hard by the housing bust. Foreclosures are responsible.
2008-10-24 11:16:02 -
Existing Home Sales Rise 5.5% For Biggest Jump In 5 Years (The Tampa Tribune)
Sales of existing homes rose by the largest amount in more than five years in September, a real estate trade group said Friday. The data is a possible glimmer of hope that the housing slump could be starting to bottom out.
2008-10-24 11:16:52 -
TV Review: Ron Howard's Funny or Die video: Vote! (Entertainment Weekly)
2008-10-24 11:18:38 -
Forget the Debt: James K. Galbraith on What Happens After the Bailout (Commercial Property News)
The National Debt Clock in New York made news (including here) last week when its operators had to drop the dollar sign to make room for one more digit.
2008-10-24 11:18:51