Mortgage and Financial News From 2009-1-20 Page 01
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UPDATE 1-Australian PM warns of foreign bank lending gap - FXStreet.com
CANBERRA, Jan 21 (Reuters) - Australia's Prime Minister Kevin Rudd said he was ready to take "whatever action is required" to stabilise markets, warning of a funding gap for business if foreign banks did not roll over loans due in the next two years ...
2009-01-20 09:40:00 -
Tullow Oil to announce £400m share placing - Financial Times
Tullow Oil , the exploration and production company that has had spectacular success in finding oil in Africa, is expected to announce a share placing Wednesday morning to raise about £400m. The issue, worth about 10 per cent of the company’s ...
2009-01-20 05:58:00 -
Wesfarmers sale imminent - The Age
Wesfarmers is moving to raise new equity before the short-selling ban is lifted next week. Watch for a deeply discounted rights issue in the order of $2 billion through UBS in the next few days. The WA conglomerate, which made an $18 billion takeover ...
2009-01-20 11:06:00 -
New York Times Co. Sells Stake to Mexican Billionaire - Advertising Age
With his most recent investment, Mr. Slim becomes the company's largest shareholder. In exchange for that upfront sum, Mr. Slim -- who before the agreement was the company's fourth-largest shareholder -- will receive six-year notes with warrants that ...
2009-01-20 10:59:00 -
Trying To Ease The Threat - Hartford Courant
More borrowers threatened with losing their homes could get help from the state's new mortgage relief programs under a proposal to make it easier to qualify. Gov. M. Jodi Rell has proposed changes to three state programs created in the past year ...
2009-01-20 11:13:00 -
Australia's PM warns 2009 'toughest in decades' (Market Watch)
Australian Prime Minister Kevin Rudd says that 2009 will be one of the toughest years for the economy in decades.
2009-01-20 09:21:56 -
Australian PM warns of foreign bank lending gap (Reuters via Yahoo! Philippines News)
(Adds Rudd quotes, background)
2009-01-20 09:33:28 -
Hannibal City Council OKs three-month spending increase for recycling program, plans to put $1 monthly increase on ... (Quincy Herald-Whig)
HANNIBAL, Mo. — The Hannibal City Council approved a funding increase from $550 to $1,200 a month to the Northeast Missouri Sheltered Workshop through April 30 to buffer the facility from some of the costs of managing the city’s recycling program.
2009-01-20 10:43:19 -
Circuit City to honor warranties (Dayton Daily News)
If you purchased a warranty at Circuit City, fear not.
2009-01-20 11:00:36 -
IIFCL to raise Rs 5,000 cr via tax-free bonds (Business Standard India)
After mopping up over Rs 2,500 crore in the first two days, the state-owned India Infrastructure Finance Company (IIFCL) is targeting to raise more than Rs 5,000 crore through tax-free bonds, which opened on January 19 and will close tomorrow.
2009-01-20 11:37:40 -
Chairperson defends Metorex (News 24 South Africa)
Outgoing Metorex chairperson Simon Malone praises the "enormous" achievement of his mining company in establishing a producing copper mine in the Democratic Republic of Congo amid heavy criticism from its shareholders.
2009-01-20 11:40:12 -
Business Briefs (The Post and Courier)
SPARTANBURG — Milliken & Co. said it plans to close a textile plant in Barnwell County later this year, putting about 120 people out of work. Milliken spokesman Richard Dillard told the Herald-Journal that markets served by the 50-year-old plant will be shifted to other South Carolina sites.
2009-01-20 11:43:24 -
Wesfarmers to tap market (Business Day)
Expect debt-strapped Wesfarmers to go to the market with a deeply discounted rights issue in the order of $2b within days.
2009-01-20 11:49:32 -
Home affordability best in four years - Stuff
Homes are the most affordable they have been in four years but they are still unaffordable for many and credit rationing by banks isn't helping. This is the conclusion of the December Home Loan Affordability report from financial information website ...
2009-01-20 06:05:00 -
U.S. housing shows some upside - Globe and Mail
House prices in the United States continue to fall, which is terrible news for banks still sitting on billions of dollars in mortgage-backed securities of questionable value. But the underlying fundamentals for home ownership are improving and that ...
2009-01-20 05:58:00