Mortgage and Financial News From 2009-5-22 Page 01
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S&P cuts McClatchy rating, says debt swap to help - Lexington Herald-Leader
NEW YORK -- Standard & Poor's Ratings Services on Friday slashed its corporate credit rating on newspaper publisher McClatchy Co. four notches deeper into junk territory after the company offered to buy back $1.15 billion in debt at a fraction of ...
2009-05-22 04:55:00 -
Meltdown 101: What's a preferred share? - Associated Press
NEW YORK (AP) -- When a company's balance sheet is in tatters, is an investor any better off holding preferred stock? It's a question that's coming up more often these days, as struggling corporations slash dividends, issue stock offerings to raise ...
2009-05-22 10:24:00 -
One pension nest is easier to feather - Scotsman.com
THE economic crisis has sparked a sharp rise in the number of people asking pension companies for an update on the likely state of their retirement funds. Pensions consultant Aon this week reported that in the past year 71 per cent more workers in ...
2009-05-22 05:59:00 -
The trick is not to lose sight of value stocks - Gulf News
Needless to say, investor confidence plummets when volatile markets experience historic cyclical lows like the one witnessed over the last one year. The major domestic markets were not an exception. The Dubai Financial Market (DFM) lost around 70 per ...
2009-05-22 06:42:00 -
Obama signs sweeping credit card reform bill - CNBC
U.S. President Barack Obama signed into law on Friday sweeping reforms that restrict credit card interest rates and fees, marking a victory for Democrats trying to help recession-weary consumers and a setback for banks seeking to retain sorely-needed ...
2009-05-22 07:39:00 -
Moral Hazard and the Meltdown - Wall Street Journal
An appropriate government response to the bursting of the housing bubble requires a full understanding of what went wrong and why. Many commercial banks, investment banks, savings and loans, mortgage originators, subprime borrowers, and insurance ...
2009-05-22 08:58:00 -
Playing the millionaire's game - Gulf News
Dubai: It seems like money still flows in abundance on this side of the planet. Every week, at least one new millionaire emerges in the UAE, thanks to banks who, despite reported tight liquidity, are giving away millions of dirhams to its loyal ...
2009-05-22 06:42:00 -
Cowen's call to nation was sop to his dwindling tribe - Independent
SILLY ME! I spent months urging Brian Cowen to make an address to the nation. Then on Thursday he did make an address to the nation, or at any rate a speech touted as such. It consisted of an attack on the opposition parties and a claim that we will ...
2009-05-22 10:46:00 -
Ameriana Bancorp Sells Interest in Family Financial Holdings - Businesswire.com
NEW CASTLE, Ind.--( BUSINESS WIRE )--Ameriana Bancorp (NASDAQ: ASBI), parent company of Ameriana Bank, SB, today announced that Ameriana Financial Services, Inc., a subsidiary of the bank, has liquidated its 16.67% interest in Family Financial ...
2009-05-22 04:12:00 -
Real estate prices climb to record level (The Truro Daily News)
TRURO – The average price for residential real estate in Nova Scotia climbed to its highest level on record last month.
2009-05-22 09:07:49 -
Positive data needed to lift stocks (Reuters via Yahoo! Asia News)
By Chuck Mikolajczak
2009-05-22 09:22:37 -
Positive data needed to lift stocks (Reuters via Yahoo! News)
Wall Street may feel more pressure next week unless a raft of economic data, including
2009-05-22 09:22:37 -
Gold glitters (The Malaysian Insider)
SINGAPORE , May 23 — Gold has regained much of its glister and is now at its highest price in almost two months, as a weakening US dollar turns investors back to the precious metal. The price hit US$952 (RM3,332) per troy ounce yesterday with experts tipping plenty more to come, thanks to rising demand, global economic uncertainty and an expected weakening of the greenback over the next 12 ...
2009-05-22 09:47:34 -
Berkshire Hathaway Shareholder Meeting Transcript by Philip Durell (Guru Focus)
Transcribed by Philip Durell of the Motley Fool. Added and edited by Robert Miles of Value Investors' Conference [Omaha] Warren Buffett [WB] while drinking a cherry coke - "drink more coke, with 8 percent ownership, after every 12 servings the profit goes to us." Q. (Morningstar) With your large cash holdings did you have any in troubled money market funds? A. We always have cash or near cash as ...
2009-05-22 11:04:24 -
Hungry For Raw Materials (Forbes)
This bull has already started running.
2009-05-22 11:43:22