Shares tumble as fears of recession cap gloomy week
Story date: 2007-10-19 04:58:00
Added on: 2007-10-19 22:47:46
The Independent - ... forecast results that showed its first drop in profits for six years due to rising bad debts among its mortgage customers. Investors worried that problems in the US housing market were starting to have spillover effects, and that the summer credit ...
Read more...
Related Stories:
-
A&L to reel in mortgages after 30% drop in profits (Guardian Unlimited)
Alliance & Leicester is turning its back on the mortgage market, as it admitted that the credit crunch had knocked 30% of...
2008-02-20 11:25:26 -
Home prices see biggest drop in 25 years (CNN Money)
National home prices showed their biggest quarterly drop in 25 years during the third quarter of 2007, said a report Tuesday....
2007-12-04 09:41:13 -
Bay State banks saw total profit drop in '07 (BizJournals)
Massachusetts banks pulled out a lot of stops in 2007 to sustain profits, but when the dust settled the group showed a...
2008-03-02 09:23:52 -
US financial shares drop over bank failures - Freshnews
US stocks fell Monday, sending financial shares plummeting to their biggest drop in eight years, spurred by regional bank failures. US banking...
2008-07-15 10:44:00 -
Indian shares snap 5-day rally, drop 2 pct - Reuters India
BANGALORE, Aug 12 (Reuters) - Indian shares snapped a five-day rally and fell 1.9 percent on Tuesday, led down by ICICI Bank...
2008-08-12 05:07:00 -
Principal Financial shares drop after subprime woes cut profits (Sioux City Journal)
DES MOINES, Iowa (AP) -- Retirement fund and financial services company Principal Financial Group Inc. saw shares slide more than 9 percent...
2008-02-05 11:03:17 -
US jobless rate highest in 4 years, payrolls drop (ABS-CBNNEWS.com)
WASHINGTON - The U.S. unemployment rate hit its highest in four years during July as employers cut jobs for a seventh straight...
2008-08-02 06:33:24 -
UK business calendar: Aug 4 - 8 - Daily Telegraph
• HSBC Holdings is expected to reveal a drop in first-half profits, reflecting continued vulnerability in North America and the downturn in...
2008-08-03 04:52:00
