Mortgage and Financial News From 2008-7-10 Page 14

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• Bankruptcies leap 134% in first six months (Orange County Register)

  Orange County and surrounding counties are hard hit by mortgage crisis, higher food and fuel costs
  2008-07-10 07:25:46

• Housing help comes close to home (Broomfield Enterprise)

  Homeowners struggling with mortgage payments have a bit of good news coming their way.
  2008-07-10 07:30:40

• European Bonds Gain on Concern Credit-Market Losses Will Widen (Bloomberg.com)

  July 10 (Bloomberg) -- European government notes advanced as concern the U.S. may need to bail out its two largest mortgage companies fueled demand for the safest assets.
  2008-07-10 07:53:34

• Gold Buoyed as Stocks Enter Bear Market (GoldSeek.com)

  July 10 a.m. ( USAGOLD ) -- Gold is pushing higher within the range as US stocks slid to 2-year lows on Wednesday. Additional Iranian missile tests are helping to keep the yellow metal underpinned as well.
  2008-07-10 08:04:37

• Adult Entertainment Feels Pinch Of Economy (WCMH Columbus)

  The women are used to sparse crowds on weekday afternoons at the Deja Vu strip club on Adamo Drive. But not like this.
  2008-07-10 08:14:03

• New Wachovia CEO could make over $38 million (Asbury Park Press)

  Wachovia Corp. said today it plans to pay new chief executive Robert Steel an annual salary of $1.1 million, plus bonuses and other incentives that could total $38.1 million.
  2008-07-10 08:21:24

• Media moguls meet at Sun Valley for annual fun (KTVB Boise)

  Rupert Murdoch expects the capital markets to lurch through the next 12 months as Wall Street banks sift through mountains of bad debt related to the mortgage crisis, the News Corp. chairman said Wednesday.
  2008-07-10 08:25:39

• Abbey cuts fixed rate mortgages (Channel 4)

  Abbey has become the latest bank to announce it is cutting its fixed rate mortgages as the cost of wholesale funding continued to ease. The group said it was reducing the cost of its two-year and three-year fixed rate deals by up to 0.15% from Monday.
  2008-07-10 06:59:56

• U.S. bank earnings fraught with pain, uncertainty (Reuters via Yahoo! Philippines News)

  By Jonathan Stempel
  2008-07-10 07:02:01

• Asian stocks close mostly down after Wall Street slides (ABS-CBNNEWS.com)

  HONG KONG - Asian stocks closed mostly down Thursday after a Wall Street slump soured sentiment and key economic numbers painted a picture of slowing regional growth.
  2008-07-10 07:02:15

• Daily Archives: July 10, 2008 (Jersey Evening Post)

  GIVEN that 21 States Members voted against the proposal that the Island should have a new £106m energy-from-waste plant and that 30 voted in favour only after 11 hours of debate, it is clear that a degree of political uncertainty is associated with the project.
  2008-07-10 07:02:51

• U.S. bank earnings fraught with pain, uncertainty (EARTHtimes.org)

  NEW YORK (Reuters) - U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising and dividend cutting will be needed to achieve it.
  2008-07-10 07:10:22

• HL:Energy, financials send TSX higher; N.Y. weak on mixed retail showing@ (INO News)

  TORONTO _ The Toronto stock market revived in early trading Thursday after taking a hit of almost 200 points in the previous session. New York indexes were weak following mixed retail data for June while investors assessed a big takeover in the U.S. chemical industry.
  2008-07-10 07:19:20

• J.S. McDougall: Alaskan Fisherwoman, Dr. Riki Ott Responds to the Supreme Court (HuffingtonPost)

  J.S. McDougall is the lead blogger at Chelsea Green. Dr. Riki Ott is an internationally known expert on how oil spills affect marine life. A...
  2008-07-10 08:17:07

• Economy taking a toll on Falmouth homeowners (The Falmouth Bulletin)

  A decrease in housing prices, overextended debt, a shrinking job market and inflation are pushing more people to the brink.
  2008-07-10 08:25:05

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