Mortgage and Financial News From 2008-5-12 Page 4
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Beazer Homes restates prior earnings - CNBC
ATLANTA - Troubled homebuilder Beazer Homes USA Inc. said Monday it restated financial results for several prior-year periods and reported that it swung to a hefty loss in its fiscal fourth-quarter of 2007 amid a steep decline in revenue and home ...
2008-05-12 03:32:00 -
Bimini Capital Management Reports First Quarter 2008 Results - MSN MoneyCentral
The Company's first quarter loss from continuing operations was composed of net interest income of $0.4 million, a realized gain on the sale of mortgage-backed securities ("MBS") of $0.3 million, a net increase in the fair value of MBS of $0.6 ...
2008-05-12 01:37:00 -
Thornburg expects to report "substantial" 1Q loss - CNN Money
NEW YORK (Associated Press) - Thornburg Mortgage Inc. expects to report a "substantial loss" for the first quarter because of the volatility and illiquidity plaguing the mortgage industry, the lender said Monday. In a filing with the Securities and ...
2008-05-12 02:41:00 -
Trying to Avoid Foreclosure (WBUR Boston)
Amid record foreclosure rates, many homeowners are doing everything possible to negotiate with their lenders. But some are finding it's an insurmountable challenge to keep their homes.
2008-05-12 05:07:58 -
Singapore Stocks May Trade Higher Again (Nasdaq)
(RTTNews) - The Singapore stock market snapped its three-day losing streak on Monday, and now analysts are predicting that the Straits Times index will extend those gains when the market kicks off trade on Tuesday - possibly testing resistance at 3,200 points after surrendering that former support level last week.
2008-05-12 05:09:31 -
Heads they win, tails they win (Guardian Unlimited)
Business & money: The credit crunch presents bosses with a big problem: how to keep their pay up
2008-05-12 05:11:10 -
HSBC hit by $5.8bn sub-prime hit (Guardian Unlimited)
Business & money: UK's biggest bank warns the US will dive into recession but indicates it will not need to raise fresh capital
2008-05-12 05:11:20 -
It’s not Hillary’s rodeo yet (Ahwatukee Foothills News)
In your May 2 edition, you featured an editorial by Jon Beydler on how Sen. Hillary Clinton was the only person right for the job to respond to the economic crisis facing the United States ("It's Hillary's rodeo").
2008-05-12 05:14:30 -
For HSBC, Asia Offsets Loan Problems in U.S. (NYTimes.com via Yahoo! Finance)
Europe’s biggest bank put aside $3.2 billion for bad loans in the United States in the first quarter, in line with its expectations.
2008-05-12 05:36:50 -
Stocks Gain as Oil Falls and Dollar Advances (NYTimes.com via Yahoo! Finance)
Wall Street rose sharply as a rising dollar cooled concerns about inflation and helped keep oil prices in check.
2008-05-12 05:36:50 -
Television - Business (Scoop.co.nz)
PPCS plans to close its Oringi sheep and lamb processing facility near Dannevirke, which employs 466 staff.
2008-05-12 05:38:29 -
BWAY Holding Company Announces Second Quarter Fiscal 2008 Operating ... - MSN MoneyCentral
ATLANTA, May 12 /PRNewswire-FirstCall/ -- BWAY Holding Company BWY , a leading North American supplier of general line rigid containers, today reported net income for the second quarter of fiscal 2008 of $1.1 million, or $0.05 per diluted share ...
2008-05-12 03:32:00 -
N Rock’s borrowers’ arrears double - Financial Times
Northern Rock revealed on Monday the number of borrowers behind with repayments had jumped sharply since the UK mortgage lender was nationalised. The number of mortgages where payments were behind by three months or more jumped to 0.95 per cent of ...
2008-05-12 12:18:00 -
Investor says HSBC undervalued loss by $30bn - Times Online
Knight Vinke, the activist investor, launched a fresh attack on HSBC yesterday, accusing Europe's biggest bank of flattering its US sub-prime losses by failing to write down $30 billion (£15 billion) worth of mortgage assets. The broadside came as ...
2008-05-12 01:51:00 -
Rewards Network Inc. Announces Switch to The NASDAQ Stock Market - Forbes
Rewards Network Inc. (AMEX:IRN), a leading provider of marketing services and frequent dining programs to the restaurant industry, today announced that its Board of Directors has approved the decision to switch the listing of its common stock from ...
2008-05-12 01:37:00