Mortgage and Financial News From 2007-10-2 Page 14

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  • Construction, engineering firms' IPOs flood market

    Hindustan Times - With the US Federal Reserve's interest rate cut warding off fears of a liquidity crunch and the benchmark indices at an all-time high, engineering and construction companies are rushing into the markets with public floats at a time when possibilities ...
    2007-10-02 09:33:00
  • FACTBOX-U.S. financial companies cut jobs

    Reuters - Last: Oct 2 (Reuters) - U.S. banks and financial service companies with banking operations are cutting tens of thousands of jobs. Some have said they are reducing staffing to lower their costs. Others are doing so because interest rate changes have ...
    2007-10-02 11:28:00
  • Stocks Fall Further As Housing Weakness Discourages Buyers

    CNBC - Stocks moved lower as weaker-than-expected existing home sales kept buyers out of the market in the wake of Monday's strong rally. "I think the market is pricing in future interest rate cuts; the concern is that if the Fed does nothing in October we ...
    2007-10-02 10:45:00
  • HomeBuilder Stocks Rally on Hopes of Market Bottom

    CNBC - Homebuilder stocks rallied for a second consecutive day as investors gambled that the struggling U.S. housing market, with a chance of further interest-rate cuts, may have bottomed out and now is the time to buy, investors said. [ .DJUSHB   Loading ...
    2007-10-02 10:02:00
  • US STOCKS-Market inches down with energy shares

    Reuters - Last: NEW YORK, Oct 2 (Reuters) - U.S. stocks edged lower on Tuesday as a drop below $80 a barrel in oil hurt energy shares, offsetting optimism about further interest rate cuts fueled by the latest disappointing news on housing. Shares of Exxon ...
    2007-10-02 10:45:00
  • Bank of Canada adds another $855-million to the markets

    Globe and Mail - For the fourth day in a row, it moves to defend its target overnight interest rate ... Read the full article Please let us know if this reader’s comment breaks the editor's rules and is obscene, abusive, threatening, unlawful, harassing, defamatory ...
    2007-10-02 11:42:00
  • Sector Snap: Homebuilders

    CNBC - NEW YORK - Housings stocks shot up Tuesday, buoyed by an optimistic analyst report and the increased likelihood of an interest rate cut at the end of the month, even as data suggested the sector's collapse may deepen in coming months. The National ...
    2007-10-02 10:09:00
  • Home builder stocks rally

    Reuters - Last: NEW YORK (Reuters) - Home builder stocks rallied for a second consecutive day on Tuesday as investors gambled that the struggling U.S. housing market, with a chance of further interest-rate cuts, may have bottomed out and now is the time to buy ...
    2007-10-02 11:56:00
  • Bank of Canada injects C$855 mln to add liquidity

    Reuters - OTTAWA, Oct 2 (Reuters) - The Bank of Canada injected C$855 million in overnight money into the markets on Tuesday to lower the overnight interest rate toward the central bank's target and improve liquidity. The bank intervened regularly in August ...
    2007-10-02 12:32:00
  • Rate rise unlikely as focus turns to spending

    News.com.au - INTEREST rates are expected to hold today at 6.5 per cent as economists focus on the high Australian dollar and the impact of August's rate rise on consumer spending levels. However, the strength of the Australian dollar, which yesterday hit an 18 ...
    2007-10-02 08:00:00
  • Stocks Mixed Amid Rate Cut Hopes

    Newsday - The data suggest sales of existing homes will probably keep declining in the coming months -- bad news for the economy, but good news for those hoping for another interest rate cut. After the Federal Reserve lowered rates on Sept. 18, the stock ...
    2007-10-02 12:39:00
  • ECB under pressure to shun rate hikes

    BusinessWeek - The skyrocketing "super euro" and the U.S. credit crisis are casting shadows on Europe's economy, increasing pressure on the European Central Bank to back away from further interest rate increases that could send the euro even higher against the ...
    2007-10-02 10:16:00
  • Delta raises loan, lowers interest rate

    CNBC - NEW YORK (AP) - Delta Air Lines Inc. said Tuesday it has increased its credit facility and reduced its interest rate on a loan provided by General Electric Capital Corp. Delta increased its spare parts loan to $415 million and granted GECC ...
    2007-10-02 07:53:00
  • Mexican stocks jump as investors eye U.S. rate cut

    Reuters - MEXICO CITY, Oct 2 (Reuters) - Mexican stocks rose on Tuesday, led by cement maker Cemex as investors bet on further interest rate cuts in the United States, Mexico's top trading partner. The benchmark IPC stock index rose 1.13 percent to 31 ...
    2007-10-02 12:18:00
  • TREASURIES-Bonds rise as housing adds to rate cut hopes

    Reuters - NEW YORK, Oct 2 (Reuters) - U.S. Treasury prices rose on Tuesday after dismal housing data bolstered bond investors' hopes for a Federal Reserve interest rate cut at month-end. Meanwhile, a drop in crude oil prices below $80 per barrel hurt energy ...
    2007-10-02 12:11:00