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Reuters
Monday, 12 March 2007
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 Reuters - Swiss telecoms group Swisscom
has proposed a 3.7 billion euro ($4.9 billion) friendly
takeover bid for Italian broadband operator Fastweb in
a move to break free from stagnant growth in its home market.
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AP
Sunday, 11 March 2007
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AP - In a March 9 story about home sales, The Associated Press erroneously reported a homebuilder's name. It is D.R. Horton Inc., not D.H. Horton Inc. The corrected version appears below. |
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AP
Sunday, 11 March 2007
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AP - In a March 9 story about home sales, The Associated Press erroneously reported a homebuilder's name. It is D.R. Horton Inc., not D.H. Horton Inc. |
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Investor's Business Daily
Saturday, 10 March 2007
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Investor's Business Daily - A farmer in rural China sends a text message to check on crop prices. A teenager in Japan shops on the Internet. In Germany, a real estate agent downloads property photos to show a client. |
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Reuters
Saturday, 10 March 2007
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Reuters - Countrywide Financial Corp. ,
the largest U.S. mortgage lender, on Friday told its brokers to
stop offering borrowers the option of no-money-down home loans,
according to a document obtained by Reuters. |
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AP
Saturday, 10 March 2007
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AP - Investors are waiting to find out how just how bad their hangover will be as thousands of loans made to home buyers with spotty credit histories have begun to look dubious in the sobriety that followed the housing bubble. |
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Investor's Business Daily
Friday, 09 March 2007
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Investor's Business Daily - Average 30-year rates fell to 6.14% from 6.18% in the prior week. The 15-year rate averaged 5.86% vs. 5.92%, while 1-year ARMs fell to 5.47% from 5.49%. Rates are at their lowest levels so far this year, Freddie Mac said, citing worries over last week's sell-off in stocks and concerns over the slowing U.S. economy. |
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Investor's Business Daily
Tuesday, 06 March 2007
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Investor's Business Daily - Europe's largest bank by market value said its profit rose 5% in '06 to $15.8 bil, while operating income jumped 14% to $70 mil, despite losses in its mortgage operation. HSBC projected it'll take 2-3 years to emerge from problems caused by home-loan defaults. Still, HSBC's CEO rejected claims the bank made unnecessarily risky U.S. loans. "This is not trailer park lending," Michael Geoghegan said. "This is Main Street America." Shares slid 0.4% to 85.91. |
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AP
Saturday, 03 March 2007
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AP - Federal bank regulators, worried about a surge in defaults on high-risk home mortgages, called on lenders to exercise caution in making subprime loans and strictly evaluate borrowers' ability to repay them. |
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AP
Saturday, 03 March 2007
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AP - Federal bank regulators, worried about a surge in defaults on high-risk home mortgages, on Friday called on lenders to exercise caution in making subprime loans and closely evaluate borrowers' ability to repay them. |
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AFP
Thursday, 01 March 2007
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 AFP - Deutsche Telekom, reeling from cut-throat competition on its home market, sees acquisitions abroad as a chance to return to growth, the German telecom giant's new chairman Rene Obermann said on Thursday.
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