Archive for May, 2009
Sunday, May 31st, 2009
Reuters - U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.Source:Geithner says U.S. committed to pull deficits down
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Sunday, May 31st, 2009
AFP - Oil prices soared Friday above 66 dollars, approaching seven-month highs on further signs of economic recovery and as the US currency plunged to a 2009 low against the euro.Source:Oil jumps above $66
(AFP)
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Sunday, May 31st, 2009
AP - Rates on 30-year home loans rose this week and were poised to go higher as investors demanded higher rates for long-term government debt, which is closely tied to mortgage rates.Source:Mortgage rates rise, remain below 5 pct
(AP)
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Sunday, May 31st, 2009
About five years ago a term began circulating in the insolvency industry that became a by word for greed, un-professionalism, exploitation and idiocy. The term ‘IVA Factory’ was coined for companies who’s primary business model was built around providing IVA’s. The word ‘factory’ in itself provokes images of mass production, ...
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Saturday, May 30th, 2009
Are you over the age of fifty and searching for retirement income advice? Have you discovered the process of job-seeking is way more difficult than you had expected? Is it all too straightforward to create excuses: to claim, for instance, that you are too old to learn new things or ...
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Saturday, May 30th, 2009
AFP - The dollar on Friday slumped to its lowest level versus the euro this year with the US currency losing its safe-haven status amid increasing signs of economic recovery, traders said.Source:Dollar sinks to 2009 euro low before growth data
(AFP)
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Saturday, May 30th, 2009
Reuters - U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.Source:U.S. housing starts and permits plumb record lows
(Reuters)
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Saturday, May 30th, 2009
Reuters - Tiffany & Co posted a 62 percent drop in quarterly earnings on Friday, worse than Wall Street had expected, as jewelry sales languished in the recession.Source:Tiffany profit falls; stock down as outlook same
(Reuters)
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Saturday, May 30th, 2009
Reuters - The Federal Housing Administration will allow the new $8,000 first-time homebuyer tax credit to be applied directly toward home purchase costs when using an FHA-insured mortgage, the Department of Housing and Urban Development said on Friday.Source:U.S. FHA to apply $8,000 credit to home buying costs
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Friday, May 29th, 2009
AP - Yellow pages publisher R.H. Donnelley Corp., which has been struggling to service its debt as the recession slashes its revenue, said Friday it voluntarily filed to reorganize under Chapter 11 bankruptcy law.Source:R.H. Donnelley to reorganize under Chapter 11
(AP)
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