Mortgage and Financial News From 2008-2-12 Page 18

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  • Prudential bounce lifts London insurers

    Financial Times - Prudential bounced back on Tuesday as analysts said it had written little or no insurance for risky US mortgage-backed securities. On Monday, Prudential fell 6 per cent after AIG, a US rival, raised its estimates of losses from exposure to credit ...
    2008-02-12 01:55:00
  • High-tech giants seeking massive tax break

    Seattle Post Intelligencer - OLYMPIA -- Microsoft and a handful of other tech giants are quietly securing a state tax break that could be worth ... Seattle Real Estate News With the P-I's Aubrey Cohen · Getting soft · What's a Zilpy? · Mortgage insurance getting harder to get
    2008-02-12 12:01:00
  • DSG misses out as the sparks fly over Intel

    Times Online - It reinsures through Munich Re, whose Frankfurt shares were under pressure yesterday after AIG’s Monday warning over losses on insurance mortgage-backed bonds. Miners were rampant as platinum touched a record high and copper rose. Lonmin moved up ...
    2008-02-12 04:47:00
  • Virgin leads in race for Rock, says Treasury - Telegraph.co.uk

    Virgin leads in race for Rock, says TreasuryTelegraph.co.uk, United Kingdom - 2 hours agoNorthern Rock’s management, led by former insurance chief executive Paul Thompson, has been told that its proposal is inferior. However, the Treasury is ...
    2008-02-12 05:27:53
  • News That Moved the Market - Seeking Alpha

    News That Moved the MarketSeeking Alpha, NY - 2 hours agoTreasury Secretary Henry Paulson and a group banks responsible for half the US mortgage market announced plans to offer 30 day foreclosure freezes. ...
    2008-02-12 05:30:53
  • Buffett's $800bn monoline lifeline boosts global stockmarkets - Guardian Unlimited

    Buffett's $800bn monoline lifeline boosts global stockmarketsGuardian Unlimited, UK - 1 hour agoHe told CNBC television that last Wednesday he offered the three main monoline insurers in the US - Ambac, MBIA and FGIC - an insurance policy underwriting ...
    2008-02-12 05:41:57
  • ABN AMRO: ASX Limited – Volumes are still strong - egoli.com.au

    ABN AMRO: ASX Limited – Volumes are still strongegoli.com.au, Australia - 1 hour agoThe Oracle of Omaha came to the rescue overnight, news that Mr Buffet had offered a second level of insurance over some municipal bonds guaranteed by the ...
    2008-02-12 05:57:55
  • Buffett offers $800bn bond lifeline - Independent

    Buffett offers $800bn bond lifelineIndependent, UK - 1 hour agoIn letters to several of the ailing "monoline" insurance companies, whose guarantees back hundreds of billions of dollars of municipal bonds, ...
    2008-02-12 06:07:02
  • Buffett plan would take the best from bond insurers - Financial Times

    Buffett plan would take the best from bond insurersFinancial Times, UK - 1 hour agoHe only wants the low-risk part of the bond insurance universe, however, not the risky structured products linked to rising subprime mortgage losses. ...
    2008-02-12 06:20:17
  • Shares mostly up in fragile rally - China Post

    Shares mostly up in fragile rallyChina Post, Taiwan - 1 hour agoWall Street closed up on Monday but news from US insurance giant AIG that one of its portfolios linked to subprime mortgage investments had declined more ...
    2008-02-12 06:24:12
  • Job growth slips in Utah - Salt Lake Tribune

    Job growth slips in UtahSalt Lake Tribune, United States - 1 hour agoAlthough Utah hasn't had a high share of such loans and isn't feeling the foreclosure crunch, banks and mortgage companies have tightened lending standards ...
    2008-02-12 06:32:26
  • Warren Buffet To The Municipal Bond Rescue - Nightly Business Report

    Warren Buffet To The Municipal Bond RescueNightly Business Report, FL - 52 minutes agoBillionaire investor Warren Buffett revealed today he's willing to take on $800 billion in credit risk from MBIA, Ambac and Financial Guaranty Insurance. ...
    2008-02-12 06:41:43
  • NBR Transcripts-February 12, 2008 - Nightly Business Report

    NBR Transcripts-February 12, 2008Nightly Business Report, FL - 52 minutes agoThe problem is their portfolio post that transaction would still include all of the higher risk exposures, such as CDOs, mortgage-backed securities, ...
    2008-02-12 06:41:47
  • The future of the GCC’s emerging capital markets - Khaleej Times

    The future of the GCC’s emerging capital marketsKhaleej Times, United Arab Emirates - 35 minutes agoYet GCC capital markets are still embryonic, with local, liquid corporate debt and mortgage backed securities markets almost nonexistent. ...
    2008-02-12 06:58:42
  • Hillary Clinton's Remarks on Feb. 12 Primaries - Washington Post

    Hillary Clinton's Remarks on Feb. 12 PrimariesWashington Post, United States - 34 minutes agoAnd we will help people pay for it because I want everybody, everybody, to have quality, affordable health insurance. And I also see an America where we end ...
    2008-02-12 06:59:45