Mortgage and Financial News From 2008-1-30 Page 50

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  • Wachovia CEO: No Acquisitions in '08 (AP via Yahoo! Finance)

    Wachovia Corp. chief executive Ken Thompson said Wednesday he isn't interested in growing Wachovia through a major acquisition in 2008.
    2008-01-30 11:57:37
  • Margin call crisis sparks stock rout (Daily Telegraph)

    AN unpredecented regulatory crackdown on stockbroker Tricom - one of the nation's biggest margin lenders - has stripped investor confidence in the share market and sent stocks into another steep descent.
    2008-01-30 12:05:00
  • WaMu Finds a Believer (TheStreet.com)

    Howard Shapiro of Fox-Pitt Kelton is the only one of 19 analysts covering the bank to rate it a buy.
    2008-01-30 12:06:07
  • Bank of Montreal, Canadian Imperial, Cut Bonuses on Writedowns (Bloomberg.com)

    Jan. 30 (Bloomberg) -- Bank of Montreal and Canadian Imperial Bank of Commerce scrapped bonuses for some of their top executives in 2007 after the two lenders recorded trading losses and debt writedowns.
    2008-01-30 12:07:18
  • US Federal Reserve Announces Interest Rates Cut (FOX 29 Lake Charles)

    The US Federal Reserve has announced a half-point cut in a key interest rate as it tries to stave off a recession.
    2008-01-30 12:09:06
  • Putting it in Reverse (GoldSeek.com)

    *** No thanks for the good advice…increased spending of fictional wealth…and more!
    2008-01-30 12:27:09
  • Relief for Beaten-Down Investments (Kiplinger.com)

    The Federal Reserve's surprise rate cut breathed life back into REITS and business development companies. Regional banks should benefit, too.
    2008-01-30 12:33:00
  • Fed Cuts a Key Rate

    Forbes - The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. The Fed action pushed the funds rate to 3 percent. It ...
    2008-01-30 11:55:00
  • Dollar Falls Against Euro Before Fed's Interest Rate Decision

    Bloomberg - Jan. 30 (Bloomberg) -- The dollar fell against the euro amid speculation the Federal Reserve will reduce interest rates by a half-percentage point today to prevent the U.S. from falling into recession. A government report showed the economy weakened ...
    2008-01-30 10:43:00
  • Shares of major railroads, truckers and freight forwarders rise after ...

    CNBC - NEW YORK - Shares of major railroads, trucking companies and freight forwarders mostly rose Wednesday after the Federal Reserve cut a key interest rate, in the hopes of avoiding a recession some analysts suggest is imminent. The federal funds rate ...
    2008-01-30 11:33:00
  • Shares of national banks rise after the Federal Reserve cut a key ...

    CNBC - NEW YORK - Shares of national banks rose Wednesday afternoon after the Federal Reserve Board cut a key interest rate to 3 percent from 3.5 percent. Wednesday's cut comes on the heels of a three-quarters of a percentage point reduction last week by ...
    2008-01-30 11:40:00
  • Bond insurers mixed in Wednesday trading after Federal Reserve cuts a ...

    CNBC - NEW YORK - Shares of bond insurers remained mostly down after the Federal Reserve Board cut a key interest rate to 3 percent from 3.5 percent Wednesday afternoon. Wednesday's cut comes on the heels of a three-quarters of a percentage point reduction ...
    2008-01-30 11:47:00
  • Gold futures spike following Fed decision to slash key interest rate

    International Herald Tribune - NEW YORK : Gold jumped in aftermarket trading Wednesday after the Federal Reserve slashed its key interest rate — an inflationary move that boosted the metal's appeal as a stable investment. The Fed cut its benchmark federal funds rate by a widely ...
    2008-01-30 11:40:00
  • Shares of automakers and suppliers rise after Fed announces interest ...

    CNBC - NEW YORK - Shares of many U.S. automakers and their suppliers got a boost Wednesday, along with the broader market, after the Federal Reserve cut its federal funds rate by a half point to 3 percent. The jump followed what had been a quiet day of ...
    2008-01-30 11:40:00
  • Major media companies rise after Federal Reserve lowers key interest ...

    CNBC - NEW YORK - Shares of most major media companies rose on Wednesday afternoon, after the Federal Reserve lowered a key interest rate and indicated that further rate cuts are possible. The Fed reduced the federal funds rate by half a percentage point to ...
    2008-01-30 11:40:00