Mortgage and Financial News From 2008-7-28 Page 12
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Java joint comes crashing back to earth (Toronto Star)
Lookahead, which doesn't get out as much as it should, hasn't helped noting the continued robust business that Starbucks does at most of its GTA locations, in contrast with the troubled company's slow sales at hundreds of U.S. outlets.
2008-07-28 01:42:20 -
Sub-prime storm has ended sunshine spell for the banks - Daily Telegraph
How the mighty have fallen. Only a year ago - when the credit crisis was merely America's sub-prime problem - lending arrears and the cost of funding barely rated a mention as the British banks reported their first-half results. As two locked horns ...
2008-07-28 12:10:00 -
ILOG Announces 2008 Fourth Quarter and Fiscal Year End Results - MSN MoneyCentral
PARIS and SUNNYVALE, Calif. , July 28 /PRNewswire-FirstCall/ -- ILOG(R) (Nasdaq: ILOG; Euronext: ILO, ISIN: FR0004042364) today announced the results of its fiscal fourth quarter with revenues of $46.1 million , net income of $0.1 million and fully ...
2008-07-27 11:05:00 -
It’s Bad, but Remember We’re Dodging the Worst - New York Times
ROUGHLY one year ago, I began weighing in on the turmoil in the subprime mortgage market and the resulting tremors in the financial sector — and I did some research. Hmmm. New housing construction was very roughly 3.5 percent of the economy. Hmmm ...
2008-07-27 01:40:00 -
ANZ says profit could fall on bad debts - News.com.au
ANZ Banking Group has flagged a $1.2 billion second half provision and said its annual profit could fall by up to a quarter. At 1515 AEST, ANZ shares had fallen $1.78, or 10.03 per cent, to $15.97 after dropping as low as $15.40. ANZ fell about nine ...
2008-07-27 10:22:00 -
ANZ Bank Says Profit to Fall Most Since 1992 as Bad Debts Rise (Bloomberg.com)
July 28 (Bloomberg) -- Australia & New Zealand Banking Group Ltd. forecast the biggest full-year profit drop since 1992 as bad loans swell, sending the stock to its steepest slump in 21 years.
2008-07-28 12:49:22 -
Regulation alone can't prevent a new market mess (The News Journal)
When are investors like termites? When they are trying to avoid government rules.
2008-07-28 12:55:33 -
ANZ Bank shares fall 10 percent on profit warning (INO News)
(AP:SYDNEY, Australia) Shares in Australia & New Zealand Banking Group Ltd., Australia's fourth-largest bank, plunged more than 10 percent Monday after the bank announced that its annual profit could fall by up to 25 percent due to the global credit crisis.
2008-07-28 01:09:16 -
Reuters Business Summary (Reuters via Yahoo! Singapore News)
Buyout giant KKR says plans to list on NYSE NEW YORK - Kohlberg Kravis Roberts & Co , one of the world's most powerful private equity firms, plans to brave the turbulent equity markets and list on the New York Stock Exchange this year, joining rival Blackstone in bringing the famously secretive industry into public view. KKR, co-founded by "buyout king" Henry Kravis, said on ...
2008-07-28 01:49:35 -
In Volatile Times, Investors Tune in All and Any Predictions (The Sarasota Herald-Tribune)
Amid a financial crisis where the unthinkable has become routine, Wall Street is struggling to get a handle on what will happen next.
2008-07-28 01:49:52 -
Gaming’s bond ratings reflect past, not future (Las Vegas Sun)
A couple of weeks ago, major bond rating agencies downgraded credit issued by the major gaming companies, warning that the gambling business in Las Vegas is in trouble.
2008-07-28 02:01:52 -
European Stocks Decline; U.S. Index Futures Are Little Changed (Bloomberg.com)
July 28 (Bloomberg) -- European stocks fell, led by banks and airlines, as concern deepened credit losses and the economic slowdown will hurt earnings. U.S. index futures were little changed, and most Asian shares advanced.
2008-07-28 02:07:47 -
German Consumer Morale Falls to 5-Year Low: GfK - CNBC
German consumers have become more downbeat than at any time since the recession year of 2003 due to growing concerns about inflation and turmoil on financial markets, the GfK market research group said on Monday. The forward-looking GfK consumer ...
2008-07-28 01:14:00 -
Stocks down on ANZ large credit provision, profit drop - News.com.au
THE Australian stock market has finished the day in the red with the banks tumbling after ANZ Banking Group Ltd forecast its annual earnings to fall by up to a quarter due to the impact of the global credit crisis. At 1615 AEST the benchmark S&P ...
2008-07-27 11:20:00 -
UPDATE 1-Kookmin Bank Q2 profit more than doubles on lending - Reuters
SEOUL, July 28 (Reuters) - Kookmin Bank (060000.KS: Quote , Profile , Research , Stock Buzz ), South Korea's top retail lender, said on Monday quarterly profits more than doubled, rising from a low base last year and beating forecasts as its tax bill ...
2008-07-27 11:41:00