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Credit crunch, economy squeeze U.S. phone companies - San Diego Union-TribuneNEW YORK – U.S. phone companies, once regarded as resilient to economic crises, are feeling the pinch of this downturn as frozen credit markets stall the mergers and investments they need to grow and compete against cable services. Phone companies ...
Pharma, big biotech may avoid credit ills, report says - San Diego Union-TribuneNEW YORK – The credit crunch could prove to be a boon for large pharmaceutical and biotechnology companies based on their limited exposure to the debt markets, according to two reports from analysts. Drug makers have stayed out of the “cheap debt ...
Work Outs Good for Banks, Too - Voiceof San DiegoThe settlement struck to end 11 states' lawsuits against Countrywide Financial Corp. adds another model for lenders to look at when trying to deal with their portfolios of troubled mortgage debts. That was what Paul Leonard, director of the Center ...
A rising tide of ‘underwater’ homeowners - MSNBCThe relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults — the very misfortune that touched off the credit crisis last year. The ...
Nearly 1 in 6 home owners 'under water' - Chicago Sun-TimesThe relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults — the very misfortune that touched off the credit crisis last year. The ...
A home page for bidding on foreclosures - Los Angeles TimesInternet sales of distressed homes offer a convenient way to buy, but also a host of unknowns: Faraway investors won't know what they're buying into. Some firms see a place for an online market in distressed properties. Drawn by the convenience ...
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Viewer Stories: Retirement Prospects Dim - WSB-TV AtlantaI would have had my house paid off by retirement and I am 59. I had to refinance another 30 years so my payment would be low enough so I could eat and go to work. Diane from Orlando, Fla. I lost my home a few years ago after divorce. Living paycheck ...
New foreclosure laws changing landscape for service members - Navy CompassIn these difficult financial times, the uncertainty of the housing markets may be the most trying on military families. Both Congress and the State legislature are taking actions to relieve the impact of foreclosure on families across the state and ...
Contra Costa sues major Wall Street institutions over alleged bid ... - Inside Bay AreaContra Costa sued nearly every major Wall Street financial institution Wednesday, arguing they conspired to fix bidding on its municipal bond investments, costing the county perhaps millions of dollars in higher interest payments, fees and credit ...