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UK plumbing supplies firm Wolseley cuts 2,000 jobs - WTOP Radio
LONDON (AP) - Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs ...

British plumbing supplies firm Wolseley to cut 2,000 jobs, close 200 ... - Hartford Courant
LONDON (AP) _ Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

NIALL FERGUSON ON OBAMA AND THE GLOBAL CRISIS - Der Spiegel
In a SPIEGEL interview, British historian Niall Ferguson discusses Barack Obama's historical election, Europe's hopes for the new president, the consequences of the economic crisis and his idea of "Chimerica" -- the economic alliance between Beijing ...

Foreclosures Open Door To Disorder - Washington Post
Above, Sgt. Tony Sindlinger, left, and Deputy John Zampino of the Prince William sheriff's office secure a foreclosed house for an asset management company. Bicycles, furniture and dog food were among the things that the former occupants had left in ...

Asciano goes on the road looking for capital funds - The Australian
It hope to convince pension funds to buy up to 50 per cent of its coal haulage business, Pacific National, for between $800 million and $1 billion. The company will then move on to Hong Kong and Singapore to present its wares to funds, including the ...

U.S. Treasury Said to Invest in Nine Major U.S. Banks (Update3) - Bloomberg
Oct. 13 (Bloomberg) -- The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government's latest attempt to shore up confidence in the financial system ...

More Worry About Making Mortgage Payments: Poll - CNBC
Here are some of the more notorious prostitution scandals that have made their way into the headlines over the years. One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is ...

IMF (IMF) 78c - The Australian
IF there's a quintessential stock for the times it's this litigation funding mob, which is cashed up and eyeing off a smorgasbord of shareholder class actions as more corporate dominoes tumble. As executive chair Rob Ferguson told shareholders at ...

The Boom Was a Bust for Ordinary People - Common Dreams
I t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...

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Today's Mortgage Terms starting with P

  • Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
  • Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
  • Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
  • Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
  • Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
  • Principal: It is the amount of money borrowed or owed, excluding interest.

    View all Terms
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