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Share sell-off as analyst attack savages Asciano - The Australian
This followed the port and railways infrastructure group's share price crashing to levels that left the company effectively "worthless" according to one analyst. In a letter to shareholders released to the Australian Securities Exchange after markets ...

Asciano shares climb out of deep hole - West Online
Asciano Group securities have regained some of yesterday’s losses after the transport group reassured investors it was not contemplating a large capital raising to refinance debt. Investors stripped about $720 million from the company’s market ...

Logistics giant Asciano shares slump on debt concerns - News.com.au
LOGISTICS giant Asciano appeared to be in deep trouble last night after its market worth more than halved yesterday to $482 million. The debt-laden ports and rail operator has become a mere shadow of the business it was when it was spun out of the ...

Rupert Murdoch, Lord Mandelson and Lord Byron: what's their game? - Guardian Unlimited
We anti-conspiracy theorists have been mocked this week for suggesting there may be less than meets to eye to the yachtgate row, enjoyable though it has been for fans of Peter Mandelson, George Osborne and Oleg Deripaska (Russia's now-famous Mr ...

Asciano (AIO) $0.83c - The Australian
The revival came after the company's reassurances on gearing and a new broker report valuing the stock at between 98 cents and $3.08. Asciano last night said it was under no pressure to refinance its debt load of $4.9 billion, with the company ...

Stock & fund quotes - ninemsn
Asciano Group securities regained ground on Wednesday after the transport group reassured investors about its financial position and provided guidance on distributions this year. Investors stripped $720 million from its market capitalisation on ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

OC toll roads: Why not have a sale? - Los Angeles Times Blogs
I wanted to circle back to a story that ran in The Times over the weekend: The toll road agency in Orange County is seeking a $1.1-billion loan from the federal government because of the drop in the number of motorists who are willing to pay to use ...

Commercial real estate looks bleak for 2009 - Naples Daily News
Next year could be one of the toughest the industry has faced since the early 1990s, when it saw a depression. “Forget the quick fix here: 2009 is going to be a downer,” said Chuck DiRocco, managing director of industry trends and analysis at the ...

U.S. may be part-owner of banks - Omaha World-Herald
WASHINGTON - Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many U.S. banks to try to restore confidence in the financial system, according to government officials ...

Today's Mortgage Terms starting with N

Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.

Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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