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Heads up: France rebuffs Buffett - Kansas City Star
France’s state-controlled power company Wednesday challenged a proposed takeover by Warren Buffett of U.S. wholesale power generator Constellation Energy . Electricite de France SA , Constellation’s biggest shareholder, offered $4.5 billion for ...

EDF Offers to Buy Constellation Assets, Challenges Buffett - Bloomberg
Dec. 3 (Bloomberg) -- Electricite de France SA, the world’s biggest operator of atomic reactors, offered to pay $4.5 billion for half of Constellation Energy Group Inc. ’s nuclear business to expand in the U.S. and thwart a rival bid from ...

Lower Mortgage Rates Are Not the Answer - Wall Street Journal
On Tuesday, the government announced an $800 billion plan to stimulate the economy by buying $600 billion worth of mortgage-backed assets and $200 billion in consumer-debt securities. The intent is to make it easier for consumers to buy cars, pay for ...

EDF Defies Buffett With Constellation Nuclear Offer (Update1) - Bloomberg
Dec. 3 (Bloomberg) -- Electricite de France SA, the world’s biggest operator of atomic reactors, offered to pay $4.5 billion for half of Constellation Energy Group Inc. ’s nuclear business to expand in the U.S. and thwart a rival bid from ...

More grim data push Wall Street lower - Financial Times
Fresh signs that the year-long recession was deepening combined with glum corporate developments across a wide range of sectors on Wednesday to push Wall Street stocks lower. Service industries contracted in November at the fastest pace on record ...

More Business - San Francisco Gate
"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...

Bad economy offers cheap stocks, cars - Brownsville Herald
McALLEN - The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but that also means prices are falling and it could be a buyer's market for some big-ticket items. And it goes beyond gas prices dropping below ...

Ailing economy opens doors for stock market novices, car buyers - McAllen Monitor
The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but the sluggish economy also offers savings opportunities for saavy consumers. And it goes beyond gas prices dropping below $2 a gallon for the first time ...

Hamish McRae: If the recession won't be that bad, why will we go so ... - The Independent
So what will happen to the economy during the next couple of years? If the recession is shallow and short, then we might just about scramble through. But if not, then we will be in a huge mess, having to tighten policy while we're still in recession ...

My Overview of a Special Year 2008 - Safe Haven
What a year. It has been 11 months since I put out "My Ten Predictions for 2008". In general, I think my predictions have luckily turned out to be about right, but I underestimated the severity of both the up and down movement. Former Goldman ...

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Today's Mortgage Terms starting with R

  • Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.

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