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Boart Longyear (BLY) 24 cents - The AustralianHaving reported little impact on demand at August half-year results time, the global driller this morning admitted demand was tapering and outlined (in a roundabout way) an earnings warning. According to management, drilling services demand remains ...
Boart Longyear (BLY) 22c - The AustralianLONG after the financial world imploded, the mining services story -- the one about the Chinese laundries making the real money in the gold rush -- was still compelling. The modern version goes that the drillers, explosives makers, mine accommodation ...
The Buzz: Dispelling retail myths - Post-CrescentMost people by now have gotten multiple copies of the e-mail circulating on the Internet about massive store closures. It's true some retailers are closing or cutting underperforming stores in this weak economy. The e-mail, however, contains some ...
$8.5 Trillion and Counting - Reason.comThe L.A. Times on Sunday updated the numbers on 2008's historic (and historically awful) round of bailouts, and came out with a shiny new figure: $8.5 trillion . It's a useful piece of journalism, so I almost hate to complain, but the lead-paragraph ...
Who were the original $1-a-year men? - Globe and MailAs the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. Ford's CEO says he will work for $1 a year if ...
City Council votes to refinance Del Mar Shores School mortgage - San Diego Union-TribuneDEL MAR – To save money on interest and buy more time for a fundraising drive, Del Mar city leaders have decided to refinance the mortgage on a surplus school site that will become the city's newest public park. Del Mar Shores School closed in 1970 ...
Sukuk market’s recovery not likely until H2 next year; volumes to ... - Gulf TimesKUALA LUMPUR: Demand for Islamic bonds, or sukuk, may not recover until the second half of 2009 at the earliest, as the global credit crunch crimps appetite for such financing, the head of the world’s largest sukuk arranger has said. Badlisyah ...
Full text: Letter to Lord Stevenson - BBC UK News1. Following your conversation with Peter Burt we (George Mathewson and Peter Burt), are writing to outline our thoughts in relation to the proposed takeover of HBOS PLC by Lloyds TSB Group PLC. We are sure that you recognise the need for the HBOS ...
Michael Lewis strikes again: explaining the crash - Sacramento BeeMichael Lewis, who first chronicled Wall Street abuses in "Liar's Poker" (and later wrote "Money Ball" among other books), has written a masterful explanation of the end of the boom for Portfolio Magazine. The piece profiles Steve Eisman, a trader ...
The danger of market timing - Boston GlobeA lot of people got burned toward the end of the late, great real estate bubble. They stretched to buy homes they couldn’t afford, convinced they could cash in at will in a rising market. That worked out real well. Yet while the real estate market ...
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