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NRG rejects $6.08 bln Exelon bid - CNBC
NEW YORK (Reuters) - Power producer NRG Energy Inc on Sunday rejected an unsolicited $6.08 billion takeover offer from utility owner Exelon Corp , saying the offer "significantly undervalues" the company. NRG also said that despite its ...

UPDATE 3-NRG rejects $6.08 bln Exelon bid - Reuters
NEW YORK, Nov 9 (Reuters) - Power producer NRG Energy Inc (NRG.N: Quote , Profile , Research , Stock Buzz ) on Sunday rejected an unsolicited $6.08 billion takeover offer from utility owner Exelon Corp (EXC.N: Quote , Profile , Research , Stock Buzz ...

NRG rejects Exelon merger bid as ‘risky’ - Financial Times
NRG Energy, the US power producer, on Sunday rejected as “risky” and “opportunistic” an unsolicited $6.2bn merger bid by Exelon to ­create the US’s largest power producer. After three weeks of considering the October 19 bid, David Crane ...

Explaining a Volatile Week in Stocks - US News and World Report
So far, it looks like we're holding above 9,000 on the Dow today, although I'll be the first to admit it doesn't mean much before the closing bell given the huge swings we've been seeing this week, especially late in the day. Witness Wednesday: Even ...

Buying or refinancing a house in the pricey Bay Area? - San Francisco Gate
Boo! Revelers celebrate the spookiest of holidays 11.01.08 Method for AP-Yahoo poll 11.01.08 Stocks rise to add to week's large gains 11.01.08 800 Longs employees to be let go in East Bay 11.01.08 Besides its core purpose of providing tax refunds ...

Money market funds warm to commercial paper again - Reuters
NEW YORK, Nov 5 (Reuters) - Money market mutual funds, which during the worst days of the credit meltdown had largely suspended purchases of the commercial paper on which many U.S. companies rely for their short-term funding needs, are cautiously ...

U.S. Commercial Paper Soars Most on Record as Fed Becomes Buyer - Bloomberg
Oct. 30 (Bloomberg) -- Corporate borrowing in the U.S. commercial paper market soared the most on record after the Federal Reserve began buying the debt directly from issuers as part of its effort to lure back money-market investors. U.S. commercial ...

Exelon Will Take Bid To NRG Shareholders - Wall Street Journal
Exelon Corp. Tuesday said it will take its $6.2 billion offer for NRG Energy Inc. directly to shareholders of the power generator, while suing NRG and its directors, alleging they failed to give full consideration to the bid. The moves by the Chicago ...

NRG Energy rejects Exelon takeover bid - International Herald Tribune
NEW YORK : The creation of what would be the largest power company in the United States is on hold - at least for now. NRG Energy, a power generator based in Princeton, New Jersey, said Sunday that it had rejected an unsolicited takeover bid by ...

Hilton couple's mortgages consume 70 per cent of pay - News.com.au
MORE than one million Australians are forecast to fall into mortgage stress by March next year - the worst rate ever - as rising unemployment, tumbling house prices and ballooning credit debt take their toll. Even after factoring in a further 1per ...

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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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