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Financial News
BAE split could do the trick in US - Times Online
THERE’s nothing as defensive as defence. This is particularly true in America, where the giants of the industry float serenely above the stock-market turmoil. Lockheed Martin shares have outperformed the S&P Composite Index, a measure of the wider ...

HSBC, RBS in Financing Double Whammy as Rates Rise (Update1) - Bloomberg
Oct. 8 (Bloomberg) -- HSBC Holdings Plc , Royal Bank of Scotland Group Plc and the biggest U.K. banks face the most debt coming due in at least 10 years as the credit market seizure raises borrowing costs to the highest on record. The six largest ...

Credit crunch, economy squeeze U.S. phone companies - San Diego Union-Tribune
NEW YORK – U.S. phone companies, once regarded as resilient to economic crises, are feeling the pinch of this downturn as frozen credit markets stall the mergers and investments they need to grow and compete against cable services. Phone companies ...

What next? The economy stares into the abyss - The Independent
*Stock exchange suspended in Russia It has been a destruction of wealth unprecedented in human history: Some $25 trillion – $25 million million – wiped from the value of the world's stock markets so far this year, and $4.6trn (£2.7trn) of that ...

2nd UPDATE: UK Government Unveils Plans To Support Banking Industry - CNN Money
LONDON -(Dow Jones)- The U.K. government Wednesday said it will invest in a number of U.K. banks in an effort to recapitalize the industry, end concerns about the viability of individual institutions and encourage the banks to resume lending to ...

Site Presented By - Salon
Two passages stand out in the statement released late Friday afternoon by Treasury Secretary Henry Paulson, after the conclusion of a meeting between “G-7 Finance Ministers and Central Bank Governors.” We are developing strategies to use the ...

SAVING FOR RETIREMENT?: Just hang on - Newsday
What should I do now? It's a natural question for retirement investors watching the unfolding Wall Street financial crisis and worrying about their portfolios. For most investors, the best answer is: Do nothing. The collapse of venerable companies ...

Where the Credit Freeze Has Thawed - MSN MoneyCentral
The global half-percent interest rate cut coordinated by central banks from the U.S. to China on Oct. 8 sparked yet another glimmer of hope for a thaw in the frozen credit markets, but the unprecedented action also underlined just how grave -- and ...

Small business owners struggle to find credit - New Mexico Business Weekly
Erin Adams has been well aware of the credit crunch for some time. The mosaic artist runs a production studio with about 22 employees and she’s looking to expand. She has tried to refinance her house and get a line of credit, without success. Many ...

Homeowner help: HUD-certified advisers, more refinancing available - Modesto Bee
Not everyone who offers to help homeowners avoid foreclosure is legitimate. Con artists try to profit off people's pain by offering financing or foreclosure rescue deals that end up hurting homeowners. The Office of the Comptroller of the Currency ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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