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BHP says it is well placed to survive crisis - Boston Globe
SYDNEY, Australia— Mining giant BHP Billiton Ltd. said Thursday it was better placed than its rivals to survive the global financial crisis, but warned it was not immune to its effects, including an expected 17 percent downturn in Chinese steel ...

UPDATE 3-BHP dumps $66 bln Rio bid as debt fears grow - Reuters
SYDNEY, Nov 25 (Reuters) - Top global miner BHP Billiton (BHP.AX: Quote , Profile , Research , Stock Buzz ) dropped a $66 billion hostile offer for rival Rio Tinto (RIO.AX: Quote , Profile , Research , Stock Buzz ) on Tuesday, the latest casualty of ...

BHP dumps Rio mining mega-bid as downturn bites - Reuters
SYDNEY/LONDON (Reuters) - Global miner BHP Billiton abandoned its hostile takeover bid for rival Rio Tinto, blaming sliding metals prices and the threat of global recession for scuppering the mega-merger. BHP announced the bid last November as mining ...

BHP Drops Rio Tinto Bid Citing Worsening Markets - CNBC
Global miner BHP Billiton abandoned its hostile takeover bid for rival Rio Tinto , blaming sliding metals prices and the threat of global recession for scuppering the mega-merger. BHP announced the bid last November as mining boomed worldwide on ...

BHP dumps Rio mining mega-bid - International Herald Tribune
Global miner BHP Billiton abandoned its hostile takeover bid for rival Rio Tinto , blaming sliding metals prices and the threat of global recession for scuppering the mega-merger. BHP announced the bid last November as mining boomed worldwide on ...

BHP dumps $66 billion Rio bid as debt fears grow - MSN MoneyCentral
SYDNEY (Reuters) - Top global miner BHP Billiton dropped a $66 billion hostile offer for rival Rio Tinto on Tuesday, the latest casualty of a global crisis that has frozen credit markets and hit demand for raw materials. BHP shares jumped more than a ...

BHP Drops $66 Billion Rio Tinto Bid as Debt Fears Grow - HispanicBusiness.com
Ford Has Edge Over Rivals if Gov't Refuses Bailout Loans Obama Repeats Tax-Cut Pledge Job Cuts Mounting Worldwide Obama Names Geithner, Summers to Treasury, Economic Top Spot Treasury-bound Geithner Already Well-Versed in Financial Crisis Sales Chief ...

BHP dumps Rio bid as debt fears grow  - Business Day South Africa
Australian regulator clears BHP deal BHP may rethink Rio takeover offer Rio Tinto rejects BHP Billiton’s $147bn offer BHP Billiton to follow procedure SYDNEY - Top global miner BHP Billiton dropped a $66bn hostile offer for rival Rio Tinto today ...

Full coverage: BHP dumps Rio mining mega-bid - ninemsn
Global miner BHP Billiton on Tuesday abandoned its hostile takeover bid for rival Rio Tinto , blaming sliding metals prices and the threat of global recession for scuppering the mega-merger. BHP announced the bid last November as ...

BHP pulls $66-billion bid for Rio Tinto - Globe and Mail
SYDNEY — — Top global miner BHP Billiton dropped a $66-billion (U.S.) hostile offer for rival Rio Tinto on Tuesday, the latest casualty of a global crisis that has frozen credit markets and hit demand for raw materials. BHP shares jumped more ...

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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.

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