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Adolf Merckle May Get Less Than $3.9 Billion for Ratiopharm - Bloomberg
Nov. 26 (Bloomberg) -- German billionaire Adolf Merckle may get less than 3 billion euros ($3.9 billion) for drugmaker Ratiopharm GmbH as he seeks funds to pay off debt, two people familiar with the situation said. Merckle, 74, who aims to start the ...

Merckle May Get Less Than $3.9 Billion for Ratiopharm (Update1) - Bloomberg
Nov. 26 (Bloomberg) -- German billionaire Adolf Merckle may get less than 3 billion euros ($3.9 billion) for drugmaker Ratiopharm GmbH as he seeks funds to pay off debt, two people familiar with the situation said. Merckle, 74, who aims to start the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Before the Health Blog signs off for the day, we thought we’d consult with the American health establishment on a pressing question: What to ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Caterpillar, Dillard's, Merck, Schlumberger: U.S. Equity Movers - Bloomberg
Oct. 17 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 11:40 a.m. in New York. A gauge of health-care stocks gained the most in the Standard ...

Intuitive Surgical, Melco, Pozen, Wyeth: U.S. Equity Movers - Bloomberg
Oct. 17 (Bloomberg) -- The following companies are having unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 1:15 p.m. in New York. Health-care stocks advanced after UBS AG said some large U.S ...

Conflict of Interest: Burson-Marsteller and Hillary Clinton's Alliance - FOX News
Mark Penn, Hillary Clinton’s chief strategist and the Worldwide CEO of international public relations/ lobbying firm Burson-Marsteller, wrote those telling words in his confidential internal corporate blog . Given the breadth of his company’s ...

Petrol companies told to cut prices at pumps - Times Online
Petrol and energy suppliers came under fire from ministers yesterday in an attempt to shame them into cutting pump prices and household bills. Emboldened by international praise for tackling the banking crisis, Gordon Brown accused petrol retailers ...

Lord Mandelson and Oleg Deripaska, the billionaire at bay - Times Online
For a few days each winter, political leaders, the super-rich and a scattering of conscientious rock stars congregate in the Swiss resort of Davos for a summit. Last January among their ranks was Oleg Deripaska, the Russian tycoon. Although the ...

Darling summons bank chiefs over rate cut failure - Times Online
Alistair Darling summoned the chief executives of Britain’s biggest banks to Downing Street today to demand that they immediately pass on the Bank of England’s interest rate cut to their customers. Treasury sources confirmed to The Times that the ...

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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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