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U.S.-Backed Mortgage Program Fuels Risks
Mortgages that allow consumers to put little if any money down when buying a home have largely disappeared as a financing option available from private lenders. But they are still available — and growing more popular – through a government-backed program.
Stock Futures Fall as Investors Eye Surging Oil, Fed Meeting
U.S. stock futures fell Tuesday, as investors fretted over the impact that skyrocketing oil prices will have on corporate earnings and as a Federal Reserve interest-rate decision loomed.
GM Slates Sweeping Rebates As Toyota Closes In on No. 1
On the verge of ceding its crown as America’s best-selling car company, General Motors Corp. (NYSE:GM) announced further production cuts as well as sweeping new incentives on many 2008 models — a reversal of recent strategy and a fresh sign of how badly rising gasoline prices are slamming auto makers.
Housing Index Show Deeper Slump
The SP/Case-Shiller home-price indexes, a closely watched gauge of U.S. home prices, show price declines continued to get steeper in April, with prices in every region surveyed now showing year-over-year drops.
SEC Aims to Rein In The Role of Ratings
The Securities and Exchange Commission plans to propose rules that may diminish the longstanding importance of credit ratings across various markets, including the $3.4 trillion money-market industry, in the latest blow to the rating business stemming from the credit crunch.
Nokia to Buy Phone-Software Firm
Finland’s Nokia Corp. (NYSE:NOK) is acquiring the rest of United Kingdom-based Symbian Ltd., a provider of software for advanced phones, in a move that will likely increase competition for Apple Inc.
Dow Chemical to Raise Prices 25% as Energy Costs Gain
June 24 (Bloomberg) — Dow Chemical Co., the largest U.S. chemical maker, said surging costs for energy and raw materials to make Styrofoam, pesticides and plastics are forcing the company to raise prices by as much as 25 percent in July.
Financial Firms May Make Deeper Cuts, Eliminate 175,000 Jobs
June 24 (Bloomberg) — The world’s biggest financial firms may lose as many as 175,000 jobs by this time next year as Citigroup Inc. (NYSE:C) and other banks shed workers amid slowing revenue and billions in writedowns, executive recruiters say.
Bernanke Plays `Dangerous Game’ Balancing Rate Talk With Action
June 24 (Bloomberg) — Federal Reserve ChairmanBen S. Bernanke, by voicing concern about inflation and the slumping dollar, has fanned investorexpectations for an interest-rate increase as soon as August. He may regret it.
UBS, Merrill Private Banking Growth Slows on Subprime (Update1)
June 24 (Bloomberg) — UBS AG, (NYSE:UBS) the biggest money manager for the wealthy, and Merrill Lynch & Co., (NYSE:MER) the third-largest, had slower growth in assets under management last year after losses tied to the U.S. subprime crisis, Scorpio Partnership said.
Intel’s WiMax Window Is Closing
SAN FRANCISCO — Intel (NASDAQ:INTC) is among several firms that have placed big bets on WiMax, a nascent wireless technology for high-speed Web access.
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{ 2 comments… read them below or add one }
I think its gotta be that many companies just stand out. A lot comes from having a company name that is original. I think every company should have copyright software to prevent repetition…Glyphius is what I recommend.
I’ve heard of Glyphius. It’s a copywriting software right?
What’s your personal experience using it?
Thanks!