Archive for September, 2009
Stock futures rise as Q3 nears end (Reuters)
NEW YORK (Reuters) –
Stock futures pointed to a higher open on Wednesday, the final day of the quarter, with investors awaiting data on employment and gross domestic product (GDP).
The ADP National Employment Report is set for release at 8:15 a.m. EDT. Economists forecast private employers cut 210,000 in September, an improvement from 298,000 shed in [...]
30Sep2009 | it-y | 0 comments | Continued
IMF warns on rising bank losses (Reuters)
ISTANBUL (Reuters) –
The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face of stubbornly high unemployment and associated delinquencies.
In April the IMF estimated in its Global Financial Stability Report that global bank losses [...]
30Sep2009 | it-y | 0 comments | Continued
Mortgage demand falls despite lower rates (Reuters)
NEW YORK (Reuters) –
U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said on Wednesday, in another sign that housing will likely recover slowly from its three-year plunge.
Home loan applications fell a seasonally adjusted 2.8 percent in the September 25 week, driven down by a 6.2 [...]
30Sep2009 | it-y | 0 comments | Continued
Toyota plans huge U.S. recall for dangerous floormats (Reuters)
DETROIT/WASHINGTON (Reuters) –
Toyota Motor Corp said it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.
The recall includes the hot-selling Prius hybrid and would be the largest ever for Toyota, [...]
30Sep2009 | it-y | 0 comments | Continued