Archive for October, 2009
JP Morgan raised concerns about Galleon in 2001: report (Reuters)
Reuters – JP Morgan Chase & Co raised concerns about Galleon hedge fund founder Raj Rajaratnam and his associates as far back as 2001, the Financial Times reported, citing an internal company document seen by the newspaper.
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U.S. economy stabilized but risks remain: Geithner (Reuters)
CHICAGO (Reuters) –
The U.S. economy's return to growth during the third quarter shows stability has been regained but recovery is fragile and needs nurturing, Treasury Secretary Timothy Geithner said on Thursday.
The government estimated that gross domestic product grew at an annual rate of 3.5 percent from July through September. Still, Geithner said the government must [...]
30Oct2009 | it-y | 0 comments | Continued
Rates on 30-year loans rise to 5.03 percent (AP)
WASHINGTON – Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase.
The average rate inched up from 5 percent a week earlier, mortgage company Freddie Mac said Thursday. The last time the average was higher was the week of September 24, when rates averaged 5.04 percent.
Rates had hovered below [...]
UK mortgage approvals up 6 pct in September (AP)
LONDON – Mortgage approvals in the U.K. rose 6 percent in September as the country’s battered housing market improved, but cautious consumers paid off debt faster than they borrowed, the Bank of England said Thursday.
Total net lending to individuals secured on dwellings rose by 900 million pounds ($1.5 billion) rose by 700 million pounds in [...]
Coke Entrprises higher profit tops expectations (Reuters)
Reuters – Coca-Cola Enterprises Inc reported a bigger-than-expected increase in quarterly profit on Wednesday, helped by higher prices, and raised its full-year outlook.
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