Mortgage and Financial News From 2008-1-9 Page 16

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  • Cramer's 'Mad Money' Recap: The Next Oil Gusher - TheStreet.com

    Cramer's 'Mad Money' Recap: The Next Oil GusherTheStreet.com - 1 hour agoCramer welcomed Eric Dinallo, the State of New York insurance superintendent, to the show to discuss recent concerns and allegations involving MBIA (MBI ...
    2008-01-09 05:00:19

  • MBIA cuts dividend, raises funds to stay triple-A - Reuters

    MBIA cuts dividend, raises funds to stay triple-AReuters - 1 hour agoN: Quote, Profile, Research) said on Wednesday it has begun offering its own bond insurance. MBIA said it is cutting its quarterly dividend to 13 cents per ...
    2008-01-09 05:01:45

  • Market Rebounds, Ends Losses - CNNMoney.com

    Market Rebounds, Ends LossesCNNMoney.com - 1 hour ago6 Berkshire Hathaway's (NYSE:BRK A) brka insurance chief told CNBC that it's in talks with ailing firms like MBIA MBI and Ambac abk about an alliance or ...
    2008-01-09 05:12:23

  • Merrill Lynch delays Manhattan building project - Independent

    Merrill Lynch delays Manhattan building projectIndependent, UK - 1 hour agoMerrill Lynch admitted it lost $7.9bn (£4bn) on ropey sub-prime mortgage investments in just three months last year, and ousted its chief executive Stan ...
    2008-01-09 05:18:00

  • Marks & Spencer gloom hits the high street for £5billion - This is London

    Marks & Spencer gloom hits the high street for £5billionThis is London, UK - 1 hour agoA survey from mortgage provider Nationwide yesterday showed that consumer confidence fell for the third straight month in December, reaching its lowest for ...
    2008-01-09 05:39:54

  • Ladera Ranch Realty closing its doors - OCRegister

    Ladera Ranch Realty closing its doorsOCRegister, CA - 58 minutes ago15, Front Street Realty & Mortgage will become the lone real estate company based in Ladera Ranch. Ron Luna, its owner/broker, said he was not surprised ...
    2008-01-09 05:57:54

  • Diamond Bank Listed on London Stock Exchange - This Day (subscription)

    Diamond Bank Listed on London Stock ExchangeThis Day (subscription), Nigeria - 27 minutes agoThe recent investments in promising financial services sub-sectors, ie insurance, mortgage and pension funds, will improve the growth, earning mix and ...
    2008-01-09 06:29:13

  • IBD's Top 10 - Wednesday (Investor's Business Daily via Yahoo! News)

    1 Stocks were selling off hard again before reversing higher late in the session. The Nasdaq avoided a 9th straight decline -- last seen in '84 -- with a 1.4% gain. The S&P 500 also rose 1.4%. The Dow, which just undercut its Aug. low intraday, finished up 1.2%. Hints by Warren Buffett's Berkshire (NYSE:BRK-A - News) that it might buy a bond insurer may have helped spark the rally.
    2008-01-09 03:49:31

  • Marks & Spencer gloom hits the high street for £5billion (Daily Mail)

    Some £5billion was wiped off the share value of high street stores as a fall in pre-Christmas sales at Marks & Spencer sent jitters through the market. The group reported a 2.2 per cent fall in the final quarter of the year
    2008-01-09 05:02:54

  • Cramer's 'Mad Money' Recap: The Next Oil Gusher (TheStreet.com)

    FMC Technologies makes equipment essential for offshore oil drilling, Cramer says.
    2008-01-09 05:15:51

  • Merrill Lynch delays Manhattan building project (Independent)

    The credit market crisis is forcing Wall Street firms to rip up even some of their best-laid plans, the latest example being Merrill Lynch's decision to postpone the building of a hi-tech skyscraper in midtown Manhattan.
    2008-01-09 05:27:09

  • Marks & Spencer gloom hits the high street for £5billion (Evening Standard)

    Some £5billion was wiped off the share value of high street stores yesterday as a fall in pre-Christmas sales at Marks & Spencer sent jitters through the market.
    2008-01-09 05:36:05

  • Gov. has not placed N.J. on path to stability (Examiner)

    Greg Bean's column that appeared on Dec. 26 was right on the mark ("Day of Reckoning Is on the Horizon for Budget"). I would like to add that Gov. Jon Corzine and the lame duck Legislature don't apparently get the message, "the money well has run dry, something realistic must be done.
    2008-01-09 06:04:19

  • MBIA Takes Steps to Keep Triple-A Rating (New York Times)

    MBIA said it would sell $1 billion of debt to preserve capital and the triple-A ratings it needs to operate in a mortgage market under siege.
    2008-01-09 06:33:38

  • MBIA Slashes Dividend to Preserve Ratings (NYTimes.com via Yahoo! Finance)

    The world’s largest bond insurer slashed its common stock dividend 62 percent as part of a plan to strengthen capital and preserve its “triple-A” credit ratings.
    2008-01-09 06:40:12

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