Stocks fall with consumer confidence
U.S. stocks slid on Friday as data showing a larger-than-expected drop in consumer confidence hurt retailers on fears that consumers may curb spending.
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Housing decline to drag economy The weakness in the housing market is deepening, with home sales dropping in recent weeks and mortgage applications plunging, in what analysts expect to become a drag on the economy.read
Daughter Wants Car - Dad Develops System AKRON, Ohio - A proposal by the city to build a parking garage within one foot of the federal courthouse in this city's downtown has provoked a strong and uncommonly
Xceed Mortgage cutting 74 jobs as part of cost cutting measures (Canadian Business) TORONTO - Xceed Mortgage Corp. (TSX:XMC) said Thursday it was cutting 74 jobs including several members of is senior executive team as part of a plan to cut costs.read more...
Business: Mortgage fraud rise concerns feds (The Nashua Telegraph) WASHINGTON - The once-booming housing market and rising popularity of nontraditional home loans have produced an unwanted byproduct: a 35 percent increase in suspected mortgage fraud. ... - By MARCY
Mortgage industry reloads as subprime misery lingers (Reuters via Yahoo! News) NEW YORK (Reuters)- Angelo Mozilo, the butcher's son who built Countrywide Financial Corp. into the largest mortgage lender in the United States, was in no mood for soul-searching over
World Stocks Fall After Wall Street Drop European and Asian stocks plummeted Wednesday after Wall Street chalked its second-biggest point decline in four years and rattled already nervous markets worldwide.Commentread more...