Rally in U.S. Stocks Fades as Jobs Report Renews Rate Concern; Banks Drop
A rally in U.S. stocks sparked by a stronger-than-expected jobs report faded on concern the Federal Reserve will step up its pace of interest-rate increases.
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Mortgage bill altered but still opposed (The Oregonian) Facing fierce industry opposition, backers of an ambitious mortgage reform bill on Thursday unveiled a rewritten and slightly watered-down version of the proposed legislation.read more...
Home Depot Wants To 'Romance' Women The retailer has unveiled plans for stores that have a focus on bath and kitchen products and design showrooms. The new locations will use softer lighting and easier-to-reach shelves.
Mugabe says he will step down in three years Robert Mugabe has indicated for the first time that he will retire as president in 2008, when his current term expires.read more...
Toronto condo boom attracts Trump TORONTO - Donald Trump, building his first residential condominium in Toronto, is offering 24-hour access to chauffeured Mercedes-Benz S-Class sedans and a chef for parties as incentives to attract buyers.read
Mortgage fraud costs lenders in region (The Philadelphia Inquirer) Mortgage fraud has cost Charlotte-area lenders $64 million in recent years, U.S. Attorney Gretchen Shappert said Thursday.read more...
BoE bails out key mortgage lender (CNN.com) The Bank of England has taken the unusual move of bailing out a key mortgage lender, as the global credit crunch threatened to claim its latest victim, sending European markets