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States Hurt By Slump In Housing  MIAMI - State tax revenues around the country are growing far more slowly this year and in some cases falling below projections, a result of the housing market slowdown that


President's mortgage fix is too much hope, too little help (Denver Post)  How timely that just as President Bush was announcing a deal to help homeowners struggling with their mortgage payments, new figures were released showing that foreclosure starts set a record.read


Fifth Third expanding mortgage arm (BizJournals)  The growth in Beavercreek and Springboro is attracting more than new homeowners as Fifth Third Bank is planning to open two new free-standing mortgage facilities in those areas.read more...


Questions of Cash: Poor service has left me hanging on the telephone  Q: My Onetel phone line went dead on 22 June and despite many phone calls, e-mails and letters, the fault was not repaired until 4 July.read more...


Key sells Champion Mortgage (bizjournals.com via Yahoo! Finance)   KeyCorp has sold its Champion Mortgage Co.'s loan portfolio to a unit of HSBC Finance Corp., and in another transaction will sell Champion's origination platform to a New York


Stocks Mostly Higher After Spending Data  Stocks traded mostly higher Friday amid falling oil prices and news of a slowdown in personal spending that helped soothe investors concerns about higher interest rates.read more...

December 27th, 2006

Shanghai’s largest shopping mall linked to pension fund scandal

SHANGHAI, China: A Shanghai company allegedly used an illicit loan from a city pension fund to invest in one of China’s biggest shopping malls, the state-run newspaper Shanghai Securities News said in a report …
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