Citigroup posts $2.5B loss, but beats expectations
Citigroup posted another loss and laid off more employees in the second quarter as it struggled with surging loan defaults, but the shortfall was smaller than Wall Street anticipated.
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Finnish May building costs up 4.3 pct yr/yr According to a statement released by Statistics Finland Friday, construction costs in May rose by 4.3 per cent year-on-year, clearly exceeding the inflation rate.via
Mortgage requests drop since the start of hostilities (Haaretz Daily) Since the eruption of hostilities two weeks ago, new requests for mortgages are down by tens of percentage points throughout the country compared to the parallel two weeks in June,
Suppliers Feel Effects of Slump "I have no doubt that it's coming" A year ago, the owner of Heritage Woodworks wasn't sure when a downturn in orders might hit. via Remodeling read more...
June sees record mortgage lending (BBC News) Gross mortgage lending reaches £32.2bn in June, the highest monthly figure on record, say lenders.read more...
Merrill Lynch Posts Modest Earnings Rise Merrill Lynch & Co. Inc. managed to avoid the earnings troubles of its competitors and peers in the second quarter, posting a 6 percent profit gain despite a sluggish bond
Mortgage Basics: Chapter 7 quiz (Bankrate.com) If you think you've mastered the material in chapter 7 of Mortgage Basics , take our quiz. After you click the "submit" button, the answers will appear below.read more...
July 18th, 2008
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