Mortgage and Financial News From 2008-5-14 Page 10
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Consumer companies' stocks surge - AZCentral.com
Wal-Mart Stores Inc., Hasbro Inc. and Ford Motor Co., which rely on Americans' disposable income, surged more than 15 percent in New York Stock Exchange trading since mid-January even as billionaire Warren Buffett said the U.S. economy is contracting ...
2008-05-13 10:11:00 -
Fossil 1Q profit beats estimates; revenue up 16.8% - Forbes
BOSTON (Thomson Financial) - Fossil Inc. Tuesday said first-quarter net income rose to $30.2 million, or 43 cents a share, topping the mean estimate of analysts polled by Thomson Reuters of 40 cents a share. In the same period a year ago, the company ...
2008-05-13 05:22:00 -
Fannie Mae finds buyers for $2 billion in stock - Boston Globe
WASHINGTON— Fannie Mae found buyers for $2 billion of a special class of stock, the mortgage financier said Tuesday, putting the company on the verge of completing its plan to raise more cash to stabilize its finances. The company priced 80 million ...
2008-05-13 04:28:00 -
Centro's Shield - Wall Street Journal
Centro Properties Group used a complicated and often-opaque capital structure to grow into one of the world's largest and most debt-laden shopping-center owners. But now that Centro is in hot water with its lenders, that structure is serving a new ...
2008-05-13 09:14:00 -
INSERTING and REPLACING First Trust Announces Financing for - MSN MoneyCentral
Insert after first graph: Depository Trust Company ("DTC"), holder of record of the MMP Shares, determines how a partial series redemption will be allocated among each participant broker-dealer account. Each participant broker-dealer, as nominee for ...
2008-05-13 04:56:00 -
U.S. median home price falls a record 7.7% in first quarter - USA Today
Median home prices fell broadly in the first quarter of the year, spreading to such cities as Dallas, Seattle and Raleigh, N.C., that had largely weathered the national housing slump. The median price of an existing single-family home — the point ...
2008-05-13 05:18:00 -
Greektown Casino financing questioned - Detroit News
DETROIT -- Just days after announcing a $100 million cash infusion from a new Metro Detroit investment group, Greektown Casino was told it has until June 10 to come up with a convincing argument why the Michigan Gaming Control Board should not force ...
2008-05-13 10:04:00 -
In a Fix, GOP Drags Its Feet - Washington Post
Resize Text It's been about a year since the outlines of the mortgage crisis became clear, and over that time, many powerful interests have been forced to alter some cherished and long-held views. The housing industrial complex -- from brokers to ...
2008-05-13 08:38:00 -
Scientific Games' proposed $850 mln loans rated 'BBB-' - S&P - Forbes
MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has assigned a 'BBB-' rating to Scientific Games International Inc.'s proposed $850 million senior secured credit facilities. S&P also affirmed its ratings on parent company ...
2008-05-13 10:54:00 -
First Group says profits up 40 percent - International Herald Tribune
LONDON : Rail and bus firm First Group said on Wednesday its adjusted operating profit for the year was up nearly 40 percent at 360 million pounds, and its outlook was positive. The company added in a statement it would look to place 43.7 million ...
2008-05-13 11:30:00