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BlackRock to create fund to buy leveraged loans - San Diego Union-Tribune
NEW YORK – BlackRock Inc. is trying to raise some $3 billion to create a second fund that will buy distressed debt that banks are trying to unload because of the credit crisis, a person with knowledge of the deal said on Wednesday. The biggest ...

BlackRock to create leveraged-loan fund - Philadelphia Inquirer
NEW YORK - BlackRock Inc. is trying to raise about $3 billion to create a second fund that will buy distressed debt that banks are trying to unload because of the credit crisis, a person with knowledge of the deal said today. The biggest publicly ...

New home loans down by 71% - Epping Forest Guardian
The number of mortgages approved for people buying homes dived by 71% during the past year to hit a new record low. Just 33,000 mortgages were approved for house purchase during July - 6% fewer than in June, and down from 114,000 in July last year ...

Shrum/McCain '08! - Slate
Model 3 is Born? Howie Kurtz notes the essential weirdness of McCain strategist Steve Schmidt's fury at the press: Normally, campaigns say they are angry at reporters who print stories without asking them for their side of the story. "A simple phone ...

Home buyers weigh up aid measures - BBC UK News
It is suspending stamp duty for properties worth up to £175,000 - £50,000 more than the current threshold. The suspension will come into force on Wednesday, for a year. Also included is a shared equity scheme, under which councils and housing ...

Branson will need partners to pluck Gatwick from a clear blue sky - Daily Telegraph
Is it a bird or a plane? Neither. It's Virgin king Sir Richard Branson hovering over his next putative deal. The would-be saviour of Northern Rock has alighted on Gatwick, one of a trio of UK airports shortly to be wrested from current owner BAA by ...

A Gibraltar of Tough Times - Barron's Online
THIS LOOKS LIKE EXACTLY the time when you want to own a piece of the rock. While big international players like American International Group stumble from crisis to crisis and margin-crunching securitized lenders go quiet, stodgy Prudential Financial ...

Ministers can kick-start housing market with tax holiday - Edinburgh News
STAMP duty levels should be temporarily suspended to help kick-start Scotland's stagnating property market. I believe dramatic action is needed to revitalise the market, particularly with first-time buyers, who are experiencing the worst effects of ...

Credit Cards and Exchanges: The Only Safe Ways to Play the Financials - Seekingalpha.com
The current credit crisis and liquidity crunch has made even the professional investors balk on calling a bottom. One stomach churning event after another has proven the most optimistic analysts to not only be wrong, but little more than contrarian ...

Political Punch - ABC News Blogs
Jake Tapper is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories. The campaign of Sen. John McCain, R-Ariz., likes to herald the ...



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