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US Senate on course to vote Sat. on housing bill - ForbesWASHINGTON (Reuters) - The U.S. Senate was on course for a Saturday vote to approve a major housing market rescue bill offering a lifeline to mortgage finance giants Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ...
Jobless claims jump as housing market gets weaker - Miami HeraldWASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...
RPT-Hudson City Bancorp 2nd-qtr profit up 52 pct - ReutersNEW YORK, July 23 (Reuters) - Hudson City Bancorp Inc (HCBK.O: Quote , Profile , Research , Stock Buzz ), which runs one of New Jersey's largest banks, said on Wednesday second-quarter profit increased 52 percent, helped by an improved net interest ...
Local reaction mixed on measure's effects - San Diego Union-TribuneWhile local housing industry leaders yesterday welcomed the progress of the housing bill, some analysts say it's unclear how effective the measure will be in righting the market. Much of the bill's success will depend on lenders' willingness to ...
Phila. Fed chief urges rate increase - Philadelphia InquirerThe Federal Reserve should raise interest rates to prevent "the kind of wage-price spiral" that boosted prices and slowed the economy in the 1970s, Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia, said yesterday in a speech ...
Central Jersey Bancorp Reports Second Quarter 2008 Net Income - MSN MoneyCentralLONG BRANCH, N.J., July 23, 2008 (PRIME NEWSWIRE) -- Central Jersey Bancorp (Nasdaq:CJBK), the parent company of Central Jersey Bank, N.A., reported net income of $1.3 million for the six months ended June 30, 2008, as compared to a net loss of $527 ...
Center Bancorp, Inc. Reports Second Quarter 2008 Earnings - MSN MoneyCentralUNION, N.J., July 24, 2008 (PRIME NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank, today reported operating results for the second quarter ended June 30, 2008. Earnings amounted to $1.4 million, or $0.11 ...
Housing bill won't solve market's problems - Miami HeraldIn this July 2, 2008 file photo, a bank owned home is seen for sale in Sacramento, Calif.. Rescue legislation sailed through the House Wednesday, July 23, 2008, aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled ...
Brookfield won't cut Manhattan rents despite 2% vacancy rates - Windsor StarBrookfield Properties Corp. chief executive Richard Clark said the office landlord won't reduce Manhattan rents as its New York City vacancy rate stays at 2%. Brookfield Properties, which owns 75 million square feet of property around the world, has ...
US STOCKS-S&P 500, Dow futures drop on investor caution - Guardian UnlimitedNEW YORK, July 24 (Reuters) - The S&P 500 and Dow stock futures fell on Thursday as investors doubted stocks' recent bounce could be sustained and Dow Chemical said its profit missed Wall Street expectations, blaming higher energy prices. Nasdaq ...
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