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Uncategorized - November 8, 2007 13:00
Toll Brothers sees lower home-building revenue
NEW YORK (Reuters) – Toll Brothers said on Thursday that it expected to report a 36 percent drop in quarterly home-building revenue, reflecting the deepening decline in the U.S. housing market. Read More…
Stock futures down (Reuters)
Reuters – Stock index futures fell before Wall Street’s opening on Thursday amid overnight news of more subprime write-downs at two big banks and with Federal Reserve Chairman Ben Bernanke due to testify before Congress. Read More…
Crude oil stalls in march toward $100
Crude oil stalls in march toward $100 NEW YORK (AP) – Oil prices stalled in their climb toward $100 a barrel Wednesday after a government report said oil inventories fell less than expected last week while refinery utilization remained flat. Oil investors largely viewed the report as neutral Source: c.moreover.com
FTSE joins global equity market sell off
FTSE joins global equity market sell offThe FTSE 100 fell in opening trade after heavy losses in Asia and on Wall Street overnight. The open in London was unaffected by a technical glitch that hampered Wednesday’s close and banks once again were at the forefront of the sell-offSource: www.ft.com
Wall Street sinks as credit fears rise
Wall Street sinks as credit fears rise NEW YORK (Reuters) – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Source: feeds.reuters.com
Wall Street sinks as credit fears rise (Reuters)
Reuters – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Read More…
Canegrowers see silver lining in low profit figures
Canegrowers see silver lining in low profit figures Mackay Canegrowers says less than ideal profits last financial year may be a blessing in disguise. Figures released at the organisation’s annual general meeting, in the north Queensland city yesterday, showed its profits were up by 1.8 per cent, well Source: c.moreover.com China denies intention to dominate […]
Financials weigh down Asian markets
Financials weigh down Asian marketsAsian stocks fell as investors dumped financial shares after US financial companies admitted to more subprime-related losses, while the weak dollar weighed on exportersSource: www.ft.com
Wall Street sinks as credit fears rise
NEW YORK (Reuters) – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Read More… MUNICH (Reuters) – Industrial group Siemens more than doubled operating […]
Wall Street sinks as credit fears rise (Reuters)
Wall Street sinks as credit fears rise (Reuters) Reuters – Stocks tumbled on Wednesday as a probe of the home loan industry by New York’s attorney general drew in the country’s biggest mortgage finance companies and Washington Mutual Inc warned the housing downturn would extend well into next year. Source: news.yahoo.com
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