Mortgage and Financial News From 2008-1-11 Page 41

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  • Infosys records 62% revenue from North America - Economic Times

    Infosys records 62% revenue from North AmericaEconomic Times, India - 31 minutes ago... especially on the US economy and the impact of subprime mortgage crisis, for at least three more weeks. The company’s financial results, published on ...
    2008-01-11 11:28:53

  • Business Briefs - GwinnettHerald.com

    Business BriefsGwinnettHerald.com, GA - 30 minutes agoBrand Mortgage Group of Duluth added Brian Williams and Stacey Toney to its team of mortgage bankers. A Georgia native, Williams is a graduate of Brevard ...
    2008-01-11 11:29:36

  • California Proposes Taking Control of Thermostats - CNSNews.com

    California Proposes Taking Control of ThermostatsCNSNews.com, VA - 26 minutes agoKennedy also is critical of the US government and big oil companies and their "record profits." Full Story (CNSNews.com) - Human Events, a conservative ...
    2008-01-11 11:33:19

  • Countrywide's Mozilo May Collect $83 Million After Takeover - Bloomberg

    Countrywide's Mozilo May Collect $83 Million After TakeoverBloomberg - 18 minutes agoThe mortgage lender fell 79 percent last year. ``That's an eye-popping amount of severance for someone whose shares have been in such a vertical drop,'' ...
    2008-01-11 11:41:23

  • BofA/Countrywide Deal Creates Behemoth; Others May Follow - CNNMoney.com

    BofA/Countrywide Deal Creates Behemoth; Others May FollowCNNMoney.com - 18 minutes ago(CFC), the top 10 US mortgage companies are essentially the same now as they were at the end of 2006, with little shuffling among the rankings. ...
    2008-01-11 11:41:46

  • BofA's awesome Countrywide tax break - CNNMoney.com

    BofA's awesome Countrywide tax breakCNNMoney.com - 16 minutes agoBy Allan Sloan, senior editor at large Bank of America purchases Countrywide Financial, one of the companies hardest hit by the subprime mortgage meltdown. ...
    2008-01-11 11:43:46

  • Countrywide customer? B. of A. deal likely means minimal changes (Market Watch)

    CHICAGO (MarketWatch) -- If you're among the millions of homeowners who are customers of Countrywide Financial Corp., you're probably wondering how the sale of the troubled lender to financial-services giant Bank of America Corp. affects you.
    2008-01-11 11:45:43

  • Google (IWon - Money)

    (AAPL 172.83, -5.19) are pacing the decline. (RRC 52.96, +2.64) are seeing the most buying interest.
    2008-01-11 11:46:10

  • Countrywide borrowers: fear not (CNNMoney.com via Yahoo! Finance)

    If you're struggling with a mortgage you got from Countrywide Financial, you may be wondering what Bank of America's takeover plan bodes for your loan.
    2008-01-11 11:48:00

  • Wall Street wilts on signs of weakness (EARTHtimes.org)

    NEW YORK (Reuters) - Stocks fell sharply on Friday after American Express Co warned of mounting credit-card defaults, adding to expectations of a U.S. recession.
    2008-01-11 11:54:04

  • Similar deals expected to follow Countrywide sale (EARTHtimes.org)

    NEW YORK (Reuters) - Similar deals are expected to follow Bank of America Corp's agreement on Friday to acquire battered mortgage lender Countrywide Financial Corp for a knock-down price of $4 billion in stock.
    2008-01-11 11:54:44

  • Stocks Tumble on Credit Fears (BusinessWeek)

    Prospects for more turbulence in credit markets and a dismal reading on a consumer confidence gauge sent equities lower
    2008-01-11 11:55:17

  • (AFX UK Focus) 2008-01-11 19:33 GMT: Stocks slammed by bad credit fears (Interactive Investor)

    NEW YORK (AP) - Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under signs of a slowing economy. The Dow Jones industrials fell more than 240 points.
    2008-01-11 11:56:22

  • Bank of America to Buy Countrywide for $4.1 Billion in Stock (WRAL.com Raleigh)

    Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country's biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank.
    2008-01-11 11:56:55

  • World stocks slide as credit concerns climb (Reuters.co.uk)

    NEW YORK (Reuters) - World stock markets traded lower on Friday, led by a sell-off in U.S. financial stocks as signs of a possible slowdown in consumer spending reignited fears of a recession and a report of possible deep losses at brokerage Merrill Lynch unnerved markets.
    2008-01-11 11:57:59

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