Mortgage and Financial News From 2008-6-12 Page 4
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Slidell couple accused of stealing $33,000 from relatives - New Orleans Times-Picayune
A Slidell mortgage broker and his wife were arrested Thursday after they allegedly stole more than $33,000 from relatives who thought the money was reaping impressive returns in the stock market. Christian Noblett, 35, and Mehgan Noblett, 33, both of ...
2008-06-12 04:49:00 -
The Closer: Real estate gossip - New York Daily News
The new top sales office in the city is the Sales and Design Tin for HL23, a stunning 11-residence Neil Denari-designed building that will cantilever over the High Line. Housed in a converted construction trailer, the back wall of the tin is a 11-by ...
2008-06-12 05:25:00 -
In Lehman fallout, two stars are given lesser roles - International Herald Tribune
After 10 nightmarish days inside the headquarters of Lehman Brothers, nerves on the 31st floor continued to fray. By Wednesday evening, the president and chief financial officer were out — a dramatic attempt by Richard Fuld Jr., Lehman's pugnacious ...
2008-06-12 07:55:00 -
InBev's Budding Debt, Lehman and HBOS, AIG's CEO Fight: Timshel - Bloomberg
June 13 (Bloomberg) -- InBev NV's bid for Anheuser-Busch Cos. raises so many issues that it's easy to lose focus on the most important one: the debt burden associated with the deal. To pay for what would be the largest all-cash takeover on record ...
2008-06-12 09:50:00 -
High oil prices hit homebuilding sector - International Herald Tribune
LOS ANGELES : As if homebuilders in the U.S. did not have enough to worry about with plunging home prices and rising foreclosures, the surge in oil prices is driving up the cost of key construction materials and further eroding homebuyers' confidence ...
2008-06-12 09:14:00 -
Layoff notice bill clears NJ committee - Philadelphia Inquirer
Neither was Assemblyman Michael Doherty (R., Warren). The two members of the Assembly Labor Committee were at odds over a package of bills meant to tighten New Jersey's layoff-notification law, already among the nation's strongest. The proposed ...
2008-06-12 05:04:00 -
Lehman shakes up management - Financial Times
Lehman Brothers executed a sudden management shake-up on Thursday, ousting its long-serving president and demoting its finance chief following a $2.8bn second-quarter loss that raised questions about its future as an independent investment bank. The ...
2008-06-12 09:14:00 -
Bank of England is 'failing on inflation' - Daily Telegraph
Only one in five members of the public believes the Bank of England is doing a good job controlling inflation, its own survey has shown. Mervyn King has recently started his second term as Governor of the Bank of England In a blow for Mervyn King ...
2008-06-12 09:50:00 -
Freddie Mac sells $3B 3-year reference notes - CNN Money
NEW YORK (Associated Press) - Freddie Mac, the second-largest U.S. buyer and backer of home mortgages, said Thursday that it sold its new $3 billion three-year reference notes due June 29, 2011. The reference notes, which are the mainstays of the ...
2008-06-12 08:28:00 -
Artful Borrowing - Forbes
Dutch artist Rembrandt was a master at painting but bad with money. He lived a lavish lifestyle that was beyond his means. The 17th-century painter used his works to secure sorely needed loans. The practice is enjoying a renaissance. The popping real ...
2008-06-12 03:38:00 -
Stocks Tumble on Oil Spike, Economic Fears - MSNBC
U.S. equities took another beating on Wednesday as oil prices resumed their march toward record highs on supply concerns stoked by a larger than expected drop in crude inventories. Adding to the gloom on Wall Street were worries that the Fed's anti ...
2008-06-12 08:57:00 -
NTS Realty Holdings Limited Partnership Announces Agreements to ... - MSN MoneyCentral
NTS Realty Holdings Limited Partnership (the “ Company ” ) NLP announced today that after the close of business yesterday it entered into agreements (the “ Agreements ” ) with Colonial Realty Limited Partnership, a Delaware limited ...
2008-06-12 06:55:00 -
Investment firms steady Fed borrowing - CNN Money
WASHINGTON (AP) -- Wall Street companies borrowed from the Federal Reserve's emergency lending program at a fairly steady pace, while banks scaled back. A Fed report, released Thursday, said the investment firms averaged $8.4 billion in daily ...
2008-06-12 02:40:00 -
President of National Settlement Agency Pleads Guilty to Embezzling - Earthtimes
Defendant Admits to Stealing More Than $13 Million in Mortgage Refinancing Proceeds NEW YORK , June 12 /PRNewswire-USNewswire/ - Steven Leff , 45, the former president of National Settlement Agency (NSA), pleaded guilty today to a felony information ...
2008-06-12 03:23:00 -
Wall Street's leading woman pays price for Lehman's losses - The Independent
Erin Callan, chief financial officer of Lehman Brothers, lost her job yesterday, three days after announcing that the investment bank had made its first quarterly loss as a public company. Ms Callan, who gave no hint that she was about to depart her ...
2008-06-12 04:56:00