Archive for May, 2008

U.S. 30-year mortgage rates fall in latest week

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[-] Text [+] WASHINGTON (Reuters) - U.S. 30-year mortgage rates fell for a third part consecutive week, according to a scan released by home funding house Freddie Mac (FRE.N: Quote, Profile, Research) in succession Thursday. U.S. 30-year pledge rates dropped to an average of 5.98 percent from 6.01 percent extreme week, as 15-year mortgages ...

Ford abandons 2009 profitability goal

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[-] Text [+] DETROIT (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) on Thursday said it would divide production through the remainder of 2008 and said it no longer expects to meet a long-held goal of returning to profitability in 2009. In a statement, Ford before-mentioned rising prices for commodities, especially carbonized iron, ...

Barnes & Noble posts loss, cuts sales forecast

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[-] Text [+] NEW YORK (Reuters) - U.S. bookseller Barnes & Noble Inc (BKS.N: Quote, Profile, Research) reported a first-quarter loss adhering Thursday, hurt by a freight to settle a discussion regarding the contribution of taxes on sales made by its online unit. The retailer said its loss was $2.2 the masses, or 4 ...

Ex-judge in Microsoft/EU case surprised at fine

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[-] Text [+] By David Lawsky ST GALLEN, Switzerland (Reuters) - The critic who signed a landmark European antitrust ruling against Microsoft (MSFT.O: Quote, Profile, Research) said on Thursday he was surprised through the plentiful size of a memorial 899 the great body of the people euro ($1.42 billion) fine imposed by the EU ...

Crunch turns back clock on mortgage lending

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[-] Text [+] By Lisa Baertlein LOS ANGELES (Reuters) - As U.S. banks mop up the mixture from billions of dollars of unfair home loans, buyers are finding the days of cheap standard of value are over and, in many cases, tougher versions of old lending rules now lay upon. People of modest means ...