National City shares shoulder subprime losses (Pittsburgh Tribune-Review)
The subprime mortgage meltdown continues to burn National City Corp.'s stock, as well as singe some other local banks....more...Asian Stocks Rise; Mitsubishi UFJ Leads Advance Among Banks (Bloomberg.com)
Dec. 3 (Bloomberg) -- Asian stocks rose for a third day, led by Mitsubishi UFJ Financial Group Inc. and National Australia Bank Ltd., on speculation the Federal Reserve will cut U.S. interest rates to bolster growth in the world's largest economy....more... Asian Stocks Rise; Mitsubishi UFJ Leads Advance Among Banks (Bloomberg.com)
Dec. 3 (Bloomberg) -- Asian stocks rose, led by Mitsubishi UFJ Financial Group Inc. and National Australia Bank Ltd., on speculation the Federal Reserve will cut U.S. interest rates to bolster growth in the world's largest economy....more... New U.S. Attorney General to give speech in Park City Thursday (The Salt Lake Tribune)
Posted: 11:30 AM- U.S. Attorney General Michael Mukasey will be in Park City Thursday to address the national winter meeting of state attorneys general, his first public address since he was sworn in earlier this month....more... Area's First Ethanol Plant Opens (R News)
SHELBY, N.Y. The first ethanol plant in our area is a few days away from completing its inaugural order of fuel. Western New York Energy in Orleans County started production this week. The $90-million plant is located near the village of Medina....more... Old Man Winter Returns (R News)
The calendar still says fall, but it looked a lot like winter outside Sunday morning. The plows cleared Rochester area roadways of the first significant snowfall of the season....more... Community briefs for Dec. 3 (Potomac News)
First Home Alliance to hold Silver Diner fundraiser First Home Alliance, a nonprofit, 501(C)3 organization catering to low to moderate income first-time home buyers, will be raising money for its Home Buyer Education Program at the Silver Diner on Thursday. One hundred percent of the proceeds will go toward the program. Silver Diner will donate a percentage of the cost of meals from 5 to 9:30 ......more... NAB's Third Go At America (Australasian Investment Review via Yahoo!7 Finance)
Six years after writing off billions of dollars of write-downs and losses on poorly run mortgage business, the National Australia Bank moved back into the US market. It has agreed to acquire Great Western Bank, a regional bank based in the US Midwest rural city of Sioux Falls, South Dakota, for $US798 million ($A898.5 million). Instead of mortgages and full scale banking, its taking aim at the ......more... Real estate blogs booming (The Philadelphia Inquirer)
LAS VEGAS - Two years ago, Realtor Frances Flynn Thorsen was asked to leave the press room at the National Association of Realtors convention in San Francisco because bloggers were not accredited journalists....more... |