World stock markets rose strongly Monday after a surprisingly strong rebound in China’s exports reinforced hopes about the pace of the global economic recovery as attention began to focus on the start of fourth-quarter earnings reports in the U.S. » Read more…
Category Archives: Business Group
Chinese export growth boosts world markets
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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European stocks slide after poor Alcoa earnings
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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European stock markets fell sharply Tuesday as investors reacted to weak earnings data from US aluminium producer Alcoa, which kicked off the latest results season in the world’s biggest economy. » Read more…
Bipartisan panel to grill Wall Street CEOs
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Top bank executives can expect a grilling when they appear before a congressionally appointed panel investigating the causes of the 2008 financial collapse.
Four of Wall Street’s most powerful leaders — Goldman Sachs Group Inc. Chairman-CEO Lloyd Blankfein, JPMorgan Chase & Co. CEO James Dimon, Morgan Stanley Chairman John Mack and Bank of American Corp. CEO-President Brian Moynihan — were to give sworn testimony before the Financial Crisis Inquiry Commission, which was holding its first session Wednesday. » Read more…
Record year for foreclosures as unemployment rises
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. » Read more…