Category Archives: Leading Indicators

European stocks slide after poor Alcoa earnings

Posted by MORTGAGE BLOG NEWS on March 5, 2011 None comments

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 None comments

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 None comments

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…

Obama tells banks: `We want our money back’

Posted by MORTGAGE BLOG NEWS on March 5, 2011 None comments

President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. “We want our money back,” he said. » Read more…

Shiseido to buy Bare Escentuals for $1.7 billion

Posted by MORTGAGE BLOG NEWS on March 5, 2011 None comments

Shiseido Co. is buying San Francisco-based Bare Escentuals Inc. in a $1.7 billion deal that brings together one of the world’s oldest cosmetics companies with a hip, rising star. » Read more…