TOP 100 FINANCIAL SITES
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| UPDATE 1-Top Northern Rock investor says rescue criteria flawed LONDON, Feb 14 (Reuters) - The biggest shareholder in ailingBritish bank Northern Rock Plc said a financial aid planprovided by the government is flawed and using it as a basis toconsider rescue proposals for the bank is a mistake. feeds.reuters.com |
Thornburg Mortgage plunges on bankruptcy worry NEW YORK (Reuters) - Thornburg Mortgage Inc said on Monday it has failed to meet a surge in margin calls, raising concern the jumbo mortgage lender might file for bankruptcy and causing its shares to fall by more than half. feeds.reuters.com |
Tokyo stocks close sharply higher, rise for 3rd day Tokyo stocks rose for a third day, closing sharply higher Friday. The 225-issue Nikkei Stock Average gained 222.13 points, or 1.81 percent, to 12,482.57. The broader Topix index of all First Section issues on the Tokyo Stock ... english.people.com.cn |
U.S. to expand government program to help homeowners In an effort to let more struggling borrowers keep their homes and prevent defaults on unaffordable home loans, the Bush administration is expanding a federal program to allow more homeowners to refinance mortgages. feeds.marketwatch.com |
Brazil's Mining Titan Takes On Global Giants Vale, like other once-obscure emerging-market companies, is using its new financial clout to go on a buying spree. But the Brazilian mining titan's 8.8% drop in net, a rare stumble, shows the challenges these companies still face in trying to muscle to the front of the global stage. online.wsj.com |