Archive for June 2nd, 2008

Banks miss an easy housing fix

Monday, June 2nd, 2008

By Les Christie, CNNMoney.com staff writerLast Updated: May 28, 2008: 11:16 AM EDTBeware hidden closing feesMore VideosSpecial ReportHousing rescue on the rise; so are foreclosuresBanks miss an easy housing fixHome sales rise - still near 17-year lowHousing relief: Help, but for how many?NEW YORK (CNNMoney.com) -- Banks say they want ...

Lenders foot the bill for abandoned homes

Monday, June 2nd, 2008

By Les Christie, CNNMoney.com staff writerJune 2, 2008: 11:40 AM EDTHomebuilders up nextMore VideosSpecial ReportHousing rescue on the rise; so are foreclosuresBanks miss an easy housing fixHome sales rise - still near 17-year lowHousing relief: Help, but for how many?NEW YORK (CNNMoney.com) -- Weeds stand waist high on the front ...

TREASURIES-10Y yield slips below 4 pct on stock decline

Monday, June 2nd, 2008

NEW YORK, June 2 (Reuters) - The yield on U.S. 10-yeargovernment notes slipped below 4 percent on Monday, asinvestors favored bonds over stocks on worries about thebanking sector and rising prices squeezing corporate profits. The 10-year note's yield <US10YT=RR> yield, which ...

UPDATE 3-Bin Laden firm plans $200 bln Red Sea bridge, cities

Monday, June 2nd, 2008

(Recasts, adds background) By John Irish DUBAI, June 2 (Reuters) - A property firm owned by a Saudibusinessman from the bin Laden family plans to spearhead a $200billion project next year to connect Africa to the ArabianPeninsula ...

UPDATE 1-Finnish union warns of Stora Enso strike

Monday, June 2nd, 2008

(Adds Stora, industry quote, detail) HELSINKI, June 2 (Reuters) - A Finnish white-collar unionwarned on Monday of a possible strike against the world's toppaper and pulp producer Stora Enso (STERV.HE: Quote, Profile, Research) that couldpotentially spread to other paper firms ...

UPDATE 2-Asarco buy seen a bargain for India’s Sterlite

Monday, June 2nd, 2008

(Updates with detail on court hearing) By Devidutta Tripathy NEW DELHI, June 2 (Reuters) - India's Sterlite Industries(STRL.BO: Quote, Profile, Research) looks to have won the assets of bankrupt copper minerAsarco cheaply, analysts said on Monday, adding ...

UPDATE 1-Acorda drug aids walking in MS patients, shares fly

Monday, June 2nd, 2008

(Adds details on safety findings, analyst comment, shares) By Ransdell Pierson NEW YORK, June 2 (Reuters) - Acorda Therapeutics Inc.(ACOR.O: Quote, Profile, Research) on Monday said it will seek U.S. approval early nextyear for the first medicine ...

CORRECTED-Spectra may expand Canadian pipeline for shale gas

Monday, June 2nd, 2008

(Corrects May 30 story to show in paragraph 4 that the openseason ends, not starts, on June 13) CALGARY, Alberta, May 30 (Reuters) - Spectra Energy Corp(SE.N: Quote, Profile, Research) will gauge support among natural gas producers to expandpipeline capacity in ...

Chief justice heads panel on BCE buyout appeal

Monday, June 2nd, 2008

By Randall Palmer OTTAWA, June 2 (Reuters) - The chief justice of the SupremeCourt of Canada and two other judges will decide this week onwhether to hear an appeal of a lower court decision that couldderail the C$34.8 billion ($34.8 billion) ...

CORRECTED: McCain calls for divestment campaign against Iran

Monday, June 2nd, 2008

(Corrects to show AIPAC a pro-Israel, not an Israeli, lobby group) By Jeff Mason WASHINGTON (Reuters) - The world should launch a divestment campaign against Iran to curb its nuclear ambitions and reduce potential threats to Israel's security, Republican presidential ...