Archive for July 3rd, 2008

Mortgage rates drop, snapping a 3-week climb

Thursday, July 3rd, 2008

By Catherine Clifford, CNNMoney.com staff writerLast Updated: July 3, 2008: 11:20 AM EDTCashing in on mortgage meltdownMore VideosDownsizing the American homeMore VideosCurrent Mortgage Rates TypeOverall avgs wrtBankRateLinkMtg('30yrFixedMtg');30 yr fixed mtg6.22%wrtBankRateLinkMtg('15yrFixedMtg');15 yr fixed mtg5.77%wrtBankRateLinkMtg('30yrFixedJumboMtg');30 yr fixed jumbo mtg7.31%wrtBankRateLinkMtg('51Arm');5/1 ARM5.59%wrtBankRateLinkMtg('51JumboArm');5/1 jumbo ARM6.26% NEW YORK (CNNMoney.com) -- Rates on 30-year fixed ...

Penn to repay debt, faces some gaming slowdown

Thursday, July 3rd, 2008

PHILADELPHIA, July 3 (Reuters) - Casino and racetrackoperator Penn National Gaming Inc (PENN.O: Quote, Profile, Research, Stock Buzz), whose $6.1 billiontakeover plan collapsed, said Thursday it will use a new cashinfusion to repay a revolving credit facility, repurchase stockand invest in new business opportunities. ...

UPDATE 1-US commercial paper outstanding grows on week-Fed

Thursday, July 3rd, 2008

(Adds strategist comment) NEW YORK, July 3 (Reuters) - The U.S. commercial papermarket grew by the largest amount in four months in the latestweek, while the closely watched asset-backed sector alsogained, Federal Reserve data showed on Thursday. ...

TREASURIES-Short-dated debt edges up after ECB, weak data

Thursday, July 3rd, 2008

* Short-dated debt rises on data pointing to weak growth * Long-maturity issues slump on curve-steepening trades * U.S. payrolls falls for sixth straight month * ISM data show surprise services shrinkage, record ...

China Pudong Bank says H1 profit rose 140 pct

Thursday, July 3rd, 2008

SHANGHAI, July 3 (Reuters) - Shanghai Pudong Development Bank(600000.SS: Quote, Profile, Research, Stock Buzz) estimated on Thursday that its net profit in thefirst half of this year rose at least 140 percent from a yearearlier. The bank cited growth in assets, ...

Toronto stocks turn positive, energy shares climb

Thursday, July 3rd, 2008

TORONTO, July 3 (Reuters) - The Toronto Stock Exchange'smain index poked its head into positive territory on Thursday,recovering from earlier steep losses, as energy shares wereboosted by oil prices, and bargain hunters snapped updown-trodden stocks. The S&P/TSX composite index .GSPTSE was ...

EU watchdogs back mandatory EU cap on text prices

Thursday, July 3rd, 2008

BRUSSELS, July 3 (Reuters) - The cost of texting fromoutside a home country in the European Union could be slashed byup to two-thirds and still give operators a fair return, thebloc's national telecoms watchdogs say. EU Telecoms Commissioner Viviane Reding decides ...

Gameworld: Game makers eye young girls with ‘Boogie SuperStar’

Thursday, July 3rd, 2008

By Jennifer Martinez LOS ANGELES, July 3 (Reuters Life!) - If "American Idol"and a modern fairy tale combined to create a video game, you'dget "Boogie SuperStar" -- Electronic Art's latest game for theNintendo Co Ltd Wii system. ...

Dutch June supermarket sales up 7.6 pct - GfK

Thursday, July 3rd, 2008

AMSTERDAM, July 3 (Reuters) - Dutch supermarket sales rose7.6 percent in June as consumers spent more and visited storesmore often due to European soccer championship offers anddiscounts, market researcher GfK said on Thursday. Supermarket sales rose to 2.35 billion euros ($3.7 billion)in ...

US STOCKS-Dow jumps 1 percent, led by energy shares

Thursday, July 3rd, 2008

(Updates with Dow rising 1 percent) NEW YORK, July 3 (Reuters) - U.S. stocks rose on Thursday,sending the Dow up more than 1 percent, as investors snapped upshares of energy companies, including Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz),after ...