AP - FBI Director Robert Mueller said Thursday that the agency is committed to investigating and prosecuting companies involved in mortgage fraud and other violations in connection with home loans made to risky borrowers.
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Reuters - The financial meltdown sweeping the
United States hits the fashion runway on Friday, when New York
Fashion Week takes off, but its impact may be surprising.
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AP - Google Inc.’s top executives say all is well at the Internet search leader despite a rare earnings disappointment, but investors are worried something is amiss.
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AP - Google Inc.’s earnings and revenue growth decelerated more than analysts anticipated during the fourth quarter, magnifying worries that the Internet search leader’s moneymaking machine is bogging down as the U.S. economy teeters on the brink of recession.
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Reuters - Google Inc on Thursday
reported disappointing quarterly results on rising capital
spending and costs for acquiring advertising customers,
unnerving investors who sent its shares down 6.5 percent.
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Reuters - Yahoo Inc nonexecutive
Chairman Terry Semel is leaving the board, the Internet company
said on Thursday, announcing the end of its formal ties with
the ex-CEO credited with reviving the company and then losing
touch.
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Reuters - MBIA Inc said on Thursday it
would have the cash to meet commitments even after reporting a
worse-than-expected loss, but rating agencies kept the pressure
on the world’s largest bond insurer with a series of actions
and warnings late in the day.
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FT.com - The Philippine economy grew at an annual rate of 7.3 per cent last year, recording its biggest expansion in 31 years thanks to stronger consumer and government spending.
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AFP - Google reported Thursday that its profits for the last three months of 2007 climbed to 1.21 billion dollars, but its stock price sank as the figure fell short of Wall Street expectations.
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Reuters - Google Inc on Thursday
reported a disappointing quarterly profit and aggressive
spending plans to support a widening range of Web services,
unnerving investors who sent its shares down 8 percent.
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Investor’s Business Daily - MasterCard showed Thursday just how resilient it is to credit woes and the general economic malaise in the U.S.
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AP - Resurgent beer sales helped lift Anheuser-Busch’s profit 12 percent in the fourth quarter, but the brewer warned Thursday that rising costs could eat into earnings this year.
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Reuters - MBIA Inc said on Thursday it
will have enough cash to meet its commitments even after
reporting a worse-than-expected quarterly loss, while Standard
& Poor’s is reviewing the top ratings it gave to the world’s
largest bond insurer.
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SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced January 31, 2008, that the 11th District Monthly Weighted Average Cost of Funds Index for December 2007 is 4.072%.
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Investor’s Business Daily - Sun Microsystems is once again looking to interpret Reg FD, the rule that seeks to guarantee that everyone gets equal, timely access to corporate earnings and other news that can affect stock prices.
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FT.com - Carphone Warehouse spearheaded the advance in which the FTSE 100 bounced back from a 150-point loss to close higher on Thursday.
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FT.com - Vodafoneon Thursday made an aggressive push to generate more revenue from mobile internet services by slashing prices in the UK, one of its core European markets.
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Reuters - Stocks ended higher on Thursday after
a major bond insurer reassured investors about its stability,
fueling a rebound by financial shares hammered recently by the
prospect of crumbling credit markets.
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SAN RAMON, Calif.—-Fighting against the most challenging reversal in the mortgage market in decades, CMG Mortgage, Inc. has significantly expanded sales of its popular new loan, the Home Ownership Accelerator® loan, .
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MUMBAI: Finally there is good news for people who have taken a loan with a floating interest rate to buy their dream homes. HDFC, the leader in the home finance business, has decided to cut interest rates on floating rate home loans for all its existing customers by 25 basis points.
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AP - Video-game software publisher Electronic Arts Inc. said Thursday it swung to a loss in the third quarter, hurt in part by the way it accounts for online-enabled games, but adjusted earnings met Wall Street’s expectations.
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Reuters - Pharmaceutical wholesaler McKesson
Corp reported on Thursday that its quarterly profit
fell 17 percent as results were hurt by lower profit margins on
certain generic drugs and charges taken.
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FT.com - US stocks rebounded strongly on Thursday after MBIA (NYSE:MBI) helped alleviate some of the concerns about troubled bond insurers at the end of the worst January for equities since 1990.
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FT.com - UBS (NYSE:UBS) led European shares on a roller-coaster ride on Thursday when growing fears that losses at ailing bond insurers would pummell the banking sector capped the worst yet January for European stock markets.
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Reuters - Motorola Inc , the world’s No.
3 mobile phone maker, said on Thursday it is exploring
strategic alternatives including a possible separation of its
mobile devices business from other units.
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FT.com - US stocks rebounded strongly from an early sell-off on Thursday after MBIA helped alleviate some of the concerns about the troubled bond insurance sector.
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Reuters - Electronic Arts Inc
posted a 44 percent rise in quarterly profit excluding special
items and gave forecasts below Wall Street estimates, sending
shares in the world’s top video-game publisher down 6 percents
on Thursday.
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Reuters - “Darke County Dave,” a local hog, will
opine — or oswine — on America’s economic outlook on Friday,
the Ohio treasurer’s office said.
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Reuters - Electronic Arts Inc
posted a 44 percent rise in quarterly profit on Thursday and
gave forecasts in line with Wall Street estimates, but shares
in the world’s top video-game publisher fell 6 percent.
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AP - Mattel Inc. posted a 15 percent gain in fourth-quarter profit, even though it entered the crucial holiday season in the shadow of negative publicity over its recalls of millions of Chinese-made toys tainted with lead.
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