New Delhi, July 31 : Already hit by spiralling prices of household items, those who have already taken home loans face the prospect of having to cough up higher equated monthly instalments (EMIs).
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Twenty-six aspiring first home owners have this week been granted pre-approval for a Shared Equity loan, the first group to benefit from the government’s new pilot scheme, says Housing Minister Maryan Street.
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RENO, Nev. — The Legends Reno-Tahoe Open took a gamble by inviting teen sensation Michelle Wie to retrn to the PGA TOUR this week. Judging by Thursday’s opening round, it looks like the gamble has paid off handsomely.
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Reuters - ArcelorMittal, the world’s top steel
maker, is mulling breaking up a takeover bid from
Cleveland-Cliffs Inc for U.S. coal miner Alpha Natural
Resources, with a counter bid, the Financial Times reported.
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Gambling and construction executives working to build a new $2 billion mega-casino here were among the eight victims of a plane crash in Minnesota on Thursday.
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Reuters - Video game publisher Activision
Blizzard Inc said quarterly profit at its Activision
unit more than doubled on sales of “Kung Fu Panda” and “Guitar
Hero: On Tour,” and it raised its 2009 forecast for the newly
merged company.
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ATLANTIC CITY, N.J., July 31 (UPI) — A lawsuit brought against an Atlantic City, N.J., casino by former cocktail servers who objected to a mandatory weight program has been settled out of court.
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Reuters - As high gas prices force U.S.
drivers to share city streets with a growing legion of
cyclists, tensions are mounting between the two groups who
blame each other for failing to find a peaceful balance.
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Reuters - Bill Gates’s investment arm has
waded into a brewing takeover battle between Waste Management
Inc and Republic Services Inc , asking Waste
Management to walk away.
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AP - A North Carolina judge threw out a class-action lawsuit Thursday filed by North Carolina residents seeking refunds on income tax they paid on interest generated from out-of-state bonds.
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It all happened swiftly. Armed with search warrants, some 20 police officers from Cornelia, Baldwin, Alto and Toccoa fanned out to nine locations in Cornelia Thursday afternoon to confiscate more than 40 video gambling machines and the money associated with them.
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Kiwibank has lowered its home loan interest rates, claiming it’s stolen a march on its rivals. The bank has reduced its three-year fixed rate to 8.69%, a fall of 0.1%.
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Reuters - General Motors Corp investors
expect the No. 1 U.S. automaker to post a steep second-quarter
loss on Friday, reflecting the pressure from a deepening
downturn in the U.S. auto industry.
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Investor’s Business Daily - The economy grew less than forecast in the spring as slumping inventories and home building tempered gains in exports and consumer spending, the Commerce Department said on Thursday.
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Reuters - Exxon Mobil Corp broke
its own record for the highest-ever quarterly profit for a U.S.
company on Thursday, but it was lower than Wall Street expected
largely due to lost output from Venezuela and Nigeria and lower
yields from some oil fields.
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Mumbai: HDFC Ltd. and ICICI Bank on Thursday hiked their floating home loan rates by 0.75 per cent. — PTI
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SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced July 31, 2008, that the 11th District Monthly Weighted Average Cost of Funds Index for June 2008 is 2.829%. The index for May 2008 was 2.918%.
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Shuffle Master, Inc. (NASDAQ Global Select Market:SHFL) announced today that the progressive jackpot on its Fortune Pai Gow Poker Progressive(TM) table game hit twice during July. The first jackpot payoff occurred at Thunder Valley Casino just outside of Sacramento, California, where a Northern California player was awarded over $500,000 after receiving a seven-card straight flush and hitting on …
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AP - Exxon Mobil Corp. said Thursday it earned $11.68 billion in the second quarter.
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Reuters - Banks borrowed a record amount of
funds from the Federal Reserve in the latest week as the year
old credit crisis took a persistent toll, while the commercial
paper market continued to contract, signaling tough conditions
for short term borrowers.
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AP - Exxon Mobil reported the fattest operating profit in U.S. corporate history Thursday but took a beating anyway from politicians railing against Big Oil, drivers bleeding cash at the pump and investors who expected more.
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Scott Montgomery is the overwhelming choice to win the World Series of Poker (WSOP), according to a new DuplicatePoker.com poll. Twenty-nine percent of 1106 poker players surveyed named Canadian Scott Montgomery by a more than a 2-to-1 margin over the rest of the November Nine WSOP finalists. Ivan Demidov (Russia) and chip leader Illinois-resident Dennis Phillips, already seated in position one …
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PHOENIX — The state’s soft economy is not resulting in more Arizonans wagering they can beat the odds by gambling their way to prosperity.
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Reuters - Video game developer Activision
Blizzard on Thursday posted a profit that just topped
estimates as “Kung Fu Panda” and “Guitar Hero: On Tour” fueled
sales for the period before its merger with Blizzard.
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Reuters - Former Federal Reserve Chairman Alan
Greenspan said on Thursday that a slowing global economy may
push the United States into recession, though it is not yet in
one.
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AP - The prospects for a quick economic recovery dimmed Thursday, with new data showing the economy grew at a slower-than-expected rate this spring despite some oomph from tax rebate checks and actually shrank late last year.
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Reuters - Stocks fell on Thursday, led by Exxon
Mobil after its earnings fell short of Wall Street’s
expectations and as disappointing economic data revived fears
of a U.S. recession.
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AP - The Federal Reserve says banks and Wall Street firms stepped up their borrowing over the past week from its emergency lending program.
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Reuters - Stocks fell on Thursday, led by Exxon
Mobil after its earnings fell short of Wall Street’s
expectations and as disappointing economic data revived fears
of a U.S. recession.
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AP - Wall Street is finishing the day with a sharp loss, after weak readings on the economy and the job market touched off renewed concerns about the financial health of businesses and consumers.
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