Archive for August, 2007

Bush, Bernanke launch subprime assault (Reuters)

Friday, August 31st, 2007

Reuters - The Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
the U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
their mortgages.

Bush, Bernanke launch subprime assault (Reuters)

Friday, August 31st, 2007

Reuters - The Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
the U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
their mortgages.

Ameriquest closes, Citigroup buys mortgage assets (Reuters)

Friday, August 31st, 2007

Reuters - Ameriquest Mortgage Co, the largest
U.S. subprime lender as recently as 2005, is closing, the
latest home loan provider to shut down amid the nation's
housing market slump.

Ameriquest closes, Citigroup buys mortgage assets (Reuters)

Friday, August 31st, 2007

Reuters - Ameriquest Mortgage Co, the largest
U.S. subprime lender as recently as 2005, is closing, the
latest home loan provider to shut down amid the nation's
housing market slump.

U.S. returns to Doha talks with renewed optimism (Reuters)

Friday, August 31st, 2007

Reuters - The Bush administration returns to
world trade talks next week with renewed optimism, but even the
most ardent supporters of the Doha round see formidable hurdles
to clinching a deal.

Bush and Bernanke spur rally on Wall Street (Reuters)

Friday, August 31st, 2007

A sign over the floor of the New York Stock Exchange August 16, 2007. (Brendan McDermid/Reuters)Reuters - Stocks surged on Friday as President
Bush and Federal Reserve Chairman Ben Bernanke reassured
investors they would do what was needed to shelter the economy
from market turmoil.

Retailers think skirt may be next fad (Reuters)

Friday, August 31st, 2007

A buyers looks at dresses on display at the Magic Marketplace trade show, where buyers book orders for goods for Spring 2008, in Las Vegas, Nevada August 29, 2007. A strong seller since 2006, the dress has delighted retailers, but buyers at the Magic Marketplace apparel trade show this week wanted to be ready when the trend inevitably ends. Many U.S. clothing retailers think the skirt may be the next dress. (Staff/Reuters)Reuters - Many U.S. clothing retailers think
the skirt may be the next dress. A strong seller since 2006,
the dress has delighted retailers, but buyers at the Magic
Marketplace apparel trade show this week wanted to be ready
when the trend inevitably ends.

Honda exec sees 3 percent rise in 2007 U.S. sales (Reuters)

Friday, August 31st, 2007

The Honda Accord coupe concept vehicle is introduced at the 2007 North American International Auto Show in Detroit, January 8, 2007. Honda Motor Co Ltd is on track for a 3 percent increase in U.S. sales in 2007, an executive said on Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence. (Gary Cameron/Reuters)Reuters - Honda Motor Co Ltd (7267.T) is
on track for a 3 percent increase in U.S. sales in 2007, an
executive said on Friday, but he also called on the Federal
Reserve to cut interest rates to boost consumer confidence.

Wall St set for lift on Bush speech (FT.com)

Friday, August 31st, 2007

FT.com - Wall Street stocks were set for a higher start on Friday, as markets awaited a statement from President George W. Bush in which he is expected to announce that the US government will help Americans with delinquent mortgages keep their homes.

New cars seen raising gas mileage levels (AP)

Friday, August 31st, 2007

An unidentified shopper searches the rows of unsold 3-series sedans on the lot of a BMW at a dealership in the south Denver suburb of Littleton, Colo., on Sunday, Aug. 19, 2007. Consumers returned to the malls in July after taking a breather in June, although worries about the future could make the rebound short-lived. The Commerce Department reported Friday, Aug. 31, 2007 that consumer spending rose by 0.4 percent in July, double the June increase. The spending was supported by a solid 0.5 percent rise in incomes, the best showing in this area in four months.  (AP Photo/David Zalubowski)AP - New vehicles are expected to set records for average gas mileage in 2007, driven by improved technology and demand for fuel-efficient vehicles, the government reported.

U.S. returns to Doha talks with renewed optimism (Reuters)

Friday, August 31st, 2007

Reuters - The Bush administration returns to
world trade talks next week with renewed optimism, but even the
most ardent supporters of the Doha round see formidable hurdles
to clinching a deal.

Bush, Bernanke launch subprime assault (Reuters)

Friday, August 31st, 2007

President Bush talks about easing the mortgage default crisis while in the Rose Garden of the White House, August 31, 2007. From L-R are: Secretary of HUD Alphonso Jackson, Bush, and Secretary of Treasury Henry Paulson, Jr. (Larry Downing/Reuters)Reuters - The Federal Reserve on Friday
reassured investors it would take any steps needed to shelter
the U.S. economy from a global credit squeeze, while President
George W. Bush promised to help struggling homeowners refinance
their mortgages.

Bush and Bernanke spur rally on Wall Street (Reuters)

Friday, August 31st, 2007

A sign over the floor of the New York Stock Exchange August 16, 2007. (Brendan McDermid/Reuters)Reuters - Stocks surged on Friday as President
Bush and Federal Reserve Chairman Ben Bernanke reassured
investors they would do what was needed to shelter the economy
from market turmoil.

Bush and Bernanke spur rally on Wall Street (Reuters)

Friday, August 31st, 2007

A sign over the floor of the New York Stock Exchange August 16, 2007. (Brendan McDermid/Reuters)Reuters - Stocks surged on Friday as President
Bush and Federal Reserve Chairman Ben Bernanke reassured
investors they would do what was needed to shelter the economy
from market turmoil.

Delphi settles shareholder lawsuits (Reuters)

Friday, August 31st, 2007

Reuters - Bankrupt auto parts maker Delphi Corp
said on Friday it has settled class action lawsuits
by shareholders and employees that grew out of financial
restatements that were the subject of civil fraud charges the
company settled last year.