Mortgage and Financial News From 2008-2-26 Page 18
Previous Day: 2008-02-25
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Excise sops for six Re-hit sectors
Economic Times - Textiles, gems & jewellery, handloom, handicraft, marine and leather may get excise waivers and an extension of interest rate subvention which expires in March. Sources said the package is almost final, with the finance minister and the Prime ...
2008-02-24 12:29:00 -
Parkland reports record fourth quarter and fiscal year
CNW Group - The discount rate used to determine the present value of the future costs is 6.9 percent (2006 - 6.9 ... Approximately 81 percent of the Fund's long-term debt bears interest at variable rates linked to prime.
2008-02-25 10:51:00 -
Omega Executes Investment Agreement for $20,000,000 "Equity Line of ...
MSN MoneyCentral - Omega's financing programs are forecasted to achieve above average returns by the arbitrage of its Sponsor's capital and their interest earned on their originated High/Yield loans. Their warehouse line will be a Prime base rate that ...
2008-02-25 06:59:00 -
Nationwide's new rules shubs first-time buyers
Times Online - Although the mutual will still offer loans for up to 95 per cent of a property's value, they will carry a much higher rate of interest, at 6.32 per cent for a two-year fix. Nationwide traditionally only lent to prime mortgage customers, however its ...
2008-02-25 07:27:00 -
Money market funds get volatile
San Francisco Gate - This insurance gave the city's bonds an AAA rating and let it sell them at a slightly lower interest rate than if it had sold ... While that's better than it was, it's still only half the yield on Vanguard's taxable Prime Money Market Fund.
2008-02-26 06:00:00 -
Storm clouds threaten to rain on bank profits
Globe and Mail - On the retail, or consumer banking, side of the business, funding costs were once again high in the early part of this quarter, and margins were squeezed by a narrow spread between the prime interest rate and bankers' acceptance rate.
2008-02-25 01:01:00 -
TowerGroup Predicts Continued Growth for Commercial and Small Business ...
Forbes - Businesses using loan products based on the prime interest rate - such as business credit cards and adjustable rate lines of credit - will benefit from continued reductions in the U.S. federal funds rate.
2008-02-25 06:37:00 -
Mesa Offshore Trust Announces No Trust Income for February 2008
Forbes - The demand loans will bear interest at the prime rate plus 2%, provided such rate shall in no event exceed the maximum legal rate of interest permitted by applicable law.
2008-02-25 09:36:00 -
MHI Hospitality Corporation Reports Financial Results for Fourth ...
MSN MoneyCentral - During the year we acquired two prime Florida properties, one through this joint venture and one directly, increasing ... quarter, due to expenses connected to the opening of a Florida asset and the change in fair market value of the interest rate ...
2008-02-26 04:20:00 -
An Above-Prime Solution
Washington Post - When we had interest rates in double digits, lending institutions charged 1.5 points above prime and made a nice profit. When the feds lowered the prime rate to 1 percent, the banks raised the rate from 1.5 points above prime to 3 points above prime.
2008-02-24 09:12:00 -
Sunday, February 24
News.com.au - If so, keep your wallet shut or interest rate rises will keep coming, financial experts say. ... MALAYSIAN Prime Minister Abdullah Ahmad Badawi has kicked off his election campaign with a warning that his Cabinet ...
2008-02-26 05:10:00 -
Evolving Systems Completes Debt Refinancing With $10 Million in New ...
MSN MoneyCentral - ... which carries more favorable covenants than the prior financing, is comprised of a $4.0 million, two-year term loan bearing a fixed interest rate of 8.25% and a $6.0 million, three-year revolving credit facility bearing interest at Prime plus 0.5%
2008-02-26 03:01:00 -
HSBC Bank Canada results(x) for the fourth quarter and year ended 31 December 2007 - Highlights (CNW Group via Yahoo! Finance)
Net income attributable to common shares was C$530 million for the
2008-02-26 01:30:00 -
The 4-1-1 On 401(k)s (Investopedia)
Since its inception in 1978, the 401(k) plan has grown to be the most popular type of retirement plan in America .
2008-02-26 01:36:37 -
Evolving Systems Completes Debt Refinancing With $10 Million in New Facilities at More Favorable Interest Rates and ... (Marketwire via Yahoo! Finance)
Evolving Systems, Inc., a leading provider of software solutions and services to the wireless, wireline and IP carrier market, today announced it has completed a debt refinancing that will lower the Company's average cash interest rate and improve financial flexibility.
2008-02-26 03:00:00
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