The Wall Street Journal is reporting Out of Gas:Exxon to Exit Low-Profit Retail Pumps.Exxon Mobil Corp., purveyor of one of the most recognizable gasoline brands in the world, is getting out of the...
Note: I will be doing Market WrapUp on Financial Sense every 2nd, 4th, and if applicable 5th Thursday of the month. This was my first one.Concerns continue to mount at Lehman, with several to execu...
Autopia is reporting Plug-In Hybrid Leads Toyota's Drive Beyond Oil.Toyota, rightly or wrongly, is widely considered the greenest automaker, and the company hopes to solidify its hold on the title ...
In a completely expected move (at least in this corner) is yet another S&P downgrade in Alt-A mortgage backed securities.June 11, 2008-Standard & Poor's Ratings Services today lowered its r...
Cash strapped banks and brokers are slashing dividends. Bloomberg is reporting U.S. Financial Firms Cut Dividends Most in Five Years.Citigroup Inc., Wachovia Corp. and KeyCorp are among 16 U.S. fin...
In FHA Loses $4.6 Billion - Denies Insolvency I wrote that I would eliminate the FHA. This stirred up some debate from those supporting the program. "WT", a mortgage broker of 34 years, writes ...T...
The Philadelphia Inquirer is reporting Homeowners offered relief in Philadelphia program.It was a madhouse in City Hall courtroom 676 yesterday.There began day one of a court pilot program to help ...
I have been staring in amusement at Bernanke's latest proclamation: Danger of downturn appears to have faded.Despite a recent spike in the nation's unemployment rate, the danger that the economy ha...
The Telegraph is reporting House sales fall is steepest since the 1970s.The number of houses changing hands has "collapsed" to the lowest level in 30 years, an influential housing market survey sho...
Bloomberg is reporting Junk Bond Defaults Rise for Sixth Straight Month.Companies with high-yield, high-risk debt defaulted at an annual rate of 2 percent in May compared with 1.7 percent in April,...
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