Archive for August, 2007
Mattel recalls millions of toys
Mattel Inc. issued a recall of about 7 million additional toys manufactured in China Tuesday due to lead paint, loose magnet hazards, the second major recall in less than a month.
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Solid gains at Wall St. open
U.S. stocks rallied at the start of trading Monday as the credit concerns that plagued investors last week seemed to abate for the moment.
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Blackstone soars on earnings news
Blackstone Group more than tripled its quarterly profits and revenue Monday, helped by strength across its different divisions.
No commentsBetting on a Fed rate cut
Is it time for Fed chair Ben Bernanke to take a page from his predecessor’s book and lower interest rates to soothe a jittery market?
No commentsWho can’t get a mortgage now
The stock market is going crazy. Hedge funds are going under. But for the average American looking for a home loan, the crisis in the subprime mortgage market may actually be good news.
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Mortgage meltdown contagion
The outlook for the housing market looks even bleaker than it did a week ago. Last Friday we reported that foreclosures were skyrocketing, home prices falling and recovery forecasts were being scaled back.
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Stocks tumble at the start
U.S. stocks retreated at Friday's market open as concerns about the worldwide credit crunch continued to plague investors.
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Credit concerns hammer Wall St.
U.S. stocks skidded at the start of trading Thursday as the credit crisis continued to bother investors.
No commentsBest Places To Buy A Vacation Home
See which blue-chip spots best hold their value, and which areas are ripe for investment.
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