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Freddie Mac released the results of its Primary Mortgage Market Survey for the week ended January 22 on Thursday morning. For the first time since the week ended October 30, rates were on the increase. The 30-year fixed-rate mortgage (FRM) carried an…(read more)
Weekly mortgage applications in the United States fell in the week ending Jan. 16, according to data released from the Mortgage Bankers' Association (MBA) on Thursday, which reported a 9.8% week-over-week decrease in applications. In the previous…(read more)
December wasn't just a bad month for the U.S. housing market, it was the worst month seen yet in the ongoing recession. Plans for constructing new homes were already at a record low in November, and in December those plans simply crashed. Over the…(read more)
U.S. house prices continued to decline in November, according to data from the U.S. Federal Housing Finance Agency (FHFA) , which recorded a 1.8% drop for the month. The decline was worse than economists' expectations for a 1.2% decline, and follows…(read more)
The housing sector continued to show weakness in December with housing starts and building permits sinking to new record lows. Housing starts fell to an annualized pace of 550k, representing a month-over-month decrease of 15.5%, according to data released…(read more)
Software giant Microsoft is slashing 5,000 jobs over 18 months in its first company-wide layoffs, including 1,400 jobs today following disappointing second quarter results.
Search engine Ask.com has launched a new version of its site that includes increased search result relevance, a new user interface and speed enhancements.
Estée Lauder’s 16-year-old “Breast cancer awareness campaign,” an autumn tradition thanks to its pink ribbons, gains a major digital component this year. The campaign will have its largest online presence ever this year, including social media, display ads and special content.
VANCOUVER, BRITISH COLUMBIA–(Marketwire - Jan. 21, 2009) -
The following report is available on tsx.com at the following web page:
http://www.tsx.com/en/news_events/media_kit.html
Trading was very heavy on a volume of 106.2 million shares worth 23.7 million dollars.
There were 250 advances, 273 declines and 528 issues unchanged.
The S&P/TSX Venture Composite Index closed down 5.13 at 851.55
/T/
Most Active Issues by [...]
AP - U.S. consumers may have stayed home this holiday season, but no matter for Apple, which managed to turn a profit in the last quarter as people elsewhere stocked up on iPods, Macbooks and other goodies.
AP - The French trader at the center of Societe Generale’s multi-billion-dollar banking scandal says he lost his sense of reality while gambling with millions as if it was a video game, a newspaper said Thursday in what it called an interview.
AFP - Japanese companies on Thursday unveiled a security robot that can be operated remotely by cellphone and launch a net to capture an intruder.
Reuters - South Korean prosecutors indicted a blogger on Thursday who had warned of financial doom for the country with critics saying he was targeted because his gloomy forecasts upset the government battling an economic downturn.
Reuters - Fiat SpA’s founding family is weighing a capital increase of about 2 billion euros ($2.58 billion) with an eye to a possible merger with France’s PSA Peugeot Citroen, an Italian daily reported.
Reuters - World stocks rose from this week’s 7-week low on Thursday as banking shares recovered after a heavy sell-off, while European government bonds tumbled on concerns the countries may borrow more to boost the economy.
Reuters - Sony Corp on Thursday forecast a much bigger-than-expected annual operating loss, its first annual loss in 14 years due to a sharp appreciation in the yen, steep price falls and restructuring costs.
Reuters - Citigroup Inc named former Time Warner Inc Chief Executive Richard Parsons as its chairman, the latest high-level personnel change to shake a U.S. bank clobbered by the credit crunch.
Reuters - Apple Inc’s quarterly profit beat expectations on strong iPod and Mac computer sales, and the company gave an outlook that cheered investors, sending its shares up 9.5 percent on Wednesday.
AP - Apple Inc.’s famous veil of secrecy appears to have stretched thin in trying to cover thousands and thousands of Wal-Mart stores.
AP - The Chinese government is stirring trade tensions with Washington with a plan to require foreign computer security technology to be submitted for government approval, in a move that might require suppliers to disclose business secrets.
Reuters - A draft Democratic plan to help the U.S. automakers, obtained by Reuters, says the president would designate one or more officials to oversee the auto rescue plan and restructuring for long-term financial viability of U.S. auto industry.
Reuters - Stocks rallied on Monday, sending the Dow briefly above 9,000, on optimism that President-elect Barack Obama’s plan to invest in a massive infrastructure plan will bolster the economy and on hopes for a rescue plan for automakers.
Reuters - With some of the United States’ largest and most diversified companies ready to spell out their 2009 financial forecasts over the next two weeks, Wall Street is braced for bad news.
Reuters - Tribune Co has filed for Chapter 11 bankruptcy protection after struggling under a heavy debt load, according to a court document filed with the U.S. bankruptcy court in Delaware on Monday.
Reuters - More than half of mortgages modified in a bid to avoid foreclosure fell delinquent within six months, a top U.S. banking regulator said on Monday, casting doubt on a proposal to rewrite home loans en masse.
