Falling bond prices push stocks lower in New York
The Dow Jones fell about 175 points as rising 10 year Treasury yields climbed to 3.72 percent and fed fears that higher borrowing costs will slow the economy. Investors worry government debt yields will prolong housing and loan rates even as the Fed plans up to 300 billion in Treasury purchases.
MENTIONED IN THIS ARTICLE
New York
Treasury
Trea
Hank Herrmann
Waddell & Reed
Herrman
Federal Reserve
Ben Bernanke
Dual Market Emerges as April Home Sales Rise
The National Association of Realtors reports April existing home sales up 2.9 percent to an annual rate of 4.68 million, aided by bargain-priced foreclosures and distressed properties. High-end markets remain near standstill due to mortgage access issues, signaling a split housing market.
MENTIONED IN THIS ARTICLE
Washington, D.C
Las Vegas
Phoenix
Miami
Sherry Chris
Better Homes and Gardens Real Estate
National Association of Realtors
Banks Post 1Q Profit Amid Rising Problem Banks
The FDIC reports U S banks earned 7 6 billion in the January March quarter with trading gains and lower funding costs. Yet the number of problem banks rose to the highest in 15 years as more than one in five banks posted a net loss and loan loss reserves climbed to 60 9 billion. FDIC chair Sheila Bair calls it a cleanup phase.
MENTIONED IN THIS ARTICLE
Washington, D.C
Federal Deposit Insurance Corp
U.S
FDIC
Sheila Bair
GM Bond Swap Fails Prompting Likely GM Bankruptcy
GM withdraws a $27 billion unsecured debt swap after bondholders reject the plan. The company has a government debt reduction, labor cost cuts and plant closures deadline, while Chrysler seeks court approval to sell assets to Fiat to avoid liquidation.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
Chrysler LLC
Italy
Fiat Group Spa
Chrysler
Fiat
Tom Wilkinson
U.S. Department of the Treasury
Obama
AGM
U.S
Lehman Brothers Holdings Inc
Washington Mutual Inc
BankruptyData
Also Mentioned on This Page
The
American Red Cross
South Carolina State Museum
Red Cross
Cove Ile
Aren Gos Berg
Columbia
South Carolina
O.g
Gervais St
John Patton
University of Michigan
Patton
Canada
Kansas City
Dallas
San Luis Potosi
Guanajuate
Mexico City
Chica
Indiana
St. Loui
Aganmé
Dunagan’s Sewing & Vacuum Center
Whiskey Road
Aiken
Fort
Natchez
Nellie Stevens
Holly
Fort Farms
Neeses
Cttken Antique Mall
Mon-Sat
Sun
Laurens Street
Plunkett
al Credit
Dent Trane Dealer
Plunkett Heating & Air
NLOE
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!