China companies warn profits slump as economy slows
Air China says first half profit will fall at least 50 percent from last year. ZTE projects up to 80 percent profit decline. Officials warn recovery remains unstable with six to twelve months of weak growth. Beijing lowers rates and funds public works to spur demand.
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Beijing
China
Air China Ltd
ZTE Corp
Wen Jiabao
Zhang Jiuhui
Great Wall Securities
United States
Europe
Shipbuilding Industry Association
Mao Sheng
Huawei Securities
Chengdu
ZTE
U.S. home building shows first real lift in four years
Builders are starting more homes nationwide led by Phoenix Chicago and Minneapolis as mortgage rates fall and rents rise. The gain lifts stock prices and foresees a modest but growing impact on the economy while experts warn the pace may not reach pre crisis levels for years.
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Washington
Phoenix
Chicago
Minneapolis
Celia Chen
Moody's Analytics
U.S
Prakken
IHS Global Insight
Home Builders Association
Miami
Moody's
San Diego
Mark Vitner
Wells Fargo Securities
Vitner
CFPB orders Capital One to refund 210 million over add ons
The Consumer Financial Protection Bureau penalties Capital One Bank for allegedly pressuring credit card customers into paying for add on services. The action totals 210 million in refunds and fines, to be distributed to up to 2.5 million customers plus payments to the CFPB and OCC. In Waterloo Iowa, Peregrine Financial workers react to the collapse tied to Russ Wasendorf Sr. fraud scheme, attending a college meeting for unemployment aid and retraining.
MENTIONED IN THIS ARTICLE
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Capital ‘One
Capital One
Consumer Financial Protection Bureau
CFPB
Office of the Comptroller of the Currency
Peregrine Financial Group Inc
Russ Wasendorf Sr
Waterloo
Wasendorf
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