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Countrywide, the nation’s largest mortgage lender, said Friday that it would lay off up to 20 percent of its workforce over the next three months.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
'Flippers' from California who invested in the construction boom on the northern Mexican coast are now finding it difficult to unload their condos.
-- The ripples of the U.S. real estate boom began washing up on the shores of this beach town a few years ago. Californians, feeling flush from the steep run-up in housing values stateside, pulled equity from their primary homes and snapped up vacation properties in northern Baja California as if they were buying $10 lobster dinners.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
-- The ripples of the U.S. real estate boom began washing up on the shores of this beach town a few years ago. Californians, feeling flush from the steep run-up in housing values stateside, pulled equity from their primary homes and snapped up vacation properties in northern Baja California as if they were buying $10 lobster dinners.
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Analysts had predicted payrolls would grow 100,00 in August. Instead they fell, even before the market turmoil.
-- The notion that the U.S. is flirting with recession grew more credible Friday as the government reported that the economy shed jobs last month for the first time in four years, indicating that damage from the sub-prime mortgage meltdown had spread.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
-- The notion that the U.S. is flirting with recession grew more credible Friday as the government reported that the economy shed jobs last month for the first time in four years, indicating that damage from the sub-prime mortgage meltdown had spread.
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
The lender plans as many as 12,000 layoffs. CEO Mozilo says the downturn is the most severe in recent history.
Home loan colossus Countrywide Financial Corp. announced Friday that it would slash as many as 12,000 jobs, or nearly 20% of its workforce, saying the downturn in the housing market and the credit crunch related to sub-prime loans have created the worst conditions ever seen by the modern mortgage industry.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Home loan colossus Countrywide Financial Corp. announced Friday that it would slash as many as 12,000 jobs, or nearly 20% of its workforce, saying the downturn in the housing market and the credit crunch related to sub-prime loans have created the worst conditions ever seen by the modern mortgage industry.
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
180. 50 Cent vs. 50 Cent
The sales duel with Kanye West is merely a side story. 50 Cent's real competition is with himself.
THE rapper's rampage must have been a scary thing to behold: a destructive, reflexive reaction to bad news. But viewed another way, 50 Cent's meltdown here last month also exists as an extreme demonstration of his commitment to excellence.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
THE rapper's rampage must have been a scary thing to behold: a destructive, reflexive reaction to bad news. But viewed another way, 50 Cent's meltdown here last month also exists as an extreme demonstration of his commitment to excellence.
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
The plan would boost financial aid to students, reduce interest payments on their loans and slash subsidies to lenders.
-- Congress on Friday approved the largest overhaul of education funding in more than 60 years, a $20.9-billion program that would boost financial aid to students and reduce interest payments on their loans.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
-- Congress on Friday approved the largest overhaul of education funding in more than 60 years, a $20.9-billion program that would boost financial aid to students and reduce interest payments on their loans.
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
NU in talks to reuse Lake Shore building
The Chicago developer who has a contract to buy the former Lake Shore Athletic Club from Northwestern University and tear it down to erect luxury condominiums has temporarily shelved his plans, while the university has opened talks with other developers who propose reusing the venerable building, both parties said Thursday.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
The Chicago developer who has a contract to buy the former Lake Shore Athletic Club from Northwestern University and tear it down to erect luxury condominiums has temporarily shelved his plans, while the university has opened talks with other developers who propose reusing the venerable building, both parties said Thursday.
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Employers sliced payrolls by 4,000 in August, the first drop in four years, a stark sign that a painful credit crunch that has unnerved Wall Street is putting a strain on the national economy.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Countrywide Financial Corp. is expected to announce plans to reduce its workforce over the next three months by 10,000 to 12,000 jobs, representing as much as 20 percent of the current total, according to a report in the The Wall Street Journal.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and "coercive and abusive tactics" to win a conviction, including threatening witnesses.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
While Motorola had no new phones to unveil here today -- as it usually does at its annual analysts meeting -- the company's new mobile phone chief hinted at big things to come beginning next month.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
A surprise decline in the number of US jobs provided new evidence that the world's largest economy is slowing, as the effects of falling house prices and a crisis in the global financial markets begin to bleed into the rest of the real economy.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
The activist investor calling for a shake-up at HSBC is claiming the bank's chairman, Stephen Green, agreed with most of its criticisms.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Eliot Spitzer's successor as attorney general of New York is to emulate his predecessor's dogged pursuit of malfeasance on Wall Street, with an investigation of the credit rating agencies' role in inflating the bubble in the debt markets.
Data: Sep 8, 2007 Accesari: 1 Voturi: 0
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Data: Sep 8, 2007 Accesari: 1 Voturi: 0
The House of Commons' powerful Treasury Select Committee is poised to quiz Barclays' Bob Diamond and other leading bankers in the coming months in a wide-ranging inquiry into the credit crisis.
Data: Sep 8, 2007 Accesari: 1 Voturi: 0
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Data: Sep 8, 2007 Accesari: 1 Voturi: 0
The value of assets managed by Candover rose sharply after a string of exits from its portfolio of companies, the buy-out firm said yesterday.
Data: Sep 8, 2007 Accesari: 0 Voturi: 0
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Data: Sep 8, 2007 Accesari: 0 Voturi: 0
Companies whose shares are expected to see active trading in Monday's session are Take-Two Interactive Software Inc., Shuffle Master Inc. and Countrywide Financial Corp.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
This week, investors will be wrestling with predicting the Fed's next move and deciding how drastic that next move should be.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
The move comes after three separate recalls of Mattel toys were found to contain unsafe levels of lead paint.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Fresh off negotiating a landmark deal for the creators of South Park, lawyer Kevin Morris is trying to build bridges between Hollywood and Silicon Valley.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
In its latest online push, Warner Brothers plans to introduce 24 Web productions in a range of formats including minimovies, games and episodic television shows.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
With Korean companies like Hyundai and Samsung now industry giants, Hyung Rae Shim, a film producer based in Seoul, wants to pull off a similar feat with his film “Dragon Wars.”
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
The international media giant Reed Elsevier hopes to pep up its lackluster medical publishing unit by giving away the latest articles from 100 of its own medical journals on the Internet.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Sony, Toshiba disc formats still vying for studios, retailers
Raging in the backrooms of Hollywood this summer has been a battle that will play out in the aisles of Wal-Mart and Target.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Raging in the backrooms of Hollywood this summer has been a battle that will play out in the aisles of Wal-Mart and Target.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Mark Pincus may hold a winning hand with his latest Internet venture.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Credit woes hit commercial real estate market
The global credit crunch that has rattled financial markets the last few weeks is finally reaching the vast commercial real estate investment and development industry.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
The global credit crunch that has rattled financial markets the last few weeks is finally reaching the vast commercial real estate investment and development industry.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
California and 11 other states weigh laws that bar chatting and texting behind the wheel.
-- Narin Leininger knows about the risks of talking on a cellphone or sending text messages while driving. The 16-year-old high school junior says he would use his phone behind the wheel only in an emergency -- a flat tire, traffic jam or crash.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
-- Narin Leininger knows about the risks of talking on a cellphone or sending text messages while driving. The 16-year-old high school junior says he would use his phone behind the wheel only in an emergency -- a flat tire, traffic jam or crash.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
An FDA panel is set to weigh restrictions on its popular anemia drugs. Meanwhile, it's fighting a patent case in court.
It's been a brutal summer for Amgen Inc. -- and the heat goes on.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
It's been a brutal summer for Amgen Inc. -- and the heat goes on.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
The once-hot real estate market in this gambler's paradise cooled dramatically in the past year, forcing many to toss in their chips
The upscale San Niccolo neighborhood to the south of this city's bustling Strip once offered the real estate equivalent of the town's loosest slots.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
The upscale San Niccolo neighborhood to the south of this city's bustling Strip once offered the real estate equivalent of the town's loosest slots.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
A few interesting things were overlooked last week amid the uproar over the iPhone's sudden price cut: Apple Inc.'s new line of iPods.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
206. The Corn Supremacy
Over thousands of years, it has gone from humble weed to worldwide staple, alternative fuel and now potential medicine. But as the crop's value has grown, so has its challenges.
For the aging farmer on the hillside, the motions of planting are rote, timeless, almost mechanical, yet as human as the need to lay down roots, to experiment, to multiply. His thick hands never stop moving, even as he segues from grumbling about the government to chuckling at his own saucy jokes to fumbling through the names of his 22 children. Perched on the steep slope of his field, Jesus Garcia grips the sweat-shined shaft of his planting pole, called a barreton, and drives its rusty iron-tipped blade into the dirt. Then he levers the pole away from him, opening a divot in the earth. With two quick sweeps of his hand, he skims two kernels of corn from the tin can tied to his waist and aims them downward in an arc off the back of the blade. From there, they slide neatly and perfectly into the hole.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
For the aging farmer on the hillside, the motions of planting are rote, timeless, almost mechanical, yet as human as the need to lay down roots, to experiment, to multiply. His thick hands never stop moving, even as he segues from grumbling about the government to chuckling at his own saucy jokes to fumbling through the names of his 22 children. Perched on the steep slope of his field, Jesus Garcia grips the sweat-shined shaft of his planting pole, called a barreton, and drives its rusty iron-tipped blade into the dirt. Then he levers the pole away from him, opening a divot in the earth. With two quick sweeps of his hand, he skims two kernels of corn from the tin can tied to his waist and aims them downward in an arc off the back of the blade. From there, they slide neatly and perfectly into the hole.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
The Western thriller "3:10 to Yuma" opened as the top film at theaters in the U.S. and Canada, taking in $14.1 million in ticket sales for distributor Lions Gate Entertainment Corp.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Analysts expect prices in the U.S. to creep up as safety standards are reevaluated. Buyers and retailers may share the impact.
SHANGHAI — Get ready for a new Chinese export: higher prices.
Data: Sep 10, 2007 Accesari: 0 Voturi: 0
SHANGHAI — Get ready for a new Chinese export: higher prices.
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Data: Sep 10, 2007 Accesari: 0 Voturi: 0
Consumers are spending more on credit cards and taking out fewer loans. Borrowing has slowed, due to home equity lines becoming increasingly unavailable. Consumer credit rose in July.
Data: Sep 11, 2007 Accesari: 0 Voturi: 0
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Data: Sep 11, 2007 Accesari: 0 Voturi: 0
Don't make poor choices within a lousy 401(k) plan, you can make the best of your situation.
Data: Sep 11, 2007 Accesari: 0 Voturi: 0
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Data: Sep 11, 2007 Accesari: 0 Voturi: 0
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