Posted by Financial Service News on August 25th, 2008
A former senior analyst for Countrywide Home Loans and another man have pleaded not guilty in an alleged scam to download and sell customer data from the mortgage lender.
Ex-Countrywide employee Rene L. Rebollo Jr. of Pasadena and Wahid Siddiqi of Thousand Oaks entered their pleas Monday in U.S. District Court in Los Angeles.
Rebollo could face five years in federal prison if convicted on charges of unauthorized access to Countrywide's computers. Siddiqi could face 15 years if convicted of fraud.
Posted by Financial Market News on August 25th, 2008
Shares of Fannie Mae and Freddie Mac soared Monday after Freddie completed a US$2-billion debt sale and a Wall Street analyst said a government bailout of the mortgage finance giants may not be inevitable.
Posted by Financial Service News on August 25th, 2008
The student textbook market will soon welcome another newcomer to the market in the form of a revamped Amazon Kindle, according to McAdams Wright Ragen analyst Tim Bueneman.
Posted by Financial Market News on August 25th, 2008
U.S. stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies.
Posted by Financial Service News on August 25th, 2008
Stocks sank in thin trading Monday as worries about the credit ratings of American International Group Inc.
Posted by Financial Market News on August 25th, 2008
Stocks are opening lower as investors await a reading on existing home sales and examine oil prices.
Monday's report on housing is due at 10 a.m. EDT. Wall Street is also examining oil after crude's decline of more than $6 a barrel Friday prompted a stock market rally.
The Dow Jones industrial average is down 85 at the 11,543 level.
Posted by Financial Service News on August 25th, 2008
Analysis by Bolko Hohaus of Lombard Odier Darier Hentsch
Posted by Financial Market News on August 25th, 2008
The benchmark Nikkei 225 index rose 212.62 points, or 1.68 percent, to 12,878.66. The broader Topix index advanced 1.88 percent to 1,239.25. Bargain-hunting investors boosted shares in nearly all sectors, with ...
Posted by Financial Service News on August 25th, 2008
Erin O'Brien and her friends are do-it-yourself investors. As part of an online community at the brokerage Zecco, they consult each other on terminology, tax law and investment philosophy.
Posted by Financial Market News on August 25th, 2008
The U.S. dollar rose broadly on Monday, hitting a two-year high against sterling, with a downtrend in commodity prices intact, leaving investors scurrying to buy back the currency and sparking a rebound in ...
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