Archive for March, 2009

Porsche May Delay Plans to Increase VW Stake as Its Debts Mount

March 31 — Porsche SE may delay plans to expand its stake in Volkswagen AG as sales slide and debt mounts following the sports-car maker’s acquisition of a majority holding in Europe’s largest auto manufacturer. (8 mins ago)

Federal Home Loan Bank of Seattle Announces 2008 Financial Results

SEATTLE—-Today, the Federal Home Loan Bank of Seattle filed its 2008 Form 10-K with the Securities and Exchange Commission, which included its audited financial results for the year ending December 31, 2008. (10 secs ago)

Stars align with good rates and tax credit

The $787 billion stimulus bill that was signed into law last month included an $8,000 tax credit for first-time homebuyers. This is designed to stimulate the economy and revive the housing market, combined with incredibly low mortgage interest rates and a good supply of homes. (7 mins ago)

Simple Steps to Achieve a Better Credit Score

Americans are dealing with the credit crunch by keeping cash on hand. In the process, however, the average consumer is paying 2.6 bills late every month, according to the Western Union Payment Services Money Mindset Index. (19 mins ago)

Ask AP: Pitched baseball speeds, grocery prices

When fuel prices went way up last year, grocery prices did too, in part because it was more expensive to get the stuff from point A to point B. So why didn’t the recent plummet in fuel prices make groceries cheaper again? (5 mins ago)

Ahead of the Bell: SEC chief on Capitol Hill

The government’s top securities regulator will formally weigh in for the first time in Congress’ examination of oversight as lawmakers look to overhaul the nation’s financial rule book. (15 mins ago)

Strong Berlin real estate market bucks trend

BERLIN Though news of home sales continues, for the most part, to be gloomy, local Realtors say they are beginning to see some light. And, it’s not even the end of the tunnel. (28 mins ago)

UK consumer prices unexpectedly rise in February

The cost of living in Britain rose unexpectedly in February as higher prices for food and fuel and a weaker pound offset the deflationary effects of the economic crisis, official data showed Tuesday. (2 mins to go)

Thune: Mortgage plan ‘rewards bad behavior’

WASHINGTON — As a homeowner rescue bill heads to the Senate, where it is expected to spark a fiery debate between Democrats and Republicans, anxious homeowners facing foreclosure hope that a controversial provision remains in the legislation and helps them hang on to their homes. (1 min ago)

Short-sale industry emerges to negotiate difficult home sales and avoid foreclosure

Grand Rapids-area Realtors are using short sale services to avoid delays on bank offers. (13 mins ago)