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Wall Street Wizardry Reworks Mortgages A new wave of repackaged mortgage investments, 're-remics,' are emerging as banks and insurers seek to make soured securities look better. Real Estate JournalNerves push Wall Street shares lower US stocks closed lower today as investors grew nervous about a slew of economic data set to be released later this week. The AustralianWall Street`s New Magic: The `Re-Remic` A new wave of financial alchemy is emerging as banks and insurers seek to make soured securities look better. Regulators are pushing back. Real Estate JournalWall Street`s New Magic: `Re-Remic` A new wave of financial alchemy is emerging as banks and insurers seek to make soured securities look better. Regulators are pushing back. Wall Street JournalStocks struggle at quarter end Stocks inched lower Wednesday, following weaker-than-expected readings on manufacturing and the labor market. But the declines were minimal at the end of an upbeat month and quarter on Wall Street. CNNWall Street sags on Chicago PMI, but Q3 ends strong NEW YORK (Reuters) - Stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses. ReutersHershey stymied in Cadbury bid efforts -- WSJ NEW YORK, Sept 30 (Reuters) - Hershey Co 'remains stymied' in its ability to assemble a takeover offer for Cadbury Plc , leaving Kraft Food Inc as the sole bidder for the British confectioner, The Wall Street Journal reported on Wednesday. ReutersDollar falls despite struggling stocks The dollar fell against the euro and the yen Wednesday despite downbeat economic data that sparked a selloff on Wall Street. CNNStocks In Mexico, Brazil Retreat From Highs (MarketWatch) -Mexican and Brazilian equities continued their backtracking from multi-month highs on Thursday, with investors driving down equities regionally and on Wall Street after a unexpected d... bignewsnetwork.comArchdiocese of Miami faces another mold lawsuit A class-action lawsuit claims St. Andrews, the Archdiocese and Catholic Health Services knew units in the five-story complex at 2700 NW 99th Ave., had mold and in some cases tried to paint over them. This is the second time the attorney in the case, Daniel Norton, has sued St. Andrews over mold. The first case, in 2002, was settled with a confidentiality agreement. The latest suit claims the complex, occupied by low-income elderly residents, ''should have remediated the problems before recruiting people to reside in these units with impaired indoor air quality.'' Norton said he's not sure how many of the 432 units have mold issues because the Archdiocese ''concealed and misrepresented the true nature of the environmental conditions.'' He said he is seeking unspecified damages to cover the tenant's expenses for medical costs and mental anguish, among other issues. katy's exposure Topix.net1 2 3 4 |
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