Finance Info Blog Mortgage and Financial information

30Sep/130

What to do with $1,000 now!

After 5 years of self-imposed austerity, now is the time to think about upgrading rather than cutting back. When it comes to home, travel, finances, or your career, the key is still to find the best value for your money.

CNNMoney.com

30Sep/130

Calpers joins opposition to Richmond, California’s mortgage plan

SAN FRANCISCO - As Richmond, California, moves forward with a plan to help struggling homeowners by using its power of eminent domain to seize underwater mortgages, the list of opponents is growing -- and now includes the pension fund for many of the very same city workers pushing the plan.

reuters.com

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30Sep/130

Tokyo Electric set to receive $5.9 billion financing in October, December

TOKYO - Creditors of Tokyo Electric Power Co are set to provide some $5.9 billion in financing to the embattled utility by the end of the year, offering a lifeline to the company struggling to contain the disaster at its crippled Fukushima facility, a person involved in the talks told Reuters on Monday.

reuters.com

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29Sep/130

NZ PM Key sees lower asset sale proceeds, no Solid Energy sale

WELLINGTON - New Zealand Prime Minister John Key said on Monday he expected proceeds from the sale of state-owned assets would be near the low-end of the expected range of NZ$5 billion-NZ$7 billion ($4.13 billion-$5.78 billion) due in part because the troubled coal miner Solid Energy would not be coming to the market.

reuters.com

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27Sep/130

Special Report: Pimco shook hands with the Fed – and made a killing

NEW YORK - Through the second half of 2011, debate raged in financial markets over whether the U.S. Federal Reserve would embark on a third round of massive bond purchases, known as "quantitative easing," to shore up an anemic economy. Pacific Investment Management Co wasn't waiting to find out.

reuters.com

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27Sep/130

Fed needs better way to signal policy, officials say

FRANKFURT/STOCKHOLM/HOUGHTON, Michigan - The Federal Reserve confused financial markets over scaling back its bond buying, four top officials said on Thursday, with one arguing the central bank should link tapering to drops in the jobless rate and another calling for a broad remake of strategy.

reuters.com

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26Sep/130

Trend-following hedge funds, puzzled by Fed, see third down year

NEW YORK - Long-term trend following funds are headed for a third straight year of losses unless the underlying commodity and financial markets they trade settle into a more predictable pattern, which does not seem likely given the Federal Reserve's mixed signals on the U.S. economic stimulus.

reuters.com

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26Sep/130

Fed needs better way to signal policy, officials say

FRANKFURT/STOCKHOLM/HOUGHTON, Michigan - The Federal Reserve confused financial markets over scaling back its bond buying, three top officials said on Thursday, with one arguing the central bank should link tapering to drops in the jobless rate and another calling for a broad remake of strategy.

reuters.com

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26Sep/130

Exclusive: Petrobras, IBV wells show major new oil find in Brazil

RIO DE JANEIRO - A drilling campaign off Brazil's northeastern coast shows that an area controlled by Petrobras and an Indian partner likely holds more than a billion barrels of oil, government and industry officials told Reuters, bolstering hopes that the region will soon become the country's biggest new oil frontier.

reuters.com

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26Sep/130

JPMorgan CEO meeting with U.S.attorney general – sources

- JPMorgan Chase & Co CEO Jamie Dimon was meeting Thursday morning with U.S. Attorney General Eric Holder as the nation's biggest bank attempts to end federal and state investigations into its liability for selling shoddy mortgage securities, according to two people familiar with the matter.

reuters.com

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