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Last updated: 20:09:38 Saturday Nov 14, 2009


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  • Countrywide ex-CEO Mozilo must face SEC fraud case
    NEW YORK/LOS ANGELES (Reuters) - A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading.   Nations:U.S.   Source:(Reuters)   2009-11-04

    Economic growth expected, but can it be sustained?
    WASHINGTON - The Great Recession may be over, but the recovery is just beginning - and it doesn't promise to be much easier.   Nations:U.S.   Activities:2008 U.S. Recession   2009-10-28

    German tax cut gamble meets wall of scepticism
    BERLIN (AFP) - Doubts grew on Monday over the viability of the new German government's choice to rely mostly on tax cuts to boost the ailing economy, a gamble that will send its immense national debt soaring even higher.   People:Nicolas Sarkozy Angela Merkel   Activities:2008 Germany Recession   Source:(AFP)   2009-10-26

    U.S. judge appoints trustee to run Thornburg Mortgage
    WILMINGTON, Delaware (Reuters) - A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered former executives were using staff and equipment to launch a start-up venture.   Source:(Reuters)   2009-10-26

    Subprime home mortgages back to pre-crisis levels: Fed
    WASHINGTON (AFP) - The market share of subprime US home mortgages, which caused the collapse of the housing market at the epicenter of the financial crisis, has returned to pre-crisis levels, a central bank report showed Monday.   Nations:U.S.   Activities:Global Financial Crisis   Source:(AFP)   2009-10-26

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