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Monthly Archive August, 2008

Progress Energy seeks 31% rate hike in Florida

August 29, 2008

Progress Energy is looking to raise rates by 31 percent in Florida to deal with rising fuel prices, environmental improvements and planning for additional carbon-free […]

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2 million troubled borrowers avoid foreclosure

Hope Now has helped more than 2 million at-risk borrowers stay in their homes during the past 13 months, according to numbers released by […]

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Bernanke, Buiter, Draghi Diverge on How to Forestall Crises

August 25, 2008

One year into the financial crisis, central bankers and scholars at the Federal Reserve's annual retreat this weekend couldn't agree on how to prevent […]

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Gold Bulls `Running for Cover

August 20, 2008

Gold, down 21 percent from a record $1,033.90 an ounce in March, may be headed down after open interest in New York futures contracts […]

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Demand for U.K. Rental Homes Gains at Fastest Pace in a Decade

August 19, 2008

Demand for rental homes in the U.K. climbed in the second quarter at the fastest pace in at least a decade as a slump […]

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N.H. accuses UBS of misleading student lender

August 18, 2008

New Hampshire securities regulators on Thursday accused banking giant UBS of defrauding the state’s leading issuer of student loans.
In a civil complaint, the Bureau […]

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The next wave of mortgage defaults

August 14, 2008

Prime mortgages are starting to default at disturbingly high rates - a development that threatens to slow any potential housing recovery.
The delinquency rate for […]

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One Third of New Owners Owe More Than House Is Worth

August 13, 2008

Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth, according […]

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Money Market `Plagued

August 8, 2008

A year after central banks started to pump trillions of dollars into the financial system to end a seizure in credit markets caused by […]

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Rojo Saves Spain From Worse Pain as Defaults, Jobless Surge

In Spain, unemployment is rising, the housing industry has collapsed and the finance minister says the near future may include “zero growth.''
It could […]

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