Browsing: NewsWire

Often updated major headlines and interesting news for the world of business, financial markets, and other global economic & financial news.

Housing statistics for the state of California were released by the California Association of Realtors (CAR).

Bear Stearns announced an extra 800 cut in its mortgage employees. The overall number of redundancies has risen to 1,400 – 10% of previous year’s head count.

Despite the rumours yesterday that Deutsche Bank was going to report a massive loss, the bank came out this morning with a surprisingly good set of numbers.

Interesting piece of news… a Merrill Lynch trader, surely after taking a deep breath, thought if-not-now-then-when and sent out a mass email screaming out…the obvious!