financial [52]

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Countrywide Financial's credit woes force it to borrow billions

Thu, 16 Aug 2007 17:29:00 -0400 | CANOE Money

LOS ANGELES (AP) - The credit mess forced Countrywide Financial Corp., the largest U.S. mortgage lender, to borrow US$11.5 billion on Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get.

Countrywide Financial Struggles Under Credit Woes

Thu, 16 Aug 2007 16:39:00 EDT | NPR News Headlines

The largest U.S. mortgage lender has tapped into an $11.5 billion line of credit to bolster its liquidity. Observers worry about whether Countrywide Financial Corp. can raise enough capital to operate and survive turmoil in the credit markets.

Countrywide taps credit line for cash

| Findory News

Yahoo News: AP - The credit mess forced Countrywide Financial Corp., the nation's largest mortgage lender, to borrow $11.5 billion on Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to make home loans harder to get.

Dell to Restate Years' Worth of Financial Results

Fri, 17 Aug 2007 06:00:00 EDT | NPR News Headlines

Computer maker Dell will have to restate more than four years of financial results. An investigation found that accounting tricks were used to meet performance targets. The restatement will cut reported profit by as much as $150 million.

Motilal Oswal Fin to add 300 offices by `09

Fri, 17 Aug 2007 15:30:04 GMT | Business Standard

Mumbai-based non-banking financial company, Motilal Oswal Financial Services Limited (MOFSL), is planning to add around 300 offices across the country by 2009 financial year. ??

Fed Action Focused on Financial System (AP)

Fri, 17 Aug 2007 19:53:09 GMT | Yahoo! Finance

Whatever signals policy makers may have sent about their future policy intention, the Federal Reserve's actions Friday had a more immediate goal in mind: getting the financial system back on its feet.

Car columnist helps fix financial mistakes

Sat, 18 Aug 2007 05:00:00 GMT | Bankrate.com

A reader thanks Bankrate car expert Terry Jackson for helping get her financial house in order.

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