http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 28 Aug 2008 7:49:45 CDThttp://www.newser.com/story/35845/home-sales-up-in-july-market-glut-begins-to-ease.html?refid=rss_all_defaultNew home sales rebounded a bit in July, according to Commerce Department data released today, and the glut of properties on the market began to ease, Bloomberg reports. The 2.4% uptick in sales fell short of the pace economists were looking for—hitting a 515,000 annual pace rather than 525,000—but the inventory of unsold homes fell 5.2%, the biggest drop in 45 years, to a 416,000 pace.http://www.newser.com/story/35845/home-sales-up-in-july-market-glut-begins-to-ease.html?refid=rss_all_defaultTue, 26 Aug 2008 8:58:14 CDThttp://www.newser.com/story/35640/world-economy-falls-with-us.html?refid=rss_all_defaultGone is the hope that the global economy will stay strong as America's financial fortunes flag. The world’s largest economies are showing signs of a slowdown, the New York Times reports. Japan, Germany, France, Italy, Spain, the UK, even famously fast-growing India and China are all taking a hit. Global growth overall will slow to 4.1% from 5% last year, the International Monetary Fund predicts.http://www.newser.com/story/35640/world-economy-falls-with-us.html?refid=rss_all_defaultSat, 23 Aug 2008 19:01:10 CDThttp://www.newser.com/story/35450/downswing-not-hurting-pricey-golf-retreats.html?refid=rss_all_defaultAs the recession puts a damper on luxury spending throughout the country, the nation’s toniest golf clubs—catering to a clientele at the heart of the credit tumult—are flourishing, Portfolio finds. Even with initiation fees approaching $1 million, Wall Street’s clubs of choice are brushing off the downturn even as courses elsewhere in the US are facing hard times.http://www.newser.com/story/35450/downswing-not-hurting-pricey-golf-retreats.html?refid=rss_all_defaultThu, 21 Aug 2008 14:46:13 CDThttp://www.newser.com/story/35439/secret-lehman-sale-talks-fail.html?refid=rss_all_defaultSecret talks earlier this month to sell up to half of struggling US investment bank Lehman Brothers to South Korean or Chinese buyers fell apart after last-minutes squabbles over details, the Financial Times reports. The bank, which is expected to announce up to $4 billion in writedowns next month, was said to be asking 50% above its book value.http://www.newser.com/story/35439/secret-lehman-sale-talks-fail.html?refid=rss_all_defaultThu, 21 Aug 2008 9:24:09 CDThttp://www.newser.com/story/35313/us-slowdown-hits-indias-it-sector-hard.html?refid=rss_all_defaultThe credit crunch that has shifted the US economy into neutral has slowed the growth of India’s tech sector, which once boasted growth rates of 40% in the overall strong economy, the Wall Street Journal reports. The slowdown comes as the sector faces increasing competition from abroad and rising labor costs at home, and a weak dollar eating into profit margins.http://www.newser.com/story/35313/us-slowdown-hits-indias-it-sector-hard.html?refid=rss_all_defaultWed, 20 Aug 2008 5:43:41 CDThttp://www.newser.com/story/35334/pressure-mounts-for-a-freddie-fannie-bailout.html?refid=rss_all_defaultA federal bailout for Fannie Mae and Freddie Mac looks more likely every day, both the Wall Street Journal and the New York Times report, as the mortgage giants find it increasingly difficult to borrow and their stock continues to take a pounding. Freddie was able to auction $3 billion in debt yesterday, but at unusually hefty interest rates, which in turn could be passed on to borrowers.http://www.newser.com/story/35334/pressure-mounts-for-a-freddie-fannie-bailout.html?refid=rss_all_defaultWed, 20 Aug 2008 6:28:10 CDThttp://www.newser.com/story/35243/lehman-shops-key-unit-in-quest-for-cash.html?refid=rss_all_defaultLehman Brothers is shopping a piece of its investment management unit, the Wall Street Journal reports, joining other large banks in shedding strong-performing businesses to offset mortgage meltdown losses. Lehman’s management business, which includes Neuberger Berman and hosts 27 mutual funds managing $22 billion in individual and institutional wealth, has been a rare bright spot for the company.http://www.newser.com/story/35243/lehman-shops-key-unit-in-quest-for-cash.html?refid=rss_all_defaultTue, 19 Aug 2008 8:08:05 CDThttp://www.newser.com/story/35236/fannie-freddie-take-another-beating-on-bailout-fears.html?refid=rss_all_defaultShare prices of Fannie Mae and Freddie Mac took another precipitous plunge yesterday as investors fear the home mortgage giants will not be able to avoid a government bailout, the Wall Street Journal reports. An article in Barron’s stoked smoldering concerns that the companies will not be able to raise more capital by selling shares and that a Treasury bailout will render existing shares worthless.http://www.newser.com/story/35236/fannie-freddie-take-another-beating-on-bailout-fears.html?refid=rss_all_defaultTue, 19 Aug 2008 7:08:27 CDThttp://www.newser.com/story/35112/feel-good-again-about-your-pricey-house.html?refid=rss_all_defaultBought an expensive house right before the subprime crash? Fret not, writes Chris Ayres in the Los Angeles Times . With 5% inflation, lower interest rates, and a mortgage tax deduction, buyers of pricey houses will be smiling in 10 years. "If you're a boom-time buyer who can still pay the mortgage, you have more than you think to feel happy about," writes Ayres.http://www.newser.com/story/35112/feel-good-again-about-your-pricey-house.html?refid=rss_all_defaultSun, 17 Aug 2008 17:12:47 CDT