Items Tagged with 'Bloomberg Television'

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  • Initial Jobless Claims Ease; Continuing Claims Surge

    A slight breath of fresh air for the labor market, as first-time applications for state unemployment benefits eased 12,000 to a seasonally-adjusted 646,000 in the week ending March 14, the Labor Department said Thursday. Nonetheless, the total number of Americans on the benefits roll after drawing at least one week of aid mounted to a record 5.47 million, indicating that job openings are few and far between as companies continue to cut costs.
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  • December Unemployment Clobbers Ailing Economy

    No miracles this holiday season for an already bleak job market, as U.S. private-sector firms shed 693,000 jobs in December alone, according to the ADP employment index released Wednesday -- the most since ADP Employer Services began its gauge based on payroll data in 2001.
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  • At Lehman, the Good, Bad -- and Ugly

    Lehman Brothers [stock LEH][/stock] said Wednesday morning that it expects to lose $3.9 billion in the third quarter, a loss of $5.92 per share, the largest quarterly loss in company history. Driving the loss are $5.6 billion in net write-downs on residential mortgage and commercial real estate positions, the company said in a press statement. That's the bad news.
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  • Richard Bitner on Bloomberg TV

    Bloomberg's Money & Politics featured HW's Richard Bitner on a panel discussing Wednesday's passage of a sweeping housing aid package by the House of Representatives. Note that he's sandwiched in as the independent, expert industry voice between a CRL rep and a spokesman from the MBA -- exactly what we think has been missing from the debate.
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  • Latest Miss: GE Blames Capital Markets for Earnings Woes

    So much for those earnings that GE CEO Jeffrey Immelt had said were "in the bag" just a few weeks ago -- in a stunning reversal that caught investors and analysts alike by surprise, General Electric Co. [stock GE][/stock] reported Friday its first decline in quarterly earnings since 2003 and cut its earnings forecast amid historic troubles in the capital and mortgage markets.
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  • In the Crosshairs: Bond Insurers

    Keeping up with the developments in the bond insurance side of the secondary market has been a trying task this past week, but an important one for anybody working in mortgage banking.
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