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Credit Management
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- One in five U.S. mortgage-holders underwater (The Globe and Mail)
NEW YORK — Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows. www.globeinvestor.com
- Regulators Close 17th Bank This Year (New York Times)
Regulators on Friday shut down Freedom Bank , a small bank located in Bradenton, Fla. It was the 17th failure this year of a federally insured bank, The Associated Press said. dealbook.blogs.nytimes.com
- Allied Healthcare Net Income Increases (PR Newswire via Yahoo! Finance)
Allied Healthcare Products Inc. reported that its net income for the first quarter ending September 30 increased 139 percent, from about $87,000 last year, or about 1 cent per share, to about $208,000 in the current quarter, or about 3 cents per share, primarily on increased sales. biz.yahoo.com
- Schwarzenegger calls for sales tax hike, cuts in services - Los Angeles Times
Gov. Arnold Schwarzenegger is seen outside his Capitol office in Sacramento, Calif. last Monday. His proposals for dealing with a $24-billion shortfall will be unveiled today. The governor's plan to deal with a budget shortfall would raise the tax by ... www.latimes.com
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