Capital One Down 40% In Q2
Friday, July 18, 2008 (426 reads)
Capital One Financial Corp., which operates a Capital One Bank branch in Branford, has reported a 40 percent drop in year-over-year earnings in the second quarter, to $452.9 million from $750.4 million last year.
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Freddie Mac Files With SEC; First Step To Capital
Friday, July 18, 2008 (119 reads)
Freddie Mac crossed a key hurdle Friday to raise capital needed to help it overcome increasing losses, after the Wall Street Journal reported the mortgage finance titan is considering selling as much as $10 billion in stock.
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U.S. Housing Starts, Permits Up In June
Thursday, July 17, 2008 (127 reads)
U.S. housing starts rose 9.1 percent while authorized building permits rose 11.6 percent in June compared to May, but both statistics still lagged considerably compared to June 2007, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
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Life, Health Insurers See Worst First Quarter In 15 Years
Thursday, July 17, 2008 (121 reads)
Profits of the nation’s life and health insurers plummeted $9.9 billion to a mere $542.6 million in the first quarter of 2008, a 95 percent decline from $10.4 billion in the same period a year ago, according to a report from industry watchdog TheStreet.com.
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MGIC Loses Almost $100 Million In Q2
Thursday, July 17, 2008 (108 reads)
Mortgage Guaranty Insurance Corp., the nation’s largest provider of mortgage insurance, has reported a net loss of $97.9 million in the second quarter.
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Fairfield County Office Vacancy Up In Q2
Wednesday, July 16, 2008 (158 reads)
Fairfield County saw a negative overall absorption of 227,734 square feet of office space in the second quarter, with an overall vacancy rate of 13.2 percent, according to Cushman & Wakefield.
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