Archive for May, 2010

Fitch Affirms CSFB 2004-C2; Assigns Loss Severity Ratings

NEW YORK—-Fitch Ratings affirms Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2004-C2, assigns Loss Severity Ratings, and revises Rating Outlooks as indicated:

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Factory orders, new homes sales rise in April

Sales of new single-family homes also rise 14.8 percent

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Factory orders and new home sales rise in April

Orders for large manufactured goods rose sharply last month while sales of new homes surged with help from government incentives, giving the economic recovery a jolt in April.

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Financial Stocks: Bank investors stay bullish after snap-back rally

The U.S. financial sector rose Wednesday, building on the rally from the previous session on expectations financial reform won’t require banks to spin off their derivatives businesses.

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Canadian Banks Gain on Insurers as Markets Tumble

Investors in Canadian financial stocks are favoring banks over insurers more than at any other time in 22 years, rewarding lenders for avoiding the worst of the credit crisis and punishing insurers for their U.S. losses.

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U.S. new home sales surge

Sales of single-family homes jumps nearly 15 per cent

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Consumer confidence outshines outlook

NEW YORK–Americans are feeling better about their job prospects, pushing consumer confidence higher this month. But signs that shoppers are slowing their spending as stocks fall could pose a roadblock on the path to recovery.

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Risk Appetite Returns to Market; But for How Long?

The impressive rebound in the currency market on Tuesday saw most of the major currencies recouping all of their early losses and closing back by opening levels.

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