PPM Blog
The mortgage settlement: A borrower’s guide
The record $26 billion foreclosure-abuse settlement that states and the Obama administration reached last week with five big banks is supposed to help more than 1 million U.S. homeowners. Here are answers to borrower questions about eligibility and whom to [...]
Keystone delay refines profit opportunities
With construction of the Canada-to-Gulf oil pipeline in doubt, there are a number of opportunities in both the energy and transport sectors that now look attractive. Read More
Shanghai lifting some housing restrictions: report
HONG KONG (MarketWatch) — Shanghai will soon allow those without local residential permits to buy second homes if they’ve lived in the city for more than three years, marking a loosening of restrictions put in place slightly over a year [...]
France Telecom sees tough ’12, OKs midterm targets
– Says future dividend payout will be aligned with operating cash flow generation — Targets EUR8 billion operational cash flow in 2012 — Confirms medium-term targets (Updates with detail, background, comment, new share price.) France Telecom FTE.FR Wednesday posted a [...]
Partner Communications net off; may book charge
Partner Communications Co. PTNR warned it may take a fourth-quarter impairment charge on its fixed-line assets as it reviews current Internet-service-provider market conditions. The Israeli mobile-communications operator had said in November it was preparing for the changes in the telecommunication [...]
T-Mobile asks FCC to block Verizon deal
BOSTON (MarketWatch) — Deutsche Telekom AG’s T-Mobile USA unit has asked the Federal Communications Commission to block Verizon’s plan to buy certain wireless-spectrum assets from Comcast Corp. , Time Warner Cable Inc. , Bright House Networks, and Cox Communications, the [...]
Fitch lowers Wynn outlook to stable
Fitch Ratings lowered its outlook on Wynn Resorts Ltd. WYNN to stable from positive, the second ratings firm this week to revise its stance on the casino giant. Like fellow credit rater Standard & Poor’s Ratings Services, Fitch pointed to [...]
Audio: Radio update: A downer of a day for Dell
The latest money news from Ann Cates, including how consumer watchdogs are taking a look at bank overdraft fees. Read More
Argentina import crackdown targets services
BUENOS AIRES (MarketWatch) — Argentina will require residents to get government approval before offering or paying for offshore services that cost $100,000 or more, according to a resolution published Wednesday in the Official Bulletin. Read More
Australian mortgage standards remain high: RBA
SYDNEY (MarketWatch) — Mortgage lending standards in Australia are currently high, but vigilance must be maintained at all times, Luci Ellis, head of financial stability at the Reserve Bank of Australia said Thursday. Read More