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U.S. markets mixed before holiday NEW YORK, July 3 (UPI) -- U.S. stock markets closed with mixed results Thursday after the European Central Bank raised its key lending rate to 4.25 percent. The dollar gained strength against the euro, in spite of the central bank's interest rate hike, which the bank hopes will slow inflation in the Eurozone. The Dow Jones industrial average gained modestly before...
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The CIT Group said Tuesday that it had agreed to sell nearly $10 billion of mortgage assets in a deal that would remove problem loans from its balance sheet. Its shares rose almost 30 percent. "This was an albatross around their neck and they're cutting it loose," said David Chiaverini, an analyst at BMO Capital Markets.But broader questions remain about how the company will finance its operations...
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Posted By BY WAYNE CAMPBELL TRIBUNE STAFFIt began something like this. "Honey, can I buy a horse?" asked Brenda, a longtime rider. "But dear, we live in an apartment. Where would we keep it?" replies Rob, who knew nothing about horses. "In a boarding stable, of course," said Brenda. "What's that?" asked Rob. The Langendoens started with that one horse about a...