Mortgage stress may return as bank rates surge
Mortgage stress may return as an economic issue, after Westpac raised home loan rates by almost twice as much as the RBA's cash rate rise.
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Finance News- Visa beats expectations with 3rd quarter profitNEW YORK (Reuters) - Visa Inc , the world's largest credit and debit card processing network, beat expectations with a quarterly profit of $716 million on Wednesday, as consumers resumed spending. […]
- Bright quarter seen for big media, but investors waryNEW YORK (Reuters) - U.S. media companies are set to report revenue increases of 5 to 15 percent as they issue earnings reports over the next two weeks -- the best the industry has looked in at least two years. […]
- Two Goldman lawsuits on Abacus placed on holdNEW YORK (Reuters) - A New York judge put two shareholder lawsuits against executives and directors of Goldman Sachs Group Inc on hold until progress is made on 16 other lawsuits related to a controversial debt transaction involving the Wall Street bank. […]
- Buffett's Dairy Queen chilly on frozen yogurt lawsuitNEW YORK (Reuters) - It's a case that has left Warren Buffett's Dairy Queen business cold. […]
- Boeing quarterly profit falls, but beats forecastCHICAGO (Reuters) - Boeing Co reported a higher-than-expected quarterly net profit on Wednesday, but the results were down from a year earlier on fewer airplane deliveries. […]
- Sprint loss widens, but subscriber numbers beatNEW YORK (Reuters) - Sprint Nextel reported a wider quarterly loss on Wednesday, but fewer monthly bill-paying customers left the company than analysts had expected, sending its shares up nearly 8 percent. […]
- Visa beats expectations with 3rd quarter profit
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