| Citi drags stocks lower
The Dow Jones industrial average tumbled more than 100 points Monday after Citigroup shook up its management and announced further mortgage-related losses. The Dow Jones industrial index (Charts) slid about 0.8 percent with less than 2-1/2 hours left in the session. The broader S&P 500 index (Charts) and the tech-fueled Nasdaq (Charts) also were down about 0.8 percent. .
First Credit Correction Service Opens Its Doors For Business
Up to 79 percent of all credit reports contain inaccurate information. Odessa, Texas (Web.com/PRWEB ) November 18, 2007 -- First Credit Correction Service opens its doors for business. First Credit Correction Service Newsletter:
The general public may not be aware that one in four credit reports are so inaccurate that they are declined credit. Everything in today's world is based off credit reports. Things such as getting a mortgage, a car loan, a credit card, a bank loan or even an apartment lease to other things as small as getting a cell phone and in some cases, even employers will look at credit reports when deciding to give someone a job. Many times when a person has paid off a credit card or loan only to apply later in life for a new loan, the same item still shows a balance.
Guest column: Keep a kit ready for disaster survival and recovery
At 4:16 a.m. on Monday, Oct. 22, we were awakened by a reverse 911 call warning all residents to evacuate our neighborhood in Escondido, Calif. The view from our master bedroom deck confirmed that the wildfires posed a real threat. This would be the third time California wildfires caused us to evacuate. In 1996 and again in 2003, the process of getting ourselves and our pets out of the house and to safety was nothing short of chaotic. Our first experience in 1996 was viewed as an isolated event. But the catastrophic fires of 2003 told us it could happen again—and last month, it did! However, the difference between the events of 1996 and 2003 is we were prepared. Without hesitation, we immediately put our disaster plan in motion. Nothing was left to chance: within those 30 minutes, my wife and I — along with our 9-year-old grandson, three dogs, two cats, two rats and a parakeet along with several days' supply of water, people and pet food, and other survival gear — were headed out of harm's way on a predetermined escape route to the home of our daughter and son-in-law, 25 miles to the west.
Citigroup CEO Prince resigns, replaced as chairman by former Treasury Secy Rubin
Citigroup Inc. said Sunday Chairman and Chief Executive Charles Prince, beset by the company's billions of dollars in losses from investing in bad debt, has retired and is being replaced as chairman by former Treasury Secretary Robert Rubin. In an announcement following an emergency meeting of Citi's board, the nation's largest banking company also said Sir Win Bischoff, chairman of Citi Europe and a Member of the Citi management and operating committees, would serve as interim CEO. Rubin, a former co-chairman of Goldman, Sachs & Co., has served as the chair of Citi's executive committee. Prince's resignation, which was secured at an emergency meeting of the Citi board Sunday, was expected after the nation's largest banking company revealed it had to write down billions of dollars in bad debt.
Hattiesburg police seek bank robbery suspect
Hattiesburg police officers were dispatched around 4:10 p.m. today to the Central Sunbelt Federal Credit Union to investigate a bank robbery, canvassing the area at 1857 Lincoln Road in Hattiesburg.
The suspect, a white male, described as being in his late 20s or early 30s and wearing denim overalls, handed a note to the bank teller for an undisclosed amount of money.
Anyone with information should call Metro Crimestoppers at (601) 582-7867 or the Hattiesburg Police Department at (601) 544-7900.
Read more in Tuesday's Hattiesburg American. .
International Forecaster November 2007 (#4) - Gold, Silver, Economy + More
The following are some snippets from the most recent issue of the International Forecaster. For the full 27 page issue, please see subscription information below. THE INTERNATIONAL FORECASTER WEDNESDAY 111407(4)_IF P. O. Box 510518, Punta Gorda, FL 33951-0518 An international financial, economic, political and social commentary. Published and Edited by: Bob Chapman E-Mail Address: International_forecaster@yahoo.com CHECK OUT OUR WEBSITE www.theinternationalforecaster.com 1-YEAR $159.95 U.S. Funds US AND CANADIAN SUBSCRIBERS: Make check payable to Robert Chapman (NOT International Forecaster), and mail to P.O. Box 510518, Punta Gorda, FL 33951-0518. Please include name, address, telephone number and e-mail address.
Joyce Meyer Ministries is a target of GOP senator
Senate Finance Committee has launched a wide-ranging investigation into the financial dealings of six TV evangelists, including Joyce Meyer, the popular preacher who has built a $124-million-a-year empire headquartered in Fenton.
On Monday, Sen. Charles Grassley, R-Iowa, asked Meyer to provide his staff with documents detailing the finances of the Joyce Meyer Ministries, including the religious group's compensation to Meyer, her husband and other family members, as well as an accounting of their housing allowances, gifts and credit card statements for the last several years.
Many of the requests track information about the ministry revealed by the Post-Dispatch in a 2003 series.
In his five-page letter, Grassley also asked Meyer for: .
Business news in brief
RAIT Financial Trust, a Philadelphia finance company, said yesterday that it lost $243.59 million in the third quarter as credit-market turbulence battered some of its borrowers in the residential-mortgage and home-builder sectors and forced it to record impairments of $342.95 million. The loss amounted to $4.02 a share, and compared with a gain of 65 cents a share in the same period last year. RAIT nevertheless finished the quarter with $176.6 million of available cash, $441 million of restricted cash, and $81 million of unused capacity under commercial-bank facilities. Its shares closed up 53 cents, or 7 percent, yesterday at $8.04. - Harold BrubakerMerck says Gardasil protects women up to age 45 Merck & Co. Inc. presented a new study in China on Sunday showing that its vaccine against the human papilloma virus, Gardasil, protects women up to age 45 from cervical cancer and pre-cancerous lesions.
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