Mortgage and Financial News From 2008-5-16 Page 8

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• Berkshire Income Realty Announces First Quarter FFO of $1,775,535 (wallstreet:online AG)

  Berkshire Income Realty, Inc. (AMEX: BIR_pa), (AMEX: BIRPRA), (AMEX: BIR-A), (AMEX: BIR.PR.A) ("Berkshire"
  2008-05-15 02:34:00

• Pacific Office Properties Announces First Quarter Results (Business Wire via Yahoo! Finance)

  LOS ANGELES----Pacific Office Properties Trust, Inc. , the West Coast office building REIT, today announced its financial results for the period from March 20, 2008 through March 31, 2008.
  2008-05-15 03:58:00

• Making positive points on credit scores (Anchorage Daily News)

  As time goes on, our credit scores increasingly affect our ability to make major purchases. In times past, you couldn't buy a car or house with bad credit. However, with good credit you typically got the same rate as everyone else. That has all changed.
  2008-05-16 02:31:21

• Polish April CPI at 4.0 pct, rates seen on hold - Guardian Unlimited

  WARSAW, May 14 (Reuters) - Polish inflation rose in line with market expectations in April, data showed on Wednesday, and analysts said they expected the central bank to refrain from raising interest rates at the end of this month. The statistics ...
  2008-05-14 07:22:00

• Australia's dollar seen as outshining New Zealand's - International Herald Tribune

  WELLINGTON : Investors expect the New Zealand dollar could soon lose its position as the currency with the industrialized world's highest interest rates and are already shifting to its likely successor - the Australian dollar. Investors are already ...
  2008-05-14 05:35:00

• DKK: Interest rate increase - FXStreet.com

  • Danmarks Nationalbank (DN) has with effect from 16 May decided to raise the lending rate and the interest rate for certificates of deposits to 4.35% from 4.25%. The discount rate and the interest rate on banks' current accounts with DN remain ...
  2008-05-16 05:18:00

• CPI target to 'crucify' consumers - BBC News

  Peter Spencer from the influential Ernst & Young Item Club is urging ministers to change the 2% inflation target used by the Bank of England. He warned that interest rates would have to stay at 5% if inflation is to be brought down to 2%. He added ...
  2008-05-16 05:11:00

• Liebscher Signals ECB May Keep Interest Rates on Hold (Update1) - Bloomberg

  May 16 (Bloomberg) -- European Central Bank Governing Council member Klaus Liebscher signaled the bank may leave interest rates at a six-year high this year to curb inflation as the economy continues to expand. ``The current monetary policy stance is ...
  2008-05-16 03:52:00

• Vital Signs: Recession Fears Abate (BusinessWeek Online via Yahoo! UK & Ireland Finance)

  On deck: April reports on leading indicators, producer prices, and existing home sales, plus March home prices and minutes from the Feds last meeting
  2008-05-16 05:25:29

• BMHC Announces Closure of Facilities in Merced and Bakersfield (PR Newswire via Yahoo! Finance)

  Building Materials Holding Corporation , a leading provider of building materials and construction services to professional residential builders and contractors, today announced that its wholly-owned subsidiary BMC West will close its millwork and building materials distribution facilities in Merced and Bakersfield, California.
  2008-05-16 05:30:00

• China Infrastructure Investment Corporation Reports Nine Month and Third Quarter Results (Marketwire via Yahoo! Finance)

  China Infrastructure Investment Corporation, an emerging infrastructure development and service company operating in The People's Republic of China, reported today that its fiscal third quarter revenues -- generated by its toll road operations on the Pingling Expressway in Henan Province -- rose 18% to $11,630,749, compared with $9,857,195 in the year earlier three month period ending March 31, ...
  2008-05-16 05:30:00

• Led by Germany, a Strong Quarter for Europe (NYTimes.com via Yahoo! Finance)

  The German economy grew 1.5 percent in the first quarter of this year, delivering its best performance in over a decade. The euro zone grew 0.7 percent during the period.
  2008-05-16 05:37:23

• Pacific Energy Resources Ltd Announces Record First Quarter Revenue of $60.3 million (n-tv.de)

  PACIFIC ENERGY RESOURCES LTD. 111 West Ocean Blvd, Suite 1240 Long Beach, California 90802 Telephone: (562) 628-1526; Fax: (562) 628-1529 Long Beach, California, May 16, 2008 - Pacific Energy Resources Ltd.
  2008-05-16 05:43:41

• REU to pay $6.9 million auction-rate bond penalty (The Record Searchlight)

  Redding Electric Utility will shell out $6.9 million to escape an auction-rate bond market gone bad in the recent subprime mortgage-related credit crunch.
  2008-05-16 05:46:00

• Comverse Technology Announces Final Results of Tender Offer for Its Zero Yield Puttable Securities (ZYPS(SM)) Due May ... (Centre Daily Times)

  Comverse Technology, Inc. (Pink Sheets: CMVT.PK) today announced the final results of its previously announced cash tender offer (the "Offer") for all of its outstanding Zero Yield Puttable Securities (ZYPS(SM)) Due May 15, 2023 (CUSIP Nos. 205862AK1 and 205862AL9) (the "Old ZYPS") and New Zero Yield Puttable Securities (ZYPS(SM)) due May 15, 2023 (CUSIP No. 205862AM7) (the "New ZYPS", and ...
  2008-05-16 05:48:44

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