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Monthly Archive May, 2008

U.S. Pending Home Sales Probably Fell Again in March

May 8, 2008

Fewer Americans probably signed contracts to buy previously owned homes in March for the second consecutive month as falling prices and tougher loan rules discouraged buyers, economists said before a report today.
The index of pending home resales fell 1 percent after a 1.9 percent drop in February, according to the median forecast in […]

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Brown Focuses on U.K. Economic Concerns After Election Defeat

May 6, 2008

Prime Minister Gordon Brown is set to begin to outline plans to win back British voters' support after his Labour Party suffered its worst local election losses in four decades.
While he blames the ballot-box setback on fallout from the U.S. housing slump, some allies say Brown's problems run deeper than the slowing economy. […]

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Fed

May 3, 2008

The Federal Reserve has auctioned $24.12 billion in super-safe Treasury securities to big investment firms, part of an ongoing effort to ease credit problems.
The auction - the sixth of its kind - was held Thursday and fetched bids slightly less than the $25 billion being made available. That small reduction could suggest that demand […]

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Deadline hampers Europe

May 1, 2008

Airbus is conducting a "major review" of its delivery schedule for the A380 superjumbo, the company’s chief executive said Tuesday.
Speaking at a company site in the United Arab Emirates, CEO Thomas Enders acknowledged that the goal of delivering four A380s per month by 2010 won’t be easy.
The superjumbo has been plagued by delays.
Enders said […]

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