Obama: Financial bailout must help homeowners, too
WASHINGTON -- President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to stanch foreclosures by helping struggling homeowners with their mortgages.

China Wealth Fund Lacks Stomach For Financial Buys
The China Investment Corporation , the sovereign wealth fund that has incurred steep paper losses on its stakes in U.S. financial firms, said on Wednesday it is ?not brave enough? to invest in foreign financial firms and lacks confidence in the shifting U.S. financial regulatory situation, Reuters reported.

China wealth fund lacks stomach for financial buys
HONG KONG (Reuters) - China Investment Corp, the sovereign wealth fund that has incurred steep paper losses on its stakes in U.S. financial firms, said on Wednesday it is "not brave enough" to invest in foreign financial firms and lacks confidence in the shifting U.S. financial regulatory situation.

Financial industry pushes for lower mortgage rates
WASHINGTON -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market.

Analog Devices Names David Zinsner Financial Chief
Analog Devices Names David Zinsner Financial Chief

Financial Stocks: Bulls outlast bears in Wednesday grudge match
Shares of U.S. financial firms remain volatile as investors play tug-of-war over positive news about rising mortgage applications and bearish reports of draconian job cuts and weak economic data.

Financial industry pushes for lower mortgage rates
Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 percent, Scott Talbott,...

Scotiabank Changes Terms of CI Financial Purchase, Adds Stock
Dec. 3 (Bloomberg) -- Bank of Nova Scotia, Canada?s third- largest bank by assets, changed the terms on its C$2.3 billion ($1.83 billion) purchase of a 37 percent stake in CI Financial Income Fund to include common and preferred shares.

Obama: Financial bailout must help homeowners, too
President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to stanch foreclosures by helping struggling homeowners with their mortgages. "The deteriorating assets in the financial markets are rooted in the deterioration of people being able to pay their mortgages and stay in their homes," he said.

Nufarm 'sound financial position'
Agricultural chemicals group Nufarm Ltd has reaffirmed its guidance for fiscal 2009 earnings and says it is in a sound financial position.

Financial industry pushes for lower mortgage rates
By CHRISTOPHER S. RUGABER and ALAN ZIBEL Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4.5 percent, Scott Talbott, a vice president at the Financial Services Roundtable, said Wednesday. That's about one ...

Financial Sector Cut 91,356 Jobs In Novenber - Challenger
Financial Sector Cut 91,356 Jobs In Novenber - Challenger

Ambac Financial Group, Inc. Eliminates Quarterly Dividend
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced that its Board of Directors voted ...

Financial crunch weakens Christie?s bidding
Christie?s auction house sold $146m worth of Asian artwork in its Hong Kong autumn sales, failing to meet its pre-sale estimate as the financial crisis stifled demand from collectors and investors.

Funding crisis hits Afghan financial sector
Afghanistan?s embryonic financial sector is facing a serious funding crisis that has already forced the authorities to take one of the country?s handful of commercial banks into government control.

United Financial Bancorp unveils stock buyback
West Springfield, Mass.-based United Financial Bancorp Inc. (Nasdaq: UBNK) said it plans to buy back up to 885,379 shares, a move that represents about 5 percent of the holding company?s outstanding shares.

China Investment Corp. shunning stakes in overseas financial firms
Lou Jiwei, the head of the Chinese sovereign wealth fund, said the fund is "not brave enough" to invest in foreign financial firms and that he lacks confidence in the shifting U.S. financial regulatory situation.

Cox Radio Names Charles Odom Chief Financial Officer
ATLANTA , Dec. 3 /PRNewswire-FirstCall/ -- Cox Radio, Inc. (NYSE: CXR) announced today that Charles Odom is expected to become Chief Financial Officer, effective January 1, 2009 , pending board approval. Odom also will serve as Cox Radio's principal accounting officer.

CIC fears investing in foreign financial firms
HONG KONG: China Investment Corp (CIC), the sovereign wealth fund that has incurred steep paper losses on its stakes in US financial firms, said yesterday it is ?not brave enough? to invest in foreign financial firms and lacks confidence in the shifting US financial regulatory situation.

Financial industry lobbyists urging Treasury to take steps to lower mortgage rates
Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing