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November 26, 2007 |

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HSBC Bails Out 2 Troubled Funds

An SIV that cannot continue borrowing money would need to find cash elsewhere or sell its investments. Since mortgage debt has lost so much value _ some types of mortgage debt are selling at less than 20 cents on the dollar _ this would likely lead to

Stocks Move Higher Amid Retail Reports

26 cents to $15.33, while KB Home fell 69 cents, or 3.2 percent, to $21. In Europe, embattled mortgage lender Northern Rock PLC said Monday it will hold accelerated takeover negotiations with a consortium led by Virgin Group. Northern Rock ran into

HSBC Restructures SIVs, Adds $35 Bil Funding

double whammy as the value of their assets has fallen sharply due to contagion from the U.S. subprime mortgage crisis, while their access to short-term funding has been severely limited as investors shun asset-backed commercial paper. The sector is in

Business Minute: Stocks firm in early going…Shopping season off to busy start…Sony stake

Middle East investors who have become more aggressive in looking for investment opportunities overseas. LONDON (AP) - Battered mortgage lender Northern Rock says it will hold accelerated takeover discussions with a consortium led by Virgin Group. Virgin

HSBC Bails Out 2 Troubled Funds

billion.An SIV that cannot continue borrowing money would need to find cash elsewhere or sell its investments. Since mortgage debt has lost so much value some types of mortgage debt are selling at less than 20 cents on the dollar this would likely lead

Danish shares close lower, led AP Moller-Maersk, Carlsberg

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GUEST COLUMN: Fifty ways to explain a ‘no’ vote

of our schools. 40. My kids are constantly being ‘picked on’ by certain teachers. 41. Prices, rent and mortgage payments will go up if we pass this referendum. 42. Public schools took ‘Christ’ out of Christmas concerts and call them ‘holiday’ concerts.

Stocks manage modest gain as investors weigh retail sales

consumer confidence, existing home sales and orders for big-ticket goods due later in the week. In Europe, embattled mortgage lender Northern Rock PLC said Monday it will hold accelerated takeover negotiations with a consortium led by Virgin Group.

China Fire & Security shares up; gets $31M pact for fire protection system

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