Murdoch Reaches Out For Even More Rupert Murdoch’s vast media holdings give him a gamut of tools to enhance his financial interests.... Read Full Article Cardiologists Question Delay Of Data On 2 Drugs A delay in publishing the results of trials on cholesterol drugs is raising questions for the drug industry.... Read Full Article Astor’s Feuding Family Pays Tribute At Funeral The feuding family and friends of Brooke Astor set aside their differences for an afternoon today to join dozens of A-list Americans in paying tribute to the doyenne of New York high society at ... Read Full Article E-Commerce Report: Reaching More Customers With A Simple Text Message When it comes to advertising on the mobile Web, online retailers are treading carefully. But some say they have found enticing success from early marketing efforts.... Read Full Article Intel Earnings Jump Sharply In The Quarter, But Sales Dip Earnings appeared to reassure investors that the company’s profit margins were finally starting to improve.... Read Full Article |
Reyes NewsNo New Trial for Former Chief of BrocadeA federal judge ruled that Gregory L. Reyes, convicted in August of stock-options manipulation, is not entitled to a new trial.Read Full Article Trial Witness Said to Cast Doubt on Part of TestimonyA principal witness in the stock-options backdating trial that ended in a conviction of Brocade’s chief executive, Gregory L. Reyes, has told associates that her testimony may have been untrue.Read Full Article Buy-to-let landlords fear they may have to sell as sub-prime mortgage deals dry upThe sub-prime buy-to-let mortgage market has virtually collapsed after the summer’s credit crunch with lenders withdrawing almost 90 per cent of deals.<br/> <br/> According to Moneyfacts, the price comparison website, more than half of buy-to-let deals for landlords with troubled credit histories have vanished in the past month, sparking fears that many may be forced to sell their investments.<br/> <br/> There were 1,383 sub-prime buy-to-let deals available in July. There are now 149. Only four relatively unknown lenders remain in the market: Preferred Mortgages, edeus, Manchester Building Society and Pink, which is funded by The Mortgage Works, Nationwide’s sub-prime specialist arm.<br/> <br/> The exodus means that investors who need to remortgage may no longer be offered attractive rates and will be forced to pay the standard variable rate, pushing up their monthly outgoings by hundreds of pounds when rental yields are relatively flat.<br/> <br/> Melanie Bien, director of Savills Private Finance, the mortgage broker, said: “Novice landlords might sell up when the going gets tough and if the cost of mortgages rise. Without a similar increase in rents they might not be able to make it pay.<br/> <br/> “If they are relatively new to it, they may have large mortgages on their properties and the payments may just be too much.”<br/> <br/> The decline in the sub-prime residential market has also continued, with the number of deals falling a further 20 per cent since October. There are now 63 per cent fewer of these rates on the market than before the collapse of the US sub-prime market.<br/> <br/> Julia Harris, analyst at Moneyfacts. co.uk, said: “With the sub-prime buy-to-let market already virtually destroyed, it surely cannot sustain much more pressure before it vanishes. In less than a year, the sub-prime market has grown, flourished, and is now wilting fast.”<br/> <br/> The fall in sub-prime residential and buy-to-let deals comes shortly after Kensington Mortgages, which specialised in the market, pulled out. Kensington Mortgages also funded Bank of Ireland’s sub-prime operation. Ms Harris said: “When one big lender withdraws, you see a massive drop. They don’t do just one deal, they are responsible for hundreds.”<br/> <br/> Moneyfacts called for lenders to take a radically new approach to the sub-prime market. However, the CML said the problem is to do with funding, not features of mortgage deals.<br/> <br/> Moneyfacts recorded a slight recovery in the prime mortgage market, with a 10 per cent increase in the number of standard loans available since October.<br/> <br/> <br/> <b>The relative cost of the prime numbers</b> <br/> <br/> <b>Prime</b> A clean credit record. Lenders used to allow “minor debts” on prime deals, but Moneyfacts says that this is no longer the case <br/> <br/> <b>Light or near-prime</b> The greyest area. For borrowers with no more than two County Court Judgments (CCJs), up to a maximum of £3,000 <br/> <br/> <b>Medium</b> Three CCJs to a maximum value of £5,000 <br/> <br/> <b>Heavy</b> Four CCJs to a maximum value of £10,000 <br/> <br/> <b>Extra-heavy</b> Unlimited CCJs worth more than £10,000 <br/> <br/> Source: MoneyfactsRead Full Article Finance Chief of Google Plans His Retirement at 53George Reyes will be one of only a few of the Internet search giant’s top executives to have left since its founding in 1998.Read Full Article Former Brocade chief convicted for backdatingThe conviction of Gregory Reyes, the former chief executive Brocade Communications Systems, in the US’ first stock options backdating trial sends a powerful signal to other executives that jurors consider the practice a crime worthy of a custodial sentence.Read Full Article External News for: reyesRep. Reyes not under investigation, House panel says - Washington PostRep. Reyes not under investigation, House panel saysWashington PostSilvestre Reyes (D-Tex.), chairman of the Permanent Select Committee on Intelligence, who was the subject of a complaint last year involving contact between ...Rep. Reyes not under investigation, House panel says - Washington PostRep. Reyes not under investigation, House panel saysWashington PostSilvestre Reyes (D-Tex.), chairman of the Permanent Select Committee on Intelligence, who was the subject of a complaint last year involving contact between ...Football: Hart takes 7-3 lead over Hueneme - Los Angeles TimesFootball: Hart takes 7-3 lead over HuenemeLos Angeles TimesTwo plays later, he caught a 28-yard touchdown pass from CJ Reyes that was nullified by a holding penalty. No matter, Reyes found Blake Borland in the ...Indians looking to maintainSignalValencia, Hart At Home In First Round Of CIF Football PlayoffsKHTS RadioFootball: Hart's first drive stalls in red zoneLos Angeles TimesLos Angeles Times -Los Angeles Times -Los Angeles Timesall 7 news articles »Rep. Reyes not under investigation, House panel says - Washington PostRep. Reyes not under investigation, House panel saysWashington PostSilvestre Reyes (D-Tex.), chairman of the Permanent Select Committee on Intelligence, who was the subject of a complaint last year involving contact between ...Football: Hart takes 7-3 lead over Hueneme - Los Angeles TimesFootball: Hart takes 7-3 lead over HuenemeLos Angeles TimesTwo plays later, he caught a 28-yard touchdown pass from CJ Reyes that was nullified by a holding penalty. No matter, Reyes found Blake Borland in the ...Indians looking to maintainSignalValencia, Hart At Home In First Round Of CIF Football PlayoffsKHTS RadioFootball: Hart's first drive stalls in red zoneLos Angeles TimesLos Angeles Times -Los Angeles Times -Los Angeles Timesall 7 news articles »(UPDATE) Reyes retires as head football coach - McKinney Courier Gazette(UPDATE) Reyes retires as head football coachMcKinney Courier GazetteAfter 37 years on the sideline, including the last three at McKinney High, Bobby Reyes has announced his ...mckinney coach Bobby Reyes retiresDallas Morning Newsall 5 news articles » |
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