A town in central California has become ground zero in the wave of foreclosures plaguing the US housing market in the wake of the subprime lending crisis.
Northern Rock Plc, the UK mortgage lender that sought an emergency bailout last week, rose in London trading after the government stepped in to stop a run on the bank.
Like thousands of savers across the United Kingdom, Linda Marshall arrived at a branch of Northern Rock Plc first thing yesterday morning. She wasn't taking money out, she was putting more in.
The number of Americans who may lose their homes to foreclosure more than doubled in August from a year earlier as subprime borrowers with adjustable-rate mortgages saw their monthly payments rise, RealtyTrac Inc said.
Lehman Brothers Holdings Inc, the largest US underwriter of mortgage-backed bonds, reported profit that beat analysts' estimates after limiting losses on home loans and leveraged-buyout financing.
Xi'an Aero-Engine (Group) Ltd is on the fast track of international cooperation.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
