Business News 4th May Sunday 20:46 2008

PIMCO Wants to Hire Wall Street Layoffs: Report

NEW YORK (Reuters) - Pacific Investment Management Co (PIMCO), the world's biggest bond fund, has asked between 5 and 10 Wall Street banks to let recently dismissed employees know that

May 4th, 2008 | Categories: Investment

Japan Will Not Fall Into Recession: BOJ Report

TOKYO (Reuters) - Japan's economy will not fall into recession despite a likely slowdown in the first half of this fiscal year, partly because of firm growth abroad, the Bank

May 4th, 2008 | Categories: Investment

Citi Offering Signals More Trouble Ahead: Analysts

NEW YORK (Reuters) - Investors fear that Citigroup Inc's <C.N> sale of $4.5 billion of shares, combined with a $6 billion preferred stock sale last week, signal the bank is

May 4th, 2008 | Categories: Investment

BlackRock’s Bob Doll Sees End of Fed Rate Cuts

NEW YORK (Reuters) - The Federal Reserve is likely done with its series of interest-rate cuts that began in September, as financial market conditions have improved considerably and economic growth

May 4th, 2008 | Categories: Investment

Virgin Mobile Declines Comment to NYSE on Share Rise

NEW YORK (Reuters) - The New York Stock Exchange said on Wednesday that Virgin Mobile USA <VM.N> declined to comment on unusual activity in the cell phone company's shares.

May 4th, 2008 | Categories: Investment

Mortgage Prepayment Analysis - HELOC Retention Marketing Application

A large bank is trying to better manage their cash-flows from their mortgage portfolio by trying to identify segments or tranches within their portfolio of consumer loans that have a