Economy rebounds in spring (AP)

August 30th, 2007
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Economy rebounds in spring (AP)
AP - The economy enjoyed a strong revival in the spring although growing troubles in housing and credit markets have darkened prospects considerably since then.
Source: news.yahoo.com

Head of subprime-hit German bank resigns (AFP)

AFP - The head of German bank SachsenLB, which was stricken by losses linked to investments in US subprime home loans, has become the latest bank chief to step down in the wake of the mortgage crisis.

Source: news.yahoo.com

FTSE joins global rally (FT.com)
FT.com - The FTSE joining a global rally in stocks inspired by a Federal Reserve pledge to protect the economy from turbulence in world credit markets.
Source: news.yahoo.com

H&R Block's Option One sale in doubt (Reuters)

Reuters - H&R Block Inc on Thursday said the sale of its Option One Mortgage Corp. subprime lending unit may fall apart, as credit markets deteriorate and after its quarterly loss more than doubled.

Source: news.yahoo.com

Growth recovers but may not last (Reuters)

Reuters - Strong business investment and higher exports drove the U.S. economy ahead at a robust 4 percent annual rate in the second quarter before turmoil in credit markets struck that is expected to brake growth ahead.

Source: news.yahoo.com

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