www.sunbeltofnewengland.biz

Reuters - Several regional banks reported
better-than-expected quarterly results on Tuesday, and
expressed confidence they could withstand soaring credit losses
as the nation’s housing market and economy slump.

Oryginal: Reuters

AP - Democrats in Congress and President Bush will agree on a bill to help half a million or more strapped homeowners get into lower cost mortgages, but it won’t be through the bankruptcy courts, the chairman of the House Financial Services Committee said Tuesday.

Oryginal: AP

Reuters - UBS AG , the global bank
slammed by mortgage and credit losses, may cut up to 10 percent
of jobs across much of its investment banking and trading
division, people familiar with the situation said on Tuesday.

Oryginal: Reuters

AP - Banks have been disappointing customers many ways lately — tightening mortgage lending standards, paring back home-equity and credit-card lines and lowering savings interest rates — but they’re receiving higher marks for at least one thing: their Web sites.

Oryginal: AP

Reuters - U.S. producer prices advanced
sharply last month on a jump in energy costs that could spell
more problems for the economy, although a gauge of New York
regional factory conditions was stronger than expected.

Oryginal: Reuters