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  • Nationwide, RBS and Natwest have all announced they are passing on yesterday's 1.5% interest rate cut to their variable rate mortgage customers. Nationwide announced it was cutting its standard variable rate, which it calls the base mortgage rate, by ...
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  • Once touted as a potential breakthrough to help solve the foreclosure crisis, the government's Hope for Homeowners program has failed to live up to its billing so far. And there are serious doubts it ever will.
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  • The New York Times Company filed its 10-Q with the SEC Friday and it's not a pretty sight. The company projected a $140-150 million write down for the New England Media Group when it reported Q3 results Oct. 23; the number reported in the 10-Q is $166 million with adjustments to come in Q4.
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  • Taking advantage of a public post to borrow something can be considered as taking bribery in China, and an official has been convicted of bribe-taking for "borrowing" a company's car for five years. Chen Xiaoping, former deputy head of the energy and transport division of the provincial development and reform commission in east China's Shandong Province, was recently sentenced to nine years in ...
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