Bad Credit Indiana Loan Mortgage

Click a Flag to Translate the page

Premarket Movers: Massey Shares Plunge

NEW YORK (AP) - Massey Energy Co. shares plunged ahead of the opening bell Friday after it reported disappointing second-quarter earnings and was forced to lower coal production estimates due to mining problems.

The Richmond, Va.-based coal company reported profit fell 91 percent during the quarter, broadly missing Wall Street projections. Massey Energy also said it will pursue a new strategy of trimming production at higher cost mines.

National City Profit Tumbles

Regional bank National City (NCC - commentary - Cramer's Take) posted a sharp decline in second-quarter profits as the company took a hit from hedging mortgage losses.

Profits at National City fell 24% in the second quarter, although they still topped Wall Street forecasts. Excluding the mortgage losses, the bank's profits rose from the previous year's quarter.

The company earned $473 million, or 77 cents a share, down from $625 million, or 97 cents a share, a year ago. Analysts expected the company to earn 73 cents a share, according to Thomson Financial. The company's results had a $115-million loss from mortgage servicing rights, compared to a $157-million gain in the second quarter last year.

The company also set aside $60 million for bad loans, more than doubling the $26 million set aside in the same period last year.

In debt and shameless

A young man interviewed on Radio 4 said he was 'maxed up' on all his credit cards. There was no shame in his voice. In fact there was pride. He seemed to think it was cool to be in debt,

Is this not the perfect marriage of ancient and modern? There is now a website that compares petrol prices at your local filling stations. This modern development is a breakthrough for ancient, or at least older, people, they being the only ones who care about petrol prices.

Until now, for example, my parents-in-law have had to drive all around Hampshire in search of the cheapest petrol: they have a theory that the nearer you get to Portsmouth the lower the prices.

Such is their obsession they've been known to drive miles out of their way, if necessary into the next county, just to save a few pence by filling up at a cheaper pump.

Bad Credit Indiana Loan Mortgage Link Partners and Resources