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UBS may post small loss for 2Q - Newsday

4 Jul 2008 at 1:37pm  ZURICH, Switzerland - UBS AG , Switzerland's largest bank, said Friday it expects its second-quarter results to be "at or slightly below break-even" due to a tax credit that will at least partly offset investment losses. It also said it won't need to ...

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Auto briefs - Detroit News

3 Jul 2008 at 12:02am  Chrysler LLC said head labor negotiator John Franciosi will retire at the end of September and his position will be eliminated. Franciosi, senior vice president of employee relations, led contract talks with the United Auto Workers union last year ...

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Auto sales likely to get worse - Detroit News

2 Jul 2008 at 5:21pm  General Motors Corp. and Toyota Motor Corp., the biggest players in the U.S. auto market, predicted Tuesday that sales would fall this year to their lowest levels in more than a decade after already-weak demand tumbled further in June. Sales of cars ...

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Fitch Affirms Merrill Auto Trust Securitization 2007-1 - Forbes

2 Jul 2008 at 1:54pm  The collateral continues to perform within Fitch's base case expectations. Currently, under the credit enhancement structure, the securities can withstand stress scenarios consistent with the ratings and still make full payments of interest and ...

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Late payments on consumer loans dipped in 1Q - CNN Money

2 Jul 2008 at 11:23am  NEW YORK (Associated Press) - Late payments on consumer loans dipped slightly in the first three months of the year, but remained at a level not seen since the early 1990s. The American Bankers Association said Wednesday that late payments on a broad ...

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Auto, Credit Card-Backed Bond Spreads Rise as Economy Slows - Bloomberg

2 Jul 2008 at 11:23am  July 2 (Bloomberg) -- Yields over benchmark rates for bonds backed by payments on auto loans and credit cards rose last week on concern the credit crisis may extend longer than previously thought. Spreads on AAA rated auto asset-backed securities ...

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U.S. home equity credit line delinquencies at new high-ABA - San Diego Union-...

2 Jul 2008 at 9:07am  WASHINGTON ? Late payments on U.S. home equity lines of credit rose to a 21-year high in the first quarter of 2008 due to continued stress in the housing market and general weakness in the economy, the American Bankers Association said Wednesday ...

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