PhillyDeals Archive: November, 2008

Oil, dollar set to drop more?

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OPEC's failure to limit production means oil prices may keep dropping. That's good for consumers everywhere, but maybe less in the U.S., where... Read more

S&P says J.G. Wentworth may need capital; cuts credit ratings

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Standard & Poor's cut counterparty and senior-secured bank loan ratings on J.G. Wentworth Inc., the Bryn Mawr "structured settlement"... Read more

Clearwire closes $3.2 billion deal with Comcast, others for online Internet

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Clearwire Corp., the Kirkland, Wash.-based wireless Internet provider, says it's closed a previously-announced deal to raise $3.2 billion in... Read more

Sovereign Bancorp owner boosts capital with $9B stock sale

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Banco Santander, the Spanish giant that controls Sovereign Bancorp, says it raised over $9 billion U.S. to boost capital with a share sale. Sounds... Read more

Citizens Bank owner now controlled by British government

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When the British stock market closes today, "Her Majesty's treasury will take up the remaining 22,853,798,818 new Royal Bank of Scotland... Read more

Did Wells-Wachovia deal force U.S.-Citi rescue?

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Citigroup's Nov. 24 bailout includes $22.5 billion from the U.S. Treasury to Citi in preferred stock and common-stock warrants; $7 billion... Read more

Home loan rates fall after U.S. pledges to fund new loans

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Average 30-year fixed-rate home mortgage loans for creditworthy borrowers fell as low as 5.5 percent yesterday, from 6.4 percent a day earlier... Read more

U.S. Treasury debt market "breaking down"

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"The U.S. Treasury market, the foundation of government bond and corporate bond markets worldwide, is suffering a crisis of confidence... Read more