Crombie REIT set to expand: analyst

Crombie Real Estate Investment Trust ( CRRu/TSX ) could grow by as much 70% over the next few years, according to one east coast analyst. Michael Mills, a Halifax-based analyst with Beacon Securities, believes that Crombie's relationship with Empire Co....(read more)

http://communities.canada.com/nationalpost/blogs/tradingdesk/archive/2007/09/11/crombie-reit-set-to-expand-analyst.aspx

Weak Jobs Data Boost Likelihood of Rate Cut

U.S. payrolls fell by 4,000 in August, the first employment drop in four years. The data suggest damage from the severe housing slump is beginning to ripple through the economy and makes it likely the Fed will cut rates. (Text of jobs report)

http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7014/~3/153422914/SB118916737881920585.html

Countrywide to Cut up to 12,000 Jobs

Countrywide plans to reduce its work force by as many as 12,000 jobs, or 20%. The largest U.S. home-mortgage lender sees its loan originations in 2008 dropping 25%.

http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7014/~3/153610942/SB118919813950820850.html

Home loan demand slumps despite lower rates

NEW YORK (Reuters) - U.S. mortgage applications fell for a second consecutive week, reflecting a drop in demand for home purchase and refinancing loans even as interest rates sank, an industry group said on Wednesday.

http://feeds.reuters.com/~r/reuters/businessNews/~3/149609496/idUSN2829165820070829

Fed Weighed Action Well Before Rate Cut

Fed officials considered taking policy action 10 days before cutting the discount rate, meeting minutes show. (Full text)

http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7014/~3/149305908/SB118832349767011156.html