Economic Update - March 9,2008

Housing Foreclosures hit an all time high of 0.83% of all mortgages nationwide.

Over 5.8% of homeowners were behind in their mortgage payments, the largest number in more than two decades.

House prices lost a staggering 8.9% in 2007 - and they’re still dropping.

The supply of unsold houses rose to 4 million, or to over a [...]

Rio Tinto Offer for Alcan

August 27, 2007: 04:29 PM EST
Rio Tinto (LSE: RIO)(ASX: RIO)(NYSE: RTP) has received US antitrust clearance for the proposed acquisition of Alcan by a subsidiary of Rio Tinto.
Receipt of this, and other regulatory clearances, is a condition to Rio Tinto’s offer to acquire the outstanding shares in Alcan.
About Rio Tinto
Rio Tinto is a leading international [...]