Stock analyst: market will cheer Fed tightening

Date: Wed, 28 Oct 2009 12:00:57 -0400

Stock analyst: market will cheer Fed tightening

One analysrt sees market's performance in recent decades setting precedent for
approval of Fed moves this time.

NEW-HOME SALES FALL UNEXPECTEDLY IN SEPTEMBER

U.S. sales of new homes decline for the first time since March, clouding what
had been a sunny period for the beleaguered housing sector.

MORTGAGE DEMAND FALLS AGAIN IN LATEST WEEK

Mortgage applications dropped in the latest week as declining refinancing
activity again weighed on the Mortgage Bankers Association index, according to
data released Wednesday.

ASIA BANK CEOS RECEIVE LITTLE BY WESTERN STANDARDS

While high levels of executive compensation spark outrage in the U.S., Asia's
banks paid out far less to their top officers over the last fiscal year than
was seen in the West, and even reined in total executive pay, according to a
new survey.

E.U. APPROVES NORTHERN ROCK RESTRUCTURING PLANS

The European Commission on Wednesday approved U.K. plans to restructure
Northern Rock by splitting the nationalized mortgage lender in two.