Good morning!
米FRB、住宅ローン借り手保護を強化
Fed Approves Mortgage Rules Designed to Protect Consumers (WSJ.com)
WASHINGTON -- The Federal Reserve Board unanimously approved a final rule aimed at better protecting consumers from deceptive mortgage lending practices.
The rule is similar to a proposal the board issued in December but adds protections for users of so-called higher-priced mortgage loans.
Higher-priced loans are defined as those first-lien mortgages that are 1.5 percentage points above a new index the Fed plans to publish using a survey currently published by Freddie Mac. Subordinate-lien mortgages that are 3.5 percentage points above the Fed index would also be considered higher-priced.
deceptive mortgage lending practice: 詐欺的な住宅ローンの貸付
higher-priced mortgage loan: 高金利型住宅ローン
米イーベイ、ティファニー偽ブランド品取引を巡る裁判に勝利
EBay Wins Tiffany Case Over Counterfeit Goods (WSJ.com)
A federal judge in New York ruled that eBay Inc. fulfilled its legal obligation and took adequate precautions to block the sale of counterfeit Tiffany and Co. jewelry on its site, delivering the first significant victory to the e-commerce company in its running battle with luxury goods companies over fake merchandise.
U.S. District Judge Richard Sullivan said Tiffany must bear the burden of monitoring its trademark, not eBay.
The ruling marks the first legal triumph to date for eBay after a series of European legal setbacks including a June 30 ruling from a French court that it pay €40 million (US$63.2 million) in damages to Louis Vuitton and other luxury-goods makers. The Tiffany case was the first case brought by a luxury goods maker in the U.S., where eBay generates $3.7 billion, or nearly half, of its $7.7 billion annual revenue.
to rule: ～と判決する
to fulfill one's legal obligation: 法的義務を果たす
to take an adequate precaution to do: ～するために適切な予防措置を講じる
米フレディマック、短期債入札波乱なし 先週末に財務省とFRBが救済案を表明
Freddie Auction Is Successful After Treasury, Fed Pledge Aid (WSJ.com)
Freddie Mac's auction of $3 billion of short-term debt Monday sold at better-than-expected prices, with the offering well received by investors a day after the U.S. Treasury and Federal Reserve announced a plan placing the federal government firmly behind the battered mortgage giant and its sister Fannie Mae.
The fact that the auction was successful comes as a relief for investors in Freddie, sister Fannie and the market as a whole, as the likelihood is lowered that the ailing mortgage giants will fail.
The weekend's moves constitute an attempt by the federal government to ease the potential crisis at Fannie and Freddie without intervening directly. By promising bold action if needed, officials are hoping they can instill sufficient confidence in the two companies that such intervention ultimately will prove unnecessary.
to come as a relief for: ～を安堵させる
likelihood: 可能性
bold action: 大胆な行動
米アンハイザー、インベブの520億ドル買収提案受け入れ 交渉長期化を回避
Anheuser, InBev Reach A Deal for $52 Billion (WSJ.com)
Anheuser-Busch Cos. agreed to be acquired by InBev NV for about $52 billion, creating the world's largest beer maker and placing an iconic American company in the hands of a Belgian-Brazilian giant.
The $70-a-share deal marks an abrupt end to what many expected to be a prolonged takeover drama. For weeks, Anheuser showed stiff resistance to a sale. But last week, InBev, based in Leuven, Belgium, drew its St. Louis rival into friendly discussions by increasing its original cash offer by $5 a share.
The tie-up carries significant risks for InBev. Most of Anheuser's profit comes from the U.S. market, which is growing at a slow clip. Mass-market brewers face rising competition in the U.S. from small-batch "craft" beers, wines and spirits.
iconic American company: アメリカを象徴する企業
tie-up: 合併
11月の米下院選、民主党候補全員がオバマ氏に頼るわけではない
Not All Democrats Want To Ride Obama's Coattails (WSJ.com)
Barack Obama could have long coattails this fall. That doesn't mean that every Democrat is going to want to grab on to them.
The Illinois senator is likely to spur voter turnout among African-Americans and college students in some districts where Democrats hope to pick up House seats now held by Republicans or to fend off Republican challenges. But other Democrats facing tough re-election campaigns could see Sen. Obama's politics and his weakness among working-class whites as a liability.
Meanwhile, vulnerable Republicans, many of whom are in closely divided or Democratic-leaning districts, could see John McCain, the Republican presidential candidate, as an asset because of his appeal to independents. If the Arizona senator runs a competitive presidential race, he "could provide air cover for our candidates" in what could otherwise be a difficult year for Republicans, said Rep. Tom Cole of Oklahoma, who heads the Republicans' House re-election campaign.
coattail: 候補者を当選させる大物候補者の力
Democratic-leaning district: 民主党が優勢な地域
米ミッドウエスト航空、40％人員削減へ
Midwest Airlines to Cut 40% of Work Force (WSJ.com)
Midwest Air Group Inc.'s Midwest Airlines, crippled by surging oil prices, will cut 1,200 jobs, or 40% of staff in its operations and its Skyway subsidiary, as part of its plan to ground 12 aircraft this fall.
The company said it began notifying employees Monday of the reductions -- most of which will take place by mid-September. The cuts will be carried out as furloughs or position eliminations, depending on job function, spread throughout the airline's flight operations.
"In order to successfully restructure, there is no way to avoid deep and painful reductions to our current work force," Chairman and ...
to cripple: ～に損失を与える
furlough: 一時解雇
英銀Ａ＆Ｌ、スペイン銀最大手サンタンデールの傘下に
A&L Falls Into Spanish Hands (WSJ.com)
Spanish banking giant Banco Santander SA Monday said it has agreed to acquire Alliance & Leicester PLC, in an all-share deal that values the U.K. lender around £1.26 billion ($2.38 billion).
The move would consolidate Santander's holdings in the U.K. and signal increased competition in the country from a strongly fortified foreign bank.
Spain's largest financial group by market value said the 299-pence-a-share offer had been approved by Alliance & Leicester's board. In a regulatory filing, ...
in an all-share deal: 全株買収することにより
to consolidate: ～を確固たるものとする
○●○●○●○●○●○●○●○●○●○●
Thank you for accessing this blog.
Have a beautiful day!