| London shares lower midafternoon as volatile Wall St adds to ...
LONDON (AFX) - Leading shares remained lower midafternoon as a volatile early session on Wall Street added to weakness in energy stocks and helped to counter ongoing M&A hopes in Unilever and the tobacco sector, dealers said. At 3.30 pm, the FTSE 100 index was down 8.1 points at 6,125.1, reversing some of yesterday's gains when M&A fever pushed the index to 6,133.2 points. Volume was heavy, with 3.29 bln shares changing hands in 454,803 deals, boosted by a lively options expiry. Meanwhile, Wall Street gave up initial gains as investors mulled mixed economic data showing consumer prices rose a steeper than expected 0.4 pct in February, while the core CPI rose 0.2 pct, in line with expectations. Quadruple witching expiries also added an extra spice to the session. A short time ago, the DJIA was 23.70 lower at 12132.40, having given up initial gains.
Costs of mortgage fees could counteract benefits of fixed rate ...
Experts are warning any consumers that are thinking about taking out a set term, fixed rate mortgage deal to ensure that they look into the application fee that is being charged by the lender before assuming that they have found themselves a good deal and rushing in. Industry professionals claim that in many cases the benefits of having a set period at a fixed rate – which can help borrowers to avoid the pinch felt with interest rate rises as well as making it easier for them to budget for their repayments – is counteracted because of the extortionate application fees charged by some lenders. According to experts from Moneysupermarket, some mortgage deals can look very attractive at first and consumers may think that the competitive rate of interest charged on a particular deal will save them money.
LION Announces Resignation of Chairman and CEO
SEATTLE--(BUSINESS WIRE)--LION, Inc. (OTCBB: LINN), a leading provider of online lead generation and advanced business solutions that streamline the mortgage fulfillment process, today announced it has filed its 2006 Form 10-KSB with the SEC. The Company has also reported that its Chairman and Chief Executive Officer, Randall D. Miles, has resigned effective April 1, 2007. Mr. Miles had served in these roles since December 2003. Mr. Miles will remain an advisor to the Company to ensure a smooth transition. John A. McMillan has been elected Chairman of the Board and Dave Stedman, the Company's President, will assume the role of interim CEO while a search is conducted for Mr. Miles' permanent replacement. Mr. Stedman formerly served as CEO of LION from August 2002 to December 2003. "I would like to thank Randy for his service to LION and the contributions he made to the Company and its direction over the last 3 years," stated John A.
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