-- Mortgage applications for home purchases in the US slid last week by the most since early April as mortgage rates remained above 7%.Intel to Sell 49% of Irish Venture to Apollo for $11 Billion
The overall index of applications, which includes those for home purchases and refinancing, declined 5.2% last week to 180.4, the lowest since Feb. 23. The group’s refinancing measure dropped 6.8%. The MBA survey, which has been conducted weekly since 1990, uses responses from mortgage bankers, commercial banks and thrifts. The data cover more than 75% of all retail residential mortgage applications in the US.Colombian Companies Face Energy Crunch as Gas Reserves Plunge
After several quarters of declines, volumes for the company products showed a sequential improvement this year, helped by Campbell easing back on price hikes as well as a slight let up in the strain on consumers' household budgets as inflationary pressures cool. Campbell expects annual net sales growth of 3% to 4%, compared with its previous range of a fall of 0.5% to a rise of 1.5%. Campbell's third-quarter net sales rose 6% to $2.
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