The $23.2 billion first-quarter loss compares with lossesof $2.2 billion in the year ago period, and $25.2 billion inthe previous quarter. Fannie Mae’s results appear to counter recent datasuggesting the housing market is bottoming as falling homeprices and mortgage rates increase affordability Earlier thisweek the government said pending sales of U.S homes rose inMarch for a second straight month. Robert Shiller, the Yale University housing economist whopredicted the housing bubble, this week said a bottom wouldprobably not be seen until 2010. The speed of the downturn has greatly limited Fannie Mae’sability to estimate loss reserves, it said. After about a 10percent decline in 2008, house prices could plunge another 7percent to 12 percent this year, it said. (Additional reporting by Julie Haviv;Editing by PadraicCassidy) Stocks Bonds Global Markets. These statements are based upon thecurrent beliefs and expectations of the Company’s management and are subjectto significant risks and uncertainties and actual results may differ fromthose set forth in the forward-looking statements.
SOURCETemco Service Industries, Inc.Henrik Thomassian, President and Chief Executive Officer, Temco ServiceIndustries, Inc., +1-212-889-6353. TORONTO, ONTARIO, May 08 (MARKET WIRE) — Fraser Papers Inc. (“Fraser Papers” or the “Company”)(TSX: FPS) announcedtoday that it has developed a new swatchbook to highlight the Company’smarket leading range of lightweight publishing papers. As customerscontinue to ask for papers that provide quality and value options, FraserPapers is the only company to offer innovative high-bright hybrid papersin combination with its diverse freesheet and groundwood offering.”Because projects have different requirements, we crafted our publishingportfolio to provide a fit-for-use approach for our customers,” said MattNightingale, Vice President of Marketing. “With the help of our newswatchbook, customers can better navigate our spectrum of freesheet,hybrid and groundwood publishing papers in a comprehensive, easy-to-useformat.”The swatchbook design enables users to explore Fraser Papers’ freesheet,hybrid and groundwood papers, clarifying product advantages, comparingbasis weights and brightness levels across the various grade lines andaccessing detailed product specifications.”We lead the industry with our lightweight expertise, enhanced bleachingtechnology, FSC and SFI fibre certification, development of a newcategory of hybrid papers and the breadth of our offering for thepublishing market,” added Jim Gehrman, General Sales Manager, PublishingPapers. “Now we simplify the specification process by centralizing keyproduct information in the new Fraser Papers publishing swatchbook.”The Company’s publishing papers are used in a variety of applicationsincluding catalogs, manuals, compliance materials, annual reports, tradebooks, directories, marketing collateral, direct mail and advertisinginserts. Key markets are financial, reference and dictionary,educational, religious, automotive and retail.To order a swatchbook, contact Fraser Papers at 1-800-920-9988.
Or, for aprint quality copy of the swatchbook, please click the link below. Papers is an integrated specialty paper company that produces abroad range of specialty packaging and printing papers. The Company hasoperations in New Brunswick, Maine, New Hampshire and Quebec. FraserPapers is listed on the Toronto Stock Exchange under the symbol: FPS. Formore information, visit the Fraser Papers web site at Papers Inc.Matthew NightingaleVice President, Marketing(207) Copyright 2009, Market Wire, All rights reserved.-0-. Featured in International Broadcast and On-line CampaignVANCOUVER, May 8 /PRNewswire/ — It’s kind of hard to sum up one of theworld’s largest and most physically, geographically and culturally diversecountries in a few words — even if we had unlimited advertising dollars andtime in the world (which we don’t).So in today’s world of “live well, spendless” and “if you can’t tweet it, it’s too much information”, we distilled theessence of the amazing Canadian vacation experience into 15 seconds — a bitshorter than your average elevator ride.But get this — it gets better.
We didn’t even shoot our own commercials! Wewent on YouTube and discovered real people having real experiences in Canadawith real and raw emotion and really loving it!That’s right.Real people,real experiences, real emotion!We couldn’t make this stuff up — or script it any better — so why try? Besides, when people see the new 15-second spots, they may believe thembecause they are not oh-so-slick. So we contacted the people who put up their video on YouTube and receivedpermission to use their stuff.They get 15 seconds of fame as we plan to airthese authentic Canadian experiences via TV and the Internet with ourfirst-ever international broadcast campaign and we get, well, you know, realpeople, real experiences, real Canada….We’ve got adventurers “zip lining” above raging creeks in Whistler, B.C.;nature lovers being awestruck as they watch a collapsing iceberg off the coastof Newfoundland;visitors getting soaked with delight at Niagara Falls (FYI– the famous Horseshoe Falls is actually on the Canadian side of the border). With our partners in the tourismindustry and the governments of Canada, the provinces and the territories, weadvertise and market Canada in nine countries around the world, conductindustry research and studies, and promote product and industry development.For research and statistics, news and media resources, travel information andevents, please visit Media Contact:Rene Mack, Weber Shandwick(212) SOURCECTCMedia, Rene Mack, Weber Shandwick, +1-212-445-8123, . HOUSTON, May 8 (Reuters) – Between 300 and 400 workers wereevacuated after a unit malfunction at BP Plc’s (BP.L) 410,000barrel-per-day Whiting, Indiana, refinery on Friday, accordingto a source familiar with refinery operations. Stocks | Global Markets The temporary evacuation was done out of “an abundance ofcaution,” the source said (Reporting by Erwin Seba) Stocks Global Markets. WOODLAND HILLS, Calif.–(Business Wire)–Great American Group, an auction, liquidation and asset management firmannounced they have appointed Laura Wayman as the new Vice President ofMarketing & Brand Management.