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Countrywide Financial reports


Countrywide Financial reports 3Q loss of $1.2B on mortgage woes, expects profits in 4Q, 2008


The largest U.S. mortgage lender, Countrywide Financial Corp. lost $1.2 billion (€830 million) in the third quarter amid the country's housing woes, but its shares soared it said it expects to be profitable this quarter and next year.


It was Countrywide's first quarterly loss in 25 years.


But the Calabasas, California-based company said Friday it will be profitable in the fourth quarter and in 2008, as it restructures its business to take advantage of the current market.


"We continue to be bullish about the longterm prospects of both Countrywide and our industry," Chairman and Chief Executive Angelo Mozilo said during a conference call with Wall Street analysts.

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The Mauritius Chamber of Commerce and Industry

  

The Mauritius Chamber of Commerce and Industry, established in 1850, is the oldest non-profit institution representing the private sector in Mauritius. With the increase in the island's volume of trade during the first decades of British administration, the Mauritian business community felt the need for a formal representational and arbitration framework to foster the interests of the trading community and to settle disputes and conflicts arising in trade-related activities.

CPD

Continuing Professional Development  

CPD - making the most of your 9-5 time  
Did you realise that there are abundant learning opportunities in your workplace which can contribute towards your CPD?

CPD activity undertaken for ACCA Realise should be relevant to your job and/or your career aspirations. By focusing on learning at work, you can easily meet the CPD requirement – and enjoy a more conscious, profitable learning environment at work into the bargain.  
 Learning – back to basics
  
 Being coached or signing up for an online course are obvious choices for work-based learning. But consider the following examples:
  
 1. Reading
  
 Magazines and newsletters – and their online versions – can add richly to your knowledge. But don’t just take advantage of technical updates available in accounting & business. Trade journals for your industry sector can also provide invaluable intelligence to help you understand organisational challenges and think more laterally about how finance can contribute. If you have left accountancy and finance, it’s all the more important to look for news and views about your chosen field. To help you achieve CPD through regular reading, why not subscribe to newsfeeds and e-mail updates – many are free.
  

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