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H & R Block Inc

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  • Dow Closes Higher as Investors Cheer Fed Monday, 17 Mar 2008 | 5:01 PM ET

    Enthusiasm for the Federal Reserve's actions to stem the credit crunch propelled the Dow Jones Industrial Average to a higher close Monday, a day when everyone expected a rout due to weekend fire sale of Bear Stearns.

  • JP Morgan's Bargain, Fed Actions Help Stocks Monday, 17 Mar 2008 | 3:35 PM ET

    The Dow Jones Industrial Average pared its losses Monday as the sell-off spurred by the fire sale of Bear Stearns wasn't as bad as expected.

  • Dow Pares Losses; Lehman Plunges Monday, 17 Mar 2008 | 11:40 AM ET

    Stocks plunged at the opening bell Monday as investors were spooked by the cash crisis at Bear Stearns that forced its sale for $2 a share to JP Morgan Chase.

  • Ross Acquires Option One Mortgage for $1.1 Billion Monday, 17 Mar 2008 | 10:56 AM ET

    Investor Wilbur Ross has reached an agreement to acquire the mortgage loan servicing business of H&R Block's Option One Mortgage, forming the second largest mortgage servicing company in the United States.

  • H&R Block up 5 percent as Wilbur Ross has agreed to acquire Option One's Servicing Business for $1.1 Billion from H&R Block. He is not buying the mortgages, merely the right to service them. Another HMO lowers its outlook. Coventry lowered its 2008 forecast, citing the impact of flu on costs.

  • Stocks On The Move: H&R Block, Clear Channel... Thursday, 6 Mar 2008 | 6:52 PM ET

    Following are the day’s biggest winners and losers. Find out why shares of H&R Block and Clear Channel popped while Fannie Mae and Nokia dropped.

  • S&P 500 Index Closes Below January Low Thursday, 6 Mar 2008 | 4:37 PM ET

    Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.

  • Stocks Losses Deepen Amid Credit Worries Thursday, 6 Mar 2008 | 1:52 PM ET

    Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.

  • Stocks Losses Deepen as Foreclosures Soar Thursday, 6 Mar 2008 | 11:11 AM ET

    Wall Street was poised to open mostly lower on Thursday, despite positive retail sales numbers as the market continued to worry over the battered financial sector.

  • Lightning Round: Baidu, Boeing, Circuit City and More Tuesday, 15 Jan 2008 | 8:27 PM ET

    Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Stocks Close Lower On Economic Worries Monday, 17 Dec 2007 | 4:03 PM ET

    Stocks closed lower as fears that inflation was hampering holiday gift-buying combined with wider concerns about the state of the economy.

  • Stocks Close Mixed As Dow Rebounds Thursday, 13 Dec 2007 | 3:59 PM ET

    Stocks closed mixed as worries about a weakening economy and credit crunch continued to rattle the markets.

  • H&R Block Shares Fall; Sees Wider Loss Ahead Tuesday, 11 Dec 2007 | 11:13 AM ET
    H&R Block

    H&R Block, the nation's largest tax preparer, said in a preliminary earnings report Tuesday that it expected a huge second-quarter loss as it continued to wrestle with its disintegrating mortgage arm.

  • Fed Watch: Is It A 25 or 50 Point Cut? Tuesday, 11 Dec 2007 | 9:18 AM ET

    How aggressive will the Fed be? They are expected to cut 25 basis points and many are expecting a 50 basis point cut in the discount rate. Some are also expecting new innovations to encourage banks to use the discount window.

  • H&R Block Cuts Option One Jobs as Sale Collapses Tuesday, 4 Dec 2007 | 2:29 PM ET
    H&R Block's world headquarters in Kansas City, Missouri.

    H&R Block said on Tuesday it is shutting down Option One Mortgage's lending business and slashing 620 jobs, as its sale of the struggling subprime mortgage unit to Cerberus Capital Management has fallen through.

  • Financials Put The Pressure On Futures Tuesday, 4 Dec 2007 | 9:09 AM ET

    Futures lower this morning on pressure from the financials. The UBS headline for the bank analyst report this morning tells the story: lower earnings ahead. They are adjusting their 2008 earnings expectations for many banks and brokers.

  • H&R Block

    H&R Block, the largest U.S. tax preparer, Friday said the subprime lending unit it is trying to sell has obtained $350 million of new funding capacity from a unit of Royal Bank of Scotland Group.

  • H&R Block CEO Quits After Subprime Losses Tuesday, 20 Nov 2007 | 4:26 PM ET

    H&R Block, the largest U.S. tax preparer, said that Chairman and Chief Executive Mark Ernst had resigned, following mounting losses tied to subprime mortgages.

  • Banks Reduce Credit Lines to H&R Block Mortgage Unit Wednesday, 3 Oct 2007 | 6:46 PM ET

    H&R Block the largest U.S. tax preparer, said on Wednesday bank lines at its Option One Mortgage Corp lending unit were terminated or reduced, as the subprime mortgage company reduces it lending volume.

  • H&R Block Cuts 575 Option One Mortgage Jobs Tuesday, 11 Sep 2007 | 5:59 PM ET

    H&R Block, the largest U.S. tax preparer, on Tuesday said it will eliminate 575 jobs at its Option One Mortgage Corp subprime lending unit, on top of 615 job losses announced on May 15.