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Architects see uptick in home upgrades Sunday, March 14, 2010 @ 1:17AMCHICAGO — Instead of playing the trade-up game, more homeowners are staying in their homes, upgrading kitchens and baths and building additions to accommodate their needs instead of moving into a bigger house, but there are also some early signs of...
Asian stocks rise on US jobs and recovery hopes Saturday, March 13, 2010 @ 10:04AMAsian stocks rose, driving the MSCI Asia-Pacific Index higher for a third week, as better-than-estimated US jobs data and easing concern over Greece’s debt spurred confidence in a global economic recovery.
Briefs: hhgregg stores open in Hampton Roads Friday, March 12, 2010 @ 11:13PMThe Indianapolis-based chain opened two stores this week in Hampton Roads—in Newport News and Virginia Beach. On March 25, hhgregg will open a store in Colonial Heights—its third in the Richmond area—and one in Roanoke. Shenandoah Valley says a typical consumer using 1,000 kilowatt-hours of electricity per month will see his or her monthly bill decrease from $122.28 in March 2009 to $108.49.
Tax, job concerns depress house sales Friday, March 12, 2010 @ 10:11AMThe housing market is still weak, with extremely low sales volumes and more listings as buyers are put off by expected property tax changes in the Budget and worries about job prospects, economists say.
Credit Feast And Famine Friday, March 12, 2010 @ 9:07AMWhy isn't the economy booming? The Fed's high-powered money isn't going into bank deposits and loans to businesses and individuals.
Swanky SoBe Shore Club hit with foreclosure suit Friday, March 12, 2010 @ 8:02AMStill charging premium rates, September was when hotel made most recent mortgage payment Even $3,000 suites weren't enough to keep the lenders at bay at the Shore Club, which got hit with a foreclosure suit this week.
Schwab Reports Monthly Activity Highlights Friday, March 12, 2010 @ 7:45AMSAN FRANCISCO----The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of February 2010 include: Net new assets brought to the company by new and existing clients in February 2010 totaled $7.9 billion.
Alter NRG reports 2009 activities and financial results Friday, March 12, 2010 @ 7:30AMTSX - NRG; OTCQX - ANRGF) - Alter NRG Corp., is pleased to report on its corporate activities and financial results for the year ended December 31, 2009.
Reggie Middleton: Reality Check for Bank Investors, Mortgage Investors and Home Buyers Friday, March 12, 2010 @ 3:01AMLast week I posted a Bloomberg news article supporting my suspicions that investors are putting bad loans back to the banks at an increasing...
China to crack down on land misuse Friday, March 12, 2010 @ 3:01AMChina will launch a nationwide campaign to crack down on the real estate industry as it tries to rein in sky-rocketing property prices, state media said Friday.
Michael Lewis Casts Risk-Eating Short-Sellers as Slump’s Heroes Friday, March 12, 2010 @ 2:21AMThe latter was Lewis’s debut, a devastating account of his four-year career as a bond trader at Salomon, which culminated in the crash of 1988. He has gone on to write best sellers on politics (“ Trail Fever ”), Silicon Valley (“ The New New Thing ”), sports (“ Moneyball ,” “ The Blind Side ”) and fatherhood (“ Home Game ”). The man, as they say, has range.
Dubai home finance set to return this year Friday, March 12, 2010 @ 12:45AM10 March 2010 There is good news for the Dubai property market, as lenders are set to come back with increased budgets this year over 2009. Utpal Bhattacharya finds out more.
Boise No. 10 for falling home prices Friday, March 12, 2010 @ 12:29AMSales of Valley homes increased 38 percent in February over a year ago, and the number of homes listed for sale decreased 22 percent. But median prices fell again in Ada County.
Foreclosure Rates Up by Smallest Amount in 4 Years Friday, March 12, 2010 @ 12:01AMWASHINGTON (AP) – The foreclosure crisis isn’t over, but the pace of growth may finally be slowing down.RealtyTrac Inc. reported Thursday that the num....
Citizens, Inc. Reports Year-End Results Wednesday, March 10, 2010 @ 5:14PMCitizens, Inc. reported net income of $17.3 million or $0.31 basic and diluted earnings per share of Class A common stock for the year ended December 31, 2009 compared to a net loss of $15.7 million or $0.42 basic and diluted losses per share of Class A common stock for the year ended December 31, 2008.
Housing market could overheat: Desjardins Wednesday, March 10, 2010 @ 5:02PMAs house prices continue to rebound, policymakers may need to consider reversing measures that were adopted to promote the accessibility of home ownership in Canada, a new report by Desjardins Economics suggests.
/C O R R E C T I O N -- Cogdell Spencer Inc./ Wednesday, March 10, 2010 @ 4:59PMFeb-2010 by Cogdell Spencer Inc. over PR Newswire, we are advised by the company that in the Condensed Consolidated Statements of Operations table, the Net income for Dec. 31, 2009 should read "1,956" rather than "" and Net income attributable to Cogdell Spencer Inc. for Dec. 31, 2009, should read "1,556 " rather than "" as originally issued inadvertently.
Steel Industry Stock Review - March 2010 Wednesday, March 10, 2010 @ 4:51PMThe largest drivers of steel consumption have historically been the automotive and construction markets, which absorb more than 50% of total steel production. We are favorable on NUE, AKS and STLD, but not on PKX or ATI.
Capital Senior Living Corporation Reports Fourth Quarter and Full Year 2009 Results Wednesday, March 10, 2010 @ 4:46PMDALLAS----Capital Senior Living Corporation , one of the country’s largest operators of senior living communities, today announced operating results for the fourth quarter and full year 2009.
Grey Horse Reports 2009 Results Wednesday, March 10, 2010 @ 4:30PMTORONTO, ONTARIO-- - Grey Horse Corporation , a Canadian financial services company serving the corporate and institutional market, reported today its financial results for the fiscal year and three months ended December 31, 2009.
Grey Horse Reports 2009 Results Wednesday, March 10, 2010 @ 4:30PMTORONTO, ONTARIO--(Marketwire - 03/10/10) - Grey Horse Corporation (TSX: GHC - News ) ("Grey Horse" or "the Corporation"), a Canadian financial services company serving the corporate and institutional market, reported today its financial results for the fiscal year and three months ended December 31, 2009. Financial Highlights (all amounts, except per-share, are in $000s unless otherwise stated ...
More Consumers Pay Credit Card, Skip Mortgage Payments Wednesday, March 10, 2010 @ 4:29PMRISMEDIA, March 11, 2010—(MCT)—U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit card obligations. But an alarming trend is emerging: A small but growing number of people are skipping…
C.A. Bancorp Canadian Realty Finance Corporation Announces 2009 Financial Results, Provides Market Update, Review of ... Wednesday, March 10, 2010 @ 4:24PMTORONTO, ONTARIO--(Marketwire - March 10, 2010) - C.A. Bancorp Canadian Realty Finance Corporation ("CRFC" or the "Corporation") (TSX:RF.PR.A)(TSX:RF.A) is pleased to announce a net asset value ("NAV") per Class A Share of $9.35 as at December 31, 2009. The NAV is calculated in accordance with the requirements of National Instrument 81-106. The Corporation has filed its annual financial ...
Colony Financial Announces 2009 Financial Results Wednesday, March 10, 2010 @ 4:15PMLOS ANGELES----Colony Financial, Inc. today announced financial results for the period from the Company’s inception on June 23, 2009 to December 31, 2009.
Greece's debt crisis may be felt on U.S. soil Saturday, March 6, 2010 @ 7:38PMGreece's debt crisis may be felt on U.S. soil
Congress battling over consumer agency Saturday, March 6, 2010 @ 1:09PMOne of the most contentious issues in Congress, after health care, is the proposed creation of an independent consumer protection agency for financial products such as bank accounts, credit cards, mortgages and some student and auto loans. Many Democrats and... Credit card - Financial services - Loan - Business - Bank account
Playhouse curtain rose 30 years ago Saturday, March 6, 2010 @ 12:16PMIt was considered a “miracle” in 1980 when a small group of theater buffs made a permanent home for the Whidbey Playhouse on Oak Harbor’s Midway Boulevard. What began as a semi-nomadic company performing in elementary schools and the basement of credit unions is today an engaging theatrical enterprise on the grounds of a historic former church.
Secure Your Future Forever With These Stocks Saturday, March 6, 2010 @ 7:08AMInvest for life.
Mortgage rates fall Saturday, March 6, 2010 @ 5:50AMMcLEAN, Va. (AP)--Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.
Seacoast Realtors predict housing rebound in 2010 Saturday, March 6, 2010 @ 1:12AMPORTSMOUTH — According to the Seacoast Board of Realtors and other local experts who convened on a panel Friday morning, there are indicators predicting the housing market is set to improve in 2010 — but it's difficult to gauge by how much.
Budget to underpin Hong Kong economy Saturday, March 6, 2010 @ 1:10AMThis year's Hong Kong Government Budget proposes a series of measures to consolidate its economic recovery from the global financial crisis, and develop its economy.
Hong Kong expecting strong economic growth in 2010 Saturday, March 6, 2010 @ 1:09AMFinancial Secretary, John Tsang expects the Hong Kong economy to grow by 4 to 5% this year.
GOLD ANALYSIS Saturday, March 6, 2010 @ 1:07AMGold is the standard! Midas Letter publisher James West believes gold is the store of value everybody resorts to when times are rough. Interview with The Gold Report.
Debt's not so bad, in small doses Thursday, March 4, 2010 @ 10:34AMI'm thinking of a four-letter word that might make your heart race: debt. Basic human instinct seems to tell us debt is bad - to be avoided entirely or paid off as quickly as possible. As Polonius advises his son Laertes in Hamlet, ''Neither a borrower nor a lender be.''
Fed Fights Deflationary Demons Thursday, March 4, 2010 @ 10:18AMIn the wake of a credit collapse with unemployment at double-digit rates, what Ben Bernanke fears most is deflation. It's here.
Mortgages: 30-year fixed-rate mortgage back below 5% Thursday, March 4, 2010 @ 10:02AMCHICAGO (MarketWatch) -- Average rates on 30-year fixed-rate mortgages fell back below 5% this week, returning to match levels seen two weeks ago, Freddie Mac's chief economist said on Thursday.
Family Faces Foreclosure, Wonders What's Next Thursday, March 4, 2010 @ 9:43AMAs Coloradans work to beat the recession,foreclosures continue to plague Colorado. The state has the 12th highest foreclosure rate in the nation according to a national report.
Bankers group sees signs that foreclosures are slowing Thursday, March 4, 2010 @ 9:36AMMar. 4--Although the number of local foreclosures filed last month were just slightly lower than the month before, some believe the nation's housing market is beginning to turn around.
Decoupling of Gold from its Fundamentals Thursday, March 4, 2010 @ 8:45AMIn August 2009, I expected the boom market for gold to be halted at a $ 1,000 level due to an earlier than expected recovery of the worldwide economy.
Letters to the Editor: March 3, 2010 Thursday, March 4, 2010 @ 8:28AMLetters to the Editor: March 3, 2010
Thousands facing a mortgage timebomb Wednesday, March 3, 2010 @ 9:00PMThousands of homeowners in Northern Ireland are facing massive mortgage payment shortfalls, financial experts have warned. Some householders who took out endowment policies when they bought their properties could even be forced to sell up because of the stock market slump. Related Stories Payout for girl bitten by circus monkey Irishman jailed over child porn at Dutch airport Ulster Grand ...
U.K. Pay Growth Slows to the Weakest Pace Since at Least 2004 Wednesday, March 3, 2010 @ 8:55PMMarch 4 (Bloomberg) -- U.K. take-home pay growth slowed in February to the weakest pace since at least 2004 as the manufacturing slump prompted factories to curb wage increases, a survey showed.
First Federal of Northern Michigan Bancorp, Inc. Announces Fourth... Wednesday, March 3, 2010 @ 7:41PMMichigan and national economies and their negative impact on real estate values in our market area and the financial strength of our borrowers. The level of problem assets and costs associated with th...
Signs of Hope Seen in Investment Sales Activity Wednesday, March 3, 2010 @ 7:37PMLarge dollar property sales seem to be emitting faint sparks of hope for the commercial real estate outlook so far in 2010, particularly in the multifamily and hospitality sectors. To be certain, the number of property sales with price tags of $5 million...
Warren Buffett Letter Highlights Wednesday, March 3, 2010 @ 5:12PMBy Valuehuntr. Warren Buffett's annual letter to shareholders was released over the weekend. Here are the highlights: Read more » »
Consumer bankruptcies soar in Waterloo Region and Guelph Wednesday, March 3, 2010 @ 5:12PMThe number of people declaring personal bankruptcy skyrocketed in Waterloo Region and Guelph last year as high debt loads collided with lower incomes.
(AFX UK Focus) 2010-03-03 22:20 UPDATE 2-Fannie Mae Jan portfolio down, delinquencies jump Wednesday, March 3, 2010 @ 4:43PMNEW YORK, March 3 (Reuters) - Fannie Mae, the largest provider of funding for U.S. home mortgages, on Wednesday said its mortgage investment portfolio shrank significantly in January, while delinquencies on loans it guarantees accelerated in the prior month. The portfolio decreased by an annualized 44.8 percent rate to $735.2 billion in January from $772.5 billion the previous month, the ...
First Federal of Northern Michigan Bancorp, Inc. Announces Fourth Quarter 2009 and Full Year Results Wednesday, March 3, 2010 @ 4:25PMFirst Federal of Northern Michigan Bancorp, Inc. reported a consolidated net loss from continuing operations of $3.1 million, or $1.07 per basic and diluted share, for the quarter ended December 31, 2009 compared to a consolidated net loss from continuing operations of $2.3 million, or $0.81 per basic and diluted share, for the quarter ended December 31, 2008. Â
Melcor Developments Ltd. (TSX: MRD) Reports Earnings for 2009 Wednesday, March 3, 2010 @ 4:02PMEDMONTON, ALBERTA-- - Melcor Developments Ltd. , an Alberta based public real estate development company, recorded net earnings of $23,224,000 or $0.78 per share for the twelve months ended December 31, 2009 on revenue of $136,608,000 compared with earnings of $41,021,000 or $1.32 per share on revenue of $108,436,000 for the same period in 2008.
IIF group issues warning on market risks Wednesday, March 3, 2010 @ 3:46PMAn international group of market watchers says that it is worried about the re-emergence of possible systemic risks due to regulatory reform uncertainty and the fiscal policy tightrope that many countries are walking.