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Key Asian markets strike early to ward off property bubble Wednesday, September 1, 2010 @ 10:44PMSINGAPORE: Key Asian economies fearing a US-style housing market bubble are taking fresh measures to curb runaway property prices as the region leads the global rebound from recession.
Israeli, Palestinian leaders vow to push for Mideast peace deal Wednesday, September 1, 2010 @ 10:40PMU.S. President Barack Obama and the leaders of Israel and the Palestinian Authority on Wednesday vowed to try to strike a Middle East peace deal within a year, setting high expectations for an agreement that has proven elusive for decades.
Photos: Grow-Op Bears from Christina Lake Wednesday, September 1, 2010 @ 10:40PMFeeding grow-op bears, Allen Piche, the self-proclaimed “bear dude” gets close enough to feed these bears dog food.
Senator Graham addressed Tea Party in North Charleston Wednesday, September 1, 2010 @ 10:29PMSenator Graham was invited to speak at Tea Party meeting in North Charleston. He took dozens of questions over an hour and a half.
Misguided Gratitude for Government Stimulus Wednesday, September 1, 2010 @ 10:24PMIn New York, markets enjoyed some brief respite from the blizzard of weak data as reports on the US housing market and consumer confidence proved better than feared. The Conference Board's index of consumer confidence climbed to 53.5 last month from 51 in July...
Former Lehman Brothers executive blames U.S. goverment for company's fall Wednesday, September 1, 2010 @ 10:23PMNEW YORK CITY : Former Lehman Brothers executive Dick Fuld on Wednesday sharply criticized the Federal Reserve and the U.S. government and said at an official inquiry that the firm's 2008 bankruptcy was due to false rumors about a solvency crisis, uncontrollable market forces, and refusal by the U.S. government to help, the Guardian reported.
Greene sues over campaign coverage Wednesday, September 1, 2010 @ 9:54PMPalm Beach billionaire Jeff Greene accused The Miami Herald and St. Petersburg Times in a libel lawsuit filed Wednesday of orchestrating a ``plan to assassinate [his] character'' that cost him the Democratic primary for the U.S. Senate in Florida.
Program to increase homeownership Wednesday, September 1, 2010 @ 9:54PMAuthor(s): Cain Madden Lafayette-Oxford-University (LOU) HOME could help those below the income median and in need of a home purchase a $125,000 home for $75,000. Show Author Info?: Show Author Info? Teaser: Lafayette-Oxford-University (LOU) HOME could help those below the income median and in need of a home purchase a $125,000 home for $75,000. Main Image: News_Home_StockExchange.jpg ...
Updated: Senior B.C. officials discussed the HST before the election, documents reveal Wednesday, September 1, 2010 @ 9:47PMSenior B.C. government officials began discussing the harmonized sales tax with Ottawa as early as March 2009 — almost two months before the provincial election, and far earlier than the B.C. Liberals have previously acknowledged, newly released documents show.
Updated: HST briefing notes warned tax would hurt economy Wednesday, September 1, 2010 @ 9:47PMThe B.C. government pushed ahead with the harmonized sales tax in 2009 even though, four months before it signed the deal, its own officials warned the new tax could hurt the economy and result in job losses and lower wages for five years, newly released documents show.
Housing starts to moderate for rest of year Tuesday, August 31, 2010 @ 9:26AMHousing starts are expected moderate in the second half of this year and stabilize in 2011 at levels consistent with demographic trends, Canada Mortgage and Housing Corporation says.
Letter that's helped to build success Tuesday, August 31, 2010 @ 9:20AMWITH the building trade in the doldrums and the credit crunch at its height, Harrogate project manager Andrew Oldfield feared the worst when he was given the stark news he was being made redundant. (31/08/2010 15:14:16)
TREASURIES-Bonds gain for a second day on recovery fears Tuesday, August 31, 2010 @ 9:09AMTREASURIES-Bonds gain for a second day on recovery fears
House starts to stabilize: CMHC Tuesday, August 31, 2010 @ 9:01AMCanada Mortgage and Housing Corp. predicts building rate will follow demographic trends in 2011
Banks Lead French Market Fall Tuesday, August 31, 2010 @ 8:43AMThe French market is moderately down in afternoon trading Tuesday, led by banks. Sentiment was impacted by global economic worries and weak cues from Asia/Pacific.
Housing starts to moderate for rest of year; to stabilizing in 2011 Tuesday, August 31, 2010 @ 8:37AMOTTAWA - Housing starts are expected moderate in the second half of this year and stabilize in 2011 at levels consistent with demographic trends,
Zac Bissonnette: How Student Debt Will Ruin Your Life Tuesday, August 31, 2010 @ 8:37AMIn my book Debt-Free U: How I Paid For An Outstanding College Education Without Loans, Scholarships, Or Mooching Off My Parents, I show families how...
A.M. Best Revises Outlook to Stable for Ameriprise Financial, Inc. and Its Life Subsidiaries; Upgrades ICRs of P/C ... Monday, August 30, 2010 @ 2:34PMOLDWICK, N.J.----A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A+ and issuer credit ratings of “aa-” of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York. .
National News More>> Monday, August 30, 2010 @ 2:14PMNEW YORK (AP) - Nine-term New York City Congresswoman Carolyn Maloney may have a real fight on her hands.
Home Prices Rose 3.1% During 2Q On Tax-Credit Impact -Freddie Monday, August 30, 2010 @ 1:57PMHome Prices Rose 3.1% During 2Q On Tax-Credit Impact -Freddie
Another Homebuyer Tax Credit? Monday, August 30, 2010 @ 1:28PMFrom HUD to the hedge funds, talk of another home-buyer tax credit is gaining steam.
Judge OKs W Union Square Plan Monday, August 30, 2010 @ 1:18PMNEW YORK CITY-A federal bankruptcy judge has confirmed the plan first announced last month to transfer ownership of the W New York—Union Square to a group led by Host Hotels & Resorts LP. LNR Partners Inc., the special servicer on the high-end hotel’s $115-million mortgage, had filed papers last week in US Bankruptcy Court in Delaware objecting to the transfer on grounds that the mortgage debt ...
Brazil Studies Tax Breaks To Stimulate Infrastructure, Housing Credit Monday, August 30, 2010 @ 1:15PMBrazil Studies Tax Breaks To Stimulate Infrastructure, Housing Credit
Involta, LLC Announces Plan to Build Enterprise Data Center in Akron, Ohio Monday, August 30, 2010 @ 1:12PMCEDAR RAPIDS, Iowa, Aug. 30 /PRNewswire/ -- Involta, LLC announces plans to build and operate a 46,000 square foot hardened enterprise data center in Akron, Ohio. Design of the facility is currently underway and Involta anticipates the facility will be fully operational by fourth quarter of 2011. The high-security colocation data center will house mission critical computer systems and related ...
Read today's letters to the editor Monday, August 30, 2010 @ 6:36AM6:18 A.M. — On Aug. 14, Social Security observed its 75th anniversary. It is a time to celebrate this dramatically successful safety net program that is rock solid for us and our families as we go through today's difficult economic times.
Late payments on auto loans fall in 2nd quarter Monday, August 30, 2010 @ 6:28AM(AP:NEW YORK) In another sign that borrowers have taken tighter control of their debt, late payments on auto loans dropped in the second quarter.
Saudi Arabia: Real Estate Returns To Growth As Developments Gain Pace Monday, August 30, 2010 @ 6:28AMSaudi Arabia 29 August 2010: Real estate prices are on the rise in parts of Riyadh and Jeddah as Saudi Arabia's growing population drives up demand for residential properties, according to research undertaken by the Consulting Division of Oxford Business Group (OBG).
Refinancing? Rates on auto loans are falling, too Monday, August 30, 2010 @ 6:14AMNEW YORK - It's easy to overlook the cost of auto loans with mortgage rates grabbing all the attention. Yet rates on auto loans have edged lower as the cost of lending has gone down for banks. And car buyers who didn't get the best terms in the past year or so can capitalize by refinancing their loans. Here's a rundown on auto refinancing. How Does It Work?
How Steel got the Wachovia deal done Monday, August 30, 2010 @ 5:59AMThis article is adapted from "Banktown: The Rise and Struggles of Charlotte's Big Banks" by Rick Rothacker, published by John F. Blair, Publisher (Winston-Salem).
Xerox Renews, Premier Office Centers Expands Monday, August 30, 2010 @ 5:02AMSANTA ANA, CA-Xerox Corp. has signed a lease renewal for 41,748 square feet of office space at its namesake Xerox Centre and executive suites operator Premier Office Centers has taken 16,822 square feet at Griffin Towers that translates to a net gain for Orange County's office market in two of six recently signed office leases totaling more than 100,000 square feet in the county.
Developer landed insurance policy 8 days before fire Monday, August 30, 2010 @ 4:53AMDeveloper John Kline obtained a $4 million homeowners policy from American Family Insurance just eight days before his home burned to the ground. The company alleges the fire was intentionally set by Kline and his wife, Michelle.
Monetarists Follow Milton Friedman to the Grave: Caroline Baum Monday, August 30, 2010 @ 4:13AMMilton Friedman , Nobel Laureate in Economics, died in 2006. Monetarism, the school of thought he founded, seems to have died with him, judging from recent comments.
Flying blind Monday, August 30, 2010 @ 4:12AMWatching economists and media analysts react to breaking economic news is a bit like looking at a flock of pigeons flying over the New York skyline.
2nd business protests exclusion from the bidding phase of a Pennsylvania contract Monday, August 30, 2010 @ 3:30AMA state contract awarded this month to a firm to provide criminal background clearances for teachers, mortgage brokers and foster parents is drawing more fire.
HUD secretary checks western ND housing shortage Monday, August 23, 2010 @ 8:28PM(AP:BISMARCK, N.D.) The secretary of the U.S. Department of Housing and Urban Development got a firsthand look Monday at northwestern North Dakota's housing shortage, caused by the region's booming oil industry.
Potash rejects takeover bid by BHP Billiton Monday, August 23, 2010 @ 7:55PMPotash Corp. of Saskatchewan Inc. said its board voted unanimously to reject BHP Billiton's hostile $38.5 billion takeover offer as it doesn't reflect the strong growth the company believes it is poised to enjoy.
Insurer could pay $250,000 in Greene harassment charge Monday, August 23, 2010 @ 7:33PMAn insurer for the Philadelphia Housing Authority has reportedly agreed to pay $250,000 to settle a sexual harassment claim against executive director Carl R. Greene, but PHA still faces a host of other controversies.
Southeast Minnesota Home Sales Monday, August 23, 2010 @ 6:53PM(ABC 6 NEWS) -- It's a buyer's market, according to realtors in the area, but in one community people are doing more waiting than selling. "Price reduced." There's no shortage of those signs in St. Charles, but by no means are these houses flying off the market.
In short Monday, August 23, 2010 @ 6:50PMA roundup of today's other business news in brief
Mortgage sector hit by 40% fall-off in second quarter Monday, August 23, 2010 @ 6:49PMMORTGAGE LENDING fell by 40 per cent in the second quarter of this year as the number of new mortgages drawn down slumped to 7,827, and the average loan size dropped to €166,770, according to the latest Irish Banking Federation/PricewaterhouseCoopers (IBF/PwC) Mortgage Market Profile.
Cantillon Monday, August 23, 2010 @ 6:49PMInside the world of business
Mars Rover Opportunity Update: Opportunity Keeps on Driving to Endeavour Crater Monday, August 23, 2010 @ 6:25PMOpportunity again drove five times in the past week, adding more to the total rover odometry as she makes her way to Endeavour crater.
Rossi, Hastings visit Moses Lake Monday, August 23, 2010 @ 6:17PMCandice Boutilier/Columbia Basin Herald U.S. Senate candidate Dino Rossi, R-Bellevue, met with supporters in Moses Lake Friday morning.
Boston Properties to Acquire Asset Monday, August 23, 2010 @ 6:13AMBoston Properties Inc., a real estate investment trust , has recently announced its plans to acquire 510 Madison Avenue, a newly-constructed 350,000 square feet Class-A office property in New York City, for approximately $280.5 million.
First BanCorp Announces Relevant Price and Exchange Ratios for Preferred Stock Exchange Offer Monday, August 23, 2010 @ 6:00AMSAN JUAN, Puerto Rico----First BanCorp. , , , , , , today announced that it has determined the Relevant Price and Exchange Ratios in connection with its previously communicated offer to exchange up to 256,401,610 newly issued shares of its common stock, par value $1.00 per share , for any and all of the issued and outstanding shares of Non-Cumulative Perpetual Monthly Income Preferred Stock ...
Mortgage Fraud Cases Jump 55% Monday, August 23, 2010 @ 6:00AMA big surge in the number of active mortgage fraud cases helped push the Second Quarter 2010 FraudBlogger.com Index higher. The heavier caseload follows increased efforts by the Obama administration to prosecute mortgage crimes.
J.C. Flowers Said to Be Bidding for Ireland’s EBS Monday, August 23, 2010 @ 5:27AMJ.C. Flowers is bidding to take control of EBS, Ireland's biggest customer-owned lender, a person with knowledge of the talks told Bloomberg News.
The next collapse Monday, August 23, 2010 @ 5:27AMBloomberg's Laura Litvan reported on August 19: "The US Congressional Budget Office predicted the budget deficit for fiscal year 2011 will be $1.066 trillion, revised up from an estimate of $996 billion in March ...
What Does Forest City’s Foundry Lofts Financing Say? Monday, August 23, 2010 @ 5:18AMWASHINGTON, DC-Forest City Enterprise closed a $46.1-million, HUD-insured mortgage loan for Foundry Lofts, its 170-unit multifamily apartment building at the Yards, the company’s mixed-use project in southeast DC. The project stalled last year for several reasons, not the least of which was a lack of financing for the construction.
Seven must-have real estate contract conditions Monday, August 23, 2010 @ 5:11AMIt's a good idea to educate yourself on the not-so-obvious parts of a real estate contract