This Old House landscape contractor Roger Cook builds beautiful circular patio that features a chill-chasing fire pit …read more
From:: DIY this old house
How to Build a Round Patio with a Fire Pit
PBOC will tolerate yuan fall to 6.8 per dollar this year: Reuters
The People’s Bank of China is willing to allow the yuan to fall to 6.8 per U.S dollar in 2016, Reuters reported Thursday, citing policy sources. The Chinese currency is already at its lowest against the dollar in more than five years, and a further decline to the 6.8 level would represent a drop of 4.5%. With the policy stance, China’s central bank is aiming to help the country’s economy, which has been hit by weak exports and economic growth, the report said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Disbarred New York lawyer gets 3 years for phony ticket resale, real estate schemes
A disbarred New York attorney will spend more than three years in prison after being convicted on multiple charges stemming from his involvement in a ticket resale fraud scheme and a real estate investment fraud conspiracy that cheated multiple victims out of more than $3 million. …read more
From:: Real Estate Wire
BancorpSouth Settles Redlining Allegations
A settlement has been reached between the government and Bancorp South Inc.’s banking subsidiary over allegations of discrimination and redlining.
Tupelo, Mississippi-based BancorpSouth Bank has agreed to settle allegations that it violated the Fair Housing Act and the Equal Credit Opportunity Act.
The financial institution is accused of redlining by meeting the needs of borrowers in white neighborhoods while avoiding lending in minority neighborhoods.
…read more
From:: Financing
Starz, Lions Gate gain after report of advanced acquisition talks
Starz and Lions Gate Entertainment Corp. both gained in late trading Wednesday after Bloomberg News reported that the two entertainment companies were in advanced talks to merge. Lions Gate was close to acquiring Starz for more than $30 a share and a deal could be announced in the next few days, Bloomberg reported. Rumors of a deal between the two media companies has circulated for more than a year, after Starz’s largest investor, Liberty Media Corp. Chairman John Malone, swapped out a stake in Starz for one in Lions Gate and took a seat on the company’s board. Lions Gate produces film and television content, while Starz owns a premium cable network. Starz shares gained more than 6% in late trading Wednesday to top $30 a share after closing at $28.25; Lions Gate stock added 5% to $22.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
BancorpSouth fined $10.6 million for discriminatory lending, redlining
BancorpSouth will pay $10.6 million to settle charges against the bank by the Department of Justice and the Consumer Financial Protection Bureau, which accused the Mississippi-based bank of redlining and discriminatory lending practices. The agencies accused BancorpSouth of engaged in a number of discriminatory practices, including illegally redlining in Memphis, and implementing an “explicitly discriminatory loan denial policy.” …read more
From:: Real Estate Wire
Pending Home Sales Fall But Still High
Despite the first-year-over-year reduction in almost two years, pending U.S. home sales still came in at the second-highest level during the past 12 months.
As of May, the Pending Home Sales Index — which is a forward-looking indicator of pending home sales that reflects contract signings — was 110.8.
Although the index, which is adjusted for seasonal variations, fell 4 percent from the prior month, it was still at the second-highest level during the last 12 months.
…read more
From:: Financing
Almost 25% of Americans report falling victim to financial data breaches
Nearly one fourth of consumers reported being hacked in the past two years. Cyber security experts at Accenture say it is a growing problem, and yet many consumers are still willing to give their personal information to banks in exchange for more personalized services. …read more
From:: Real Estate Wire
Care.com shares soar as Google Capital takes major stake
Google Capital, a venture capital fund financed by Alphabet Inc. , bought a stake in Care.com Inc. for $46.35 million to become its biggest shareholder, the company said in a statement late Wednesday. Care.com issued convertible preferred shares to Google Capital at an initial conversion price of $10.50 a share, which represents roughly a 20% premium to the stock’s closing price of $8.13 on June 27. Shares of Care.com soared 12% after hours.
Care.com is an online marketplace for managing family care.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Seagate cutting 1,600 jobs as cost-saving measure
Seagate Technology PLC said late Wednesday it was cutting 3% of its workforce to save about $100 million a year. Seagate said it plans to cut 1,600 jobs, which will result in $62 million in charges in the fourth quarter, according to a filing with the Securities and Exchange Commission. The company expects cost savings to begin in September, with an estimated annual savings of $48 million in cost of revenue and $52 million in operating expenses. Seagate shares rose 0.2% to $23.99 after hours, following a 6.3% rally in the regular session.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News