Foreclosures | Mortgages | Financing
While former Secretary of State Hillary Clinton may be the frontrunner for the Democratic nomination for president, she’s not the official nominee yet. But that’s not stopping Clinton from attacking the presumptive Republican nominee and attempting to use Donald Trump’s seemingly crass prediction about the housing crisis against him. …read more
From:: Real Estate Wire
Oil futures rallied in electronic trading Tuesday after the American Petroleum Institute reported that U.S. crude supplies fell by 5.1 million barrels for the week ended May 20, according to sources who reviewed the report. Analysts polled by S&P Global Platts forecast a decline of 3.3 million barrels for crude inventories. The closely watched Energy Information Administration report will be released Wednesday. July crude was at $49.21 a barrel in electronic trading, up from the contract’s settlement of $48.62 on the New York Mercantile Exchange.
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From:: Stock Market News
Gilead Sciences Inc. said late Tuesday that it was appointing Kevin Young as chief operating officer. Young served for 10 years as Gilead’s vice president of commerical operations and most recently has been a senior advisor to the biotech company. Gilead shares rose 0.2% to $86.35 after hours.
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From:: Stock Market News
Bunge Ltd. late Tuesday said its board of directors has approved an increase in the agribusiness and food company’s quarterly dividend to 42 cents, from 38 cents. The dividend is payable Sept. 2 to shareholders of record on Aug. 19, the company said. Shares of Bunge were flat in late trading Tuesday after ending the regular session up 1.1%.
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From:: Stock Market News
Shares of Hewlett Packard Enterprise soared 10% after the company said late Tuesday that it will spin off its enterprise services unit and merge it with CSC . The union will create a “a pure-play, global IT services powerhouse,” said HP Enterprise in a statement. CSC Chief Executive Mike Lawrie will become the chairman, president and CEO of the new entity and Meg Whitman will join the board. Once the deal is finalized by March, shareholders of HP Enterprise will own a 50% stake in the newly created company. Separately, Hewlett Packard Enterprise reported second-quarter earnings of $320 million, or 18 cents a share, from $305 million, or 16 cents a share, a year earlier. Year-ago results are calculated as if the company was already independent then. On an adjusted basis, HP Enterprise would have earned 42 cents a share. Revenue grew 1% to $12.7 billion. Analysts surveyed by FactSet had projected earnings of 42 cents a share on revenue of $12.34 billion. For the current quarter, the company projected adjusted EPS of 42 cents to 46 cents.
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
U.S. stocks posted their largest daily gains in nearly three months on Tuesday as financial and tech stocks led a broad-based rally. The S&P 500 gained 27.97 points, or 1.4%, to 2,076, its strongest daily gain since March 11. The Dow Jones Industrial Average gained 212.71 points, or 1.2%, to 17,705.64 — also its strongest gain since March 11. Microsoft Corp. and Visa Inc. were the two strongest performers on the blue-chip gauge. Meanwhile, the Nasdaq Composite climbed 95.27 points, or 2%, to 4,861.06 — its strongest gain since March 1.
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From:: Stock Market News
Toyota Motor Corporation announced an investment in ride-hailing company Uber Tuesday, along with a partnership to develop in-car apps and start a leasing program. With the leasing program, car buyers can lease a vehicle from Toyota and make payments based on earnings made as an Uber driver, according to the release. Toyota’s investment follows a Volkswagen investment in Gett, a ride-hailing competitor, also announced Tuesday, as well as a previous investment by General Motors Co. in Lyft. Toyota made the investment with Mirai Creation Investment Limited Partnership. The financial terms of the deal were not disclosed.
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From:: Stock Market News
Growing demand within the company lead to promotions and new growth. The company promoted two people and brought on a third. See why the company CEO says they are “extremely fortunate” to have their senior team. …read more
From:: Real Estate Wire
The rate of Dayton-area foreclosures is declining, according to a report from a property data company.
CoreLogic reported the rate of Dayton area foreclosures stood at 1.22 percent for March, down from 1.48 percent in March last year.
The report did not define what region it considered the Dayton area.
The report also stated the local mortgage delinquency rate was down. CoreLogic said the rate of loans delinquent for more than 90 days in March was 3.5 percent, down from 4.23 percent last March.… …read more
From:: biz journal foreclosures
Gold futures dropped on Tuesday for a fifth session in a row, settling at their lowest level since mid-April, as upbeat U.S. economic data raised expectations for a Federal Reserve interest-rate hike in June. Gold for June delivery fell $22.30, or 1.8%, to settle at $1,229.20 an ounce.
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