Target recalls 2,600 Hanukkah menorahs for fire hazard

Target Corp. recalled about 2,600 Hanukkah menorahs sold from October 2015 through December 2015 for about $20, because of a fire hazard, according to the U.S. Consumer Products Safety Commission. The clear acrylic menorahs, in a pyramid design and 10.5 inches long, can melt when the candles are burning, posing a fire hazard, the CPSC said. Target has received eight reports of melting, including three reports of fire, but no property damage or injuries. Target shares shed 1.9% in afternoon trade, and have edged up 0.8% year to date. The S&P 500 has ticked up 0.2% so far this year.

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.

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From:: Stock Market News

Gold settles at a more than one-week high

Gold futures settled higher on Tuesday, finding support from weakness in U.S. equities and the dollar. However, comments from Federal Reserve officials on the potential for future interest-rate hikes limited gains for the metal. June gold settled at $1,276.90 an ounce, up $2.70, or 0.2%. That was the highest settlement since May 6.

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.

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From:: Stock Market News

Gold settles at a more than one-week high

Gold futures settled higher on Tuesday, finding support from weakness in U.S. equities and the dollar. However, comments from Federal Reserve officials on the potential for future interest-rate hikes limited gains for the metal. June gold settled at $1,276.90 an ounce, up $2.70, or 0.2%. That was the highest settlement since May 6.

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.

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From:: Stock Market News

Infant bicycle helmets sold at Target recalled for risks of injury

Infant bicycle helmets imported by Wisconsin-based Pacific Cycle Inc., and sold exclusively in China, are being recalled because of choking and magnet ingestion hazards, according to U.S. Consumer Product Safety Commission. The China-made helmets, with magnetic non-pinch plastic-covered buckle chin straps for infants ranging from one to three years old, were sold exclusively at Target Corp. stores and Target.com from January 2014 through April 2016, for between $18 and $25. The recall comes after Pacific Cycle received three reports of the plastic cover coming loose, although no injuries have been reported. Target’s stock was down 1.1% in afternoon trade. It has gained 1.6% year to date, while the SPDR S&P Retail ETF has shed 5.2% and the S&P 500 has ticked up 0.6%.

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.

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From:: Stock Market News

5 Steps to Decluttering Your Apartment Patios this Summer

By Mary Girsch-Bock

Spring and Summer Bring the Clutter

On my way to work one morning, I passed an apartment complex about a mile from my house. While the complex itself appeared to be neat and clean, the resident balconies were filled with clutter. Taking a quick detour through the complex, I saw more balconies than not that were full of items, most of them unidentifiable. I even saw a few bicycles leaning up against the unit walls, and even one just sprawled across the lawn in front of the resident patio.

Aside from the balcony/patio clutter, the complex was tidy; trees trimmed, recently painted, flowers planted by the leasing office. And while I applaud management for keeping the complex tidy, the fact remains that they can have the most pristine grounds, but a visitor’s eye will go immediately toward the clutter that is displayed on those balconies.

Though balcony/patio restrictions are typically included in any multi-unit lease, this is one area that even the best of tenants can abuse. It’s also one of the areas that is hard to enforce. While it’s simple enough to drive through the complex and note balcony/patio clutter, property managers with limited staff often cite the need to focus on the bigger issues.

Unfortunately, while the manager may see a harmless infraction, a potential tenant sees an unsightly apartment community – which immediately makes this a bigger issue. So, what are the best ways to keep this very common problem under control? Here are a few ideas:

  • Address the balcony/patio restrictions with all potential tenants, with new tenants signing a form stating that they have been notified about those restrictions. This way, if balcony or patio clutter becomes an issue down the road, you have a written acknowledgement that the tenant was notified about any restrictions.
  • Be very clear about what is and what is not able to be on a resident’s balcony or patio. This may vary from community to community, but providing tenants with a list of what can and cannot be stored on their balcony may prevent them from inadvertently violating the rules due to lack of knowledge.
  • If possible, offer alternative storage solutions. Perhaps strike a deal with a neighborhood storage facility that will offer your tenants a discount.
  • Actively enforce the policy. While many managers may be reluctant to potentially anger a good tenant over this issue, remember that messing balconies and patios can have a direct effect on leasing rates. Create a system, where you can easily track violators – perhaps approaching them informally the first time. Like any other lease violation, the penalties should become progressively more severe if the issue is not resolved.
  • Offer a ‘Prettiest Balcony’ contest, allowing residents to have a little bit of fun and utilize their creativity. If residents take pride in their balcony, they’re much less likely to fill it with clutter.

Start enforcing your balcony or patio restrictions today, and by summer time, you’ll have the prettiest balconies in the neighborhood.

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From:: Property Management

Hertz’s stock rockets toward best gain in 7 years

Shares of Hertz Global Holdings Inc. soared 15% in midday trade Tuesday, putting it on course for the biggest one-day percentage gain in about seven years. Volume of 10.9 million shares was already more than the full-day average of 9.4 million shares. The last time the stock rose this much was June 25, 2009, when it shot up 16%. The gains came after the company disclosed that some key executives bought the car rental company’s common stock over the last couple days. Chief Executive John Tague bought 47,000 Hertz shares at $7.85 on Friday and 19,000 shares at $7.80 on Monday; Chief Financial Officer Thomas Kennedy purchased 40,000 shares at $7.76 on Friday; and Chief Revenue Officer Jeffrey Foland bought 65,000 shares at $7.63 on Friday. Hertz’s stock boon also appeared to benefit investors of rival Avis Budget Group Inc. , with shares surging 6.6%. The stock was still down 38% year to date, while the S&P 500 had gained 0.9%.

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From:: Stock Market News

Dow, S&P 500 weakness belie strength in broader stock market

It wouldn’t be right to say the stock market is down Tuesday, just because the Dow Jones Industrial Average and the S&P 500 are firmly lower in midday trade. Advancing stocks are outnumbering decliners by a 1,582 to 1,279 margin on the NYSE, and by a 1,230 to 1,175 score on the Nasdaq. The Dow Jones Transportation Average was shooting up 142 points, or 1.9%, with all 20 of its components trading higher. Market watchers tend to keep a close eye on the transport sector, because it is widely viewed as a useful indicator of global economic growth. In addition, the Russell 2000 Index of small-capitalization stocks, which many view as an indicator of investor risk tolerance, was up 0.1%. The Dow was down 77 points, and the S&P 500 was losing 0.4%.

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.

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From:: Stock Market News