Foreclosures | Mortgages | Financing
A new report from TransUnion shows that credit delinquencies increased due to the oil slump, but one market seems immune. Mortgage loan delinquencies defied the other credit markets, and actually decreased from last year. …read more
From:: Real Estate Wire
A look at actor and woodworker Nick Offerman’s visit to the Ask TOH workshop …read more
From:: DIY this old house
Actor and woodworker Nick Offerman visits the Ask TOH workshop to play “What Is It?” and offer advice for novice woodworkers …read more
From:: DIY this old house
Actor and woodworker Nick Offerman visits the Ask TOH workshop to play “What Is It?” and offer advice for novice woodworkers …read more
From:: DIY this old house
Get these in the ground now, and they’ll achieve full size and peak color in just weeks, putting on a show right through the hotter months ahead …read more
From:: DIY this old house
Staples Inc. announced plans for change after the office-supply company’s $6.3 billion merger deal with Office Depot Inc. was called off Tuesday. The company, which will pay a $250 million breakup fee in the wake of the failed merger fight, said in a news release that it is initiating a $300 million cost-reduction plan, cancelling a deal to sell $550 million in corporate contracts to Essendant Inc. , and exploring strategic alternatives for its European operations. Staples also said it will now “pursue acquisitions of business-to-business service providers and companies specializing in categories beyond office supplies to build scale and credibility and accelerate growth in these areas.” Staples said that it expects to close 50 stores in North America and repurchase roughly $100 million in stock this year. Staples stock fell more than 10% in late trading Tuesday before being halted.
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
Office-supply retail giants Staples Inc. and Office Depot Inc. announced Tuesday that they are calling off a proposed $6.3 billion combination after an antitrust fight with the federal government, an ending similar to the two companies’ attempt to merge nearly 20 years ago. Office Depot announced that the two companies would terminate their merger agreement on May 16, after a judge Tuesday ruled for the Federal Trade Commission in granting a preliminary injunction halting the deal on antitrust grounds. “While we are respectful of the Court’s decision to grant the FTC’s request for a preliminary injunction to prevent our merger with Staples, we are disappointed by this outcome and strongly believe that a merger would have benefitted all of our customers in the long term,” Office Depot Chief Executive Roland Smith said in Tuesday’s announcement, adding the companies would not appeal. Staples and Office Depot also called off a merger attempt in 1997 after the FTC fought it in court. The two stocks were halted in after-hours trading after plunging in response to the judge’s decision, with Staples falling more than 10% and Office Depot losing more than 26% before the halt.
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
Staples Inc. and Office Depot Inc. both plunged in late trading Tuesday after a judge reportedly blocked the two office-supplies retailers from merging. The U.S. Federal Trade Commission had requested a preliminary injunction blocking the merger on antitrust grounds, and a judge Tuesday approved that request, according to The Wall Street Journal. The two retail chains agreed to merge in a $6.3 billion deal announced in February. The stocks were halted after plunging in after-hours trading, with Staples declining more than 10% and Office Depot dropping more than 26% before the halt.
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
Alaska Air Group Inc. shares ticked higher in the extended session Tuesday after S&P Dow Jones Indices said the airline would join the S&P 500 Index . Alaska Air shares advanced 1.1% to $70.10 after hours. The airline will replace SanDisk Corp. , which is being acquired by Western Digital Corp. , at the close of trading Thursday.
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
By its own admission, American International Group is set to break ground in the risk-transfer space as the company announced Monday that it obtained an insurance policy designed to cover any losses the company might suffer on a series of crisis-era mortgages that are currently insured by its mortgage insurance subsidiary, United Guaranty. …read more
From:: Real Estate Wire