Rams make quarterback Jared Goff the No. 1 pick in NFL Draft

Quarterback Jared Goff was selected by the Los Angeles Rams as the first pick in the 2016 NFL Draft on Thursday night in Chicago. In three seasons at the University of California at Berkeley, Goff set 26 school records, including career marks for most passing yards (12,220), touchdown passes (96) and yards per game (329.7), and in 2015 Goff set Pac-12 season records for most yards passing (4,719) and touchdown passes (43). Goff joins an offensively deprived team,and will likely be the starting quarterback when the Rams take the field in Los Angeles for the first time in two decades, after moving back from St. Louis in the offseason. Goff is in line to make more than $6 million a year with his rookie contract. Last year’s top pick, quarterback Jameis Winston, signed a four-year deal worth $25.3 million with the Tampa Bay Buccaneers, including $16.7 million in guarantees. Goff is the first Cal player to be the No. 1 draft pick since quarterback Steve Bartkowski was selected by the Atlanta Falcons in 1975.

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

Attention Realtors: You may be victim of massive nationwide advertising scam

Realtors and real estate agents all across the country may be victims of a massive advertising scam that promised local ad placement but instead resulted in the theft of $2 million. A Louisiana man induced Realtors and real estate agents to pay thousands of dollars for advertising on major television networks, but instead of providing the services he promised, the man allegedly used the money for New Orleans Saints season tickets, among other things. …read more

From:: Real Estate Wire

Ocwen responds to National Mortgage Settlement foreclosure holds

Early Thursday morning, Joseph Smith, the monitor of the National Mortgage Settlement, announced that Ocwen Financial was not in compliance with one of the performance metrics of the National Mortgage Settlement and prohibiting the nonbank from taking foreclosure actions on more than 17,000 loans. In a lengthy response published Thursday afternoon, Ocwen responded to Smith’s office and the nature of the sanctions that Smith’s office placed on it. …read more

From:: Real Estate Wire

Ocwen responds to National Mortgage Settlement foreclosure holds

Early Thursday morning, Joseph Smith, the monitor of the National Mortgage Settlement, announced that Ocwen Financial was not in compliance with one of the performance metrics of the National Mortgage Settlement and prohibiting the nonbank from taking foreclosure actions on more than 17,000 loans. In a lengthy response published Thursday afternoon, Ocwen responded to Smith’s office and the nature of the sanctions that Smith’s office placed on it. …read more

From:: Real Estate Wire

Baidu shares rally on better-than-expected earnings

U.S.-listed shares of Baidu Inc. gained in Thursday’s extended session after the Chinese search engine turned in quarterly earnings that beat Wall Street’s estimates. Baidu reported its first-quarter earnings fell to 1.98 billion yuan ($308.1 million), or 5.38 yuan per American depositary share, from 2.45 billion yuan, or 6.76 yuan per ADS, a year earlier. On an adjusted basis, the company would have earned 6.80 yuan a share, or $1.06. Revenue grew 31.2% to 15.82 billion yuan ($2.45 billion). Analysts surveyed by FactSet had forecast earnings of $1.01 a share. Baidu shares rose 3.5% in after-hours trading.

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