This Old House plumbing and heating expert Richard Trethewey shows how to replace a badly corroded cast-iron flange …read more
From:: DIY this old house
How to Repair a Cast-Iron Toilet Flange
Bank of Japan’s Kuroda vows to do ‘whatever it takes’ to boost inflation
Bank of Japan Governor Haruhiko Kuroda on Thursday pledged to do “whatever it takes” to boost the country’s flagging inflation, saying there are no limits to monetary policy measures, according to Dow Jones Newswires. Speaking at a press conference after the BOJ’s unexpected decision to keep policy on hold, the governor said the bank is still strongly determined to achieve its 2% inflation in two years. Kuroda, however, warned that low oil prices will continue to keep a lid on inflation until early 2017. The Japanese central bank has been among the most aggressive institutions in using unconventional policy measures, including implementing negative interest rates. Sub-zero rates have been criticized for eroding bank profits and doing more harm than good, but Kuroda defended the measure at the meeting. He said there was plenty of room to further cut the deposit rate, but found it “appropriate” to keep policy unchanged for now to gauge the effects of negative interest rates. Japan’s Nikkei 225 index dropped 3.6% to 16,666.05, while the yen soared against most other major currencies. The dollar bought 108.23 yen, down from 111.47 yen late Wednesday in New York.
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
Cash homebuyers threaten to overheat some markets
While the majority of cash homebuyers received an average discount of 23%, this can’t be said for everyone. The select few markets where cash buyers ended up paying a premium could be in danger of overheating. …read more
From:: Real Estate Wire
Ocwen foreclosures frozen after National Mortgage Settlement compliance failure
As it turns out, it can get worse for Ocwen Financial. Less than one day after posting a massive loss for the first quarter of 2016, the nonbank has run afoul of the terms of the National Mortgage Settlement and is now forbidden from taking foreclosure actions on more than 17,000 loans. …read more
From:: Real Estate Wire
Ocwen foreclosures frozen after National Mortgage Settlement compliance failure
As it turns out, it can get worse for Ocwen Financial. Less than one day after posting a massive loss for the first quarter of 2016, the nonbank has run afoul of the terms of the National Mortgage Settlement and is now forbidden from taking foreclosure actions on more than 17,000 loans. …read more
From:: Real Estate Wire
How much worse can it get for Ocwen? Nonbank posts massive loss in 1st quarter
Earlier this year, Ocwen Financial tried to lay the groundwork for just how poor its first-quarter financial results would be, stating in February that the nonbank expected to post a loss in 2016, but the company’s first-quarter results are even worse than expected. …read more
From:: Real Estate Wire
New Zealand dollar rises as central bank hints at more easing
The New Zealand dollar strengthened against the U.S. dollar Wednesday after the Reserve Bank of New Zealand, the country’s central bank, said the currency was too strong, and that investors can expect more monetary policy easing in the future. The kiwi rose to 69.29 U.S. cents after the announcement — its strongest level since Friday — up from 68.42 cents shortly beforehand and 68.94 cents late Tuesday in New York. The currency has risen slightly against the U.S. dollar since the beginning of the year, benefiting from a rebound in commodity prices.
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
Marriott posts EPS, revenue beat
Marriott International Inc. said late Wednesday it earned an adjusted $226 million, or 87 cents a share, in the first quarter, up from 73 cents a share in the year-ago period. Sales reached $3.8 billion in the quarter, up from $3.5 billion a year ago, the company said. Analysts polled by FactSet had expected adjusted earnings of 84 cents on sales of $3.7 billion for the hotel chain. The acquisition of Starwood Hotels & Resorts Worldwide is on track to close by midyear, Marriott said. Citing uncertainty with the Starwood’s deal timing, the company said it was not providing 2016 EPS guidance. Shares of Marriott fell 0.3% in late trading after ending the regular session down 0.5%.
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
Sanders says he will lay of ‘hundreds’ of campaign workers
WASHINGTON (MarketWatch) – Democratic presidential candidate Sen. Bernie Sanders of Vermonttold the New York Times in an interview Wednesday that he would lay off “hundreds” of campaign staffers across the country. Sanders said he will devote most of his energies to winning California. He said he plans to remain in the race through the party’s summer convention and hoped to bring staff members back on board if he could.
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
Sanders says he will lay off ‘hundreds’ of campaign workers
WASHINGTON (MarketWatch) – Democratic presidential candidate Sen. Bernie Sanders of Vermonttold the New York Times in an interview Wednesday that he would lay off “hundreds” of campaign staffers across the country. Sanders said he will devote most of his energies to winning California. He said he plans to remain in the race through the party’s summer convention and hoped to bring staff members back on board if he could.
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