Ask This Old House general contractor Tom Silva shows how to permanently patch a decaying porch post …read more
From:: DIY this old house
How to Repair a Rotted Porch Post
Villanova upsets North Carolina on dramatic buzzer-beater
In one of the most dramatic endings to a championship game in NCAA basketball history, Villanova upset North Carolina, 77-74, on Monday night on a buzzer-beating three-pointer. The shot by Kris Jenkins as time expired bested an almost-as-dramatic game-tying three-pointer by North Carolina’s Marcus Paige with 4.7 seconds left in the game. No. 1-seeded North Carolina had rallied from a 10-point deficit in the final minutes, but No. 2-seed Villanova held on for the school’s second NCAA men’s basketball title.
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
Freedom Mortgage buys USDA origination business from Chase
Rural loans make up a small percentage of the nation’s origination business, and JPMorgan Chase is no different. In light of how small this percentage is, Chase Mortgage made the choice to sell its rural housing business to Freedom Mortgage …read more
From:: Real Estate Wire
Massive Chase mortgage bond first to meet FDIC Safe Harbor rule
A new mortgage bond from JPMorgan Chase Bank is not only one of the largest RMBS deals since the housing crisis, the $1.88 billion residential mortgage-backed securitization is also the first RMBS deal that qualifies for the Federal Deposit Insurance Corporation’s Safe Harbor rule, which took effect in 2010. …read more
From:: Real Estate Wire
HUD to landlords: Rent to ex-convicts
The Department of Housing and Urban Development recently released it’s revised guidance addressing how landlords who have blanket bans on renting to people with criminal records are in violation of the Fair Housing Act and can be sued and face penalties for discrimination. …read more
From:: Real Estate Wire
HUD to landlords: Rent to ex-convicts
The Department of Housing and Urban Development recently released it’s revised guidance addressing how landlords who have blanket bans on renting to people with criminal records are in violation of the Fair Housing Act and can be sued and face penalties for discrimination. …read more
From:: Real Estate Wire
Treasury takes new steps to limit tax inversions
The Treasury Department on Monday took new steps to crack down on inversions, deals in which a U.S. company moves its legal address abroad for tax benefits. The Treasury said it was moving to prevent foreign companies that buy multiple U.S. companies from increasing their sizes and avoiding inversion thresholds for more U.S. acquisitions. Also, the department tightened rules on “earnings stripping,” in which a foreign parent company lends money to its U.S. operation, and the interest is then deducted. Treasury Secretary Jacob Lew said only legislation can stop inversions and urged Congress to take action on comprehensive business tax reform.
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
Disney shares fall after COO Staggs departure announced
Shares of Walt Disney Co. fell in Monday’s extended session after the entertainment company announced that Chief Operating Officer Thomas Staggs is resigning on May 6. He will, however, remain with Disney as a special advisor to Chairman and Chief Executive Robert Iger. The news of Staggs’ resignation is expected to throw the company’s succession plan into disarray as he had been tapped to lead the company after Iger’s retirement, the New York Times reported. Disney shares are off 1.3% 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.
From:: Stock Market News
Microchip Technology expects Q4 earnings at high-end of projected range
Microchip Technology Inc. late Monday said it expects its fourth-quarter adjusted earnings to come in at the high end of the range it projected earlier this year. It also expects to report record-high revenue. The chip maker in February had forecast earnings per share of 65 cents to 69 cents and revenue of $552 million and $568.5 million. The company is scheduled to report fourth-quarter results on May 4. Microchip also announced that it finalized the purchase of semiconductor maker Atmel and will consolidate results from the two companies in the future. Shares of Microchip were flat in the extended session after closing up 0.2% to $48.38.
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From:: Stock Market News
Tesla deliveries come in below expectations, stock drops
Tesla Motors Inc. said Monday that it delivered fewer than 15,000 cars in the first quarter, including 2,400 units of its latest model, the Model X. Tesla shares declined 2% in late trading as the total of 14,820 came in short of the electric-car maker’s projection of approximately 16,000 deliveries. While maintaining a goal of delivering 80,000 to 90,000 cars in the calendar year, Tesla admitted that production of the latest all-electric vehicle introduced by the company, the Model X, was hemmed by a shortage in parts. “The Q1 delivery count was impacted by severe Model X supplier parts shortages in January and February that lasted much longer than initially expected,” the company reported in a statement. “Once these issues were resolved, production and delivery rates improved dramatically.” Tesla stock hit its highest prices since September 2015 on Monday, as Chief Executive Elon Musk said advance orders for the company’s next offering, the lower-priced Model 3, surpassed a quarter-million since its unveiling last week.
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