Oil futures jump more than 13% for the month

Oil futures finished the month on Thursday with a gain of more than 13%, with prices finding support from falling U.S. production and the prospect of a freeze in output by major producers. May WTI crude settled at $38.34 a barrel on the New York Mercantile Exchange, up 2 cents for the session. Prices gained about 13.5% for the month and 3.5% for the quarter, according to FactSet.

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

SEC reaches settlement with Navistar International over misleading investors

The Securities and Exchange Commission on Thursday settled charges with Navistar International Corp for allegedly misleading investors about its development of an advanced technology truck engine that could be certified to meet U.S. emission standards. The company agreed to pay a $7.5 million penalty without admitting or denying the charges. Separately, the SEC filed charges against former Navistar CEO Daniel C. Ustian for aiding and abetting the company in misleading investors in this matter. That action is pending. In a June 4, 2012 meeting, EPA staff told Navistar that it had serious concerns about its application for certification of the engine and the next day informed Navistar in writing that the engine as currently designed was “unlikely” to be certified. Despite this, Navistar’s June 2012 quarterly filing and conference call suggested that Navistar was unaware of any concerns by the EPA regarding the May 2012 application – one of several misstatements in the filing and call regarding the application.

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 futures score best quarterly gain since 1986

Gold futures edged higher on Thursday to finish out the quarter more than 16% higher. The metal has benefited from the U.S. Federal Reserve’s dovish stance on monetary policy. June gold added $7, or 0.6%, to settle at $1,235.60 an ounce. For the quarter, prices climbed roughly 16.4%, according to FactSet, which was the largest quarterly gain since the third quarter of 1986. They ended the month less than 0.1% higher.

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

C2C Title Services acquired by ARMA Acquisition

ARMA Acquisition, an international investment group managing a portfolio of complementary service providers to the financial services, real estate and legal services industries, announced the acquisition of C2C Title Services, a nationwide provider of title information products and related services to the mortgage, legal, financial and underwriter communities. …read more

From:: Real Estate Wire

SEC claims brothers targeted elderly with real estate Ponzi scheme

A pair of brothers promised “guaranteed monthly income” to senior citizens in exchange for investing in real estate, but instead of providing the approximately 30 “elderly and unsophisticated” investors with returns on their investments, Matthew and Daniel Rivera pocketed the investors’ money and used some it to pay back other investors. This is how the SEC claims it went down. …read more

From:: Real Estate Wire

SEC claims brothers targeted elderly with real estate Ponzi scheme

A pair of brothers promised “guaranteed monthly income” to senior citizens in exchange for investing in real estate, but instead of providing the approximately 30 “elderly and unsophisticated” investors with returns on their investments, Matthew and Daniel Rivera pocketed the investors’ money and used some it to pay back other investors. This is how the SEC claims it went down. …read more

From:: Real Estate Wire

Prepare for an Unpredictable Spring

By Mary Girsch-Bock

Gusty winds. Late season snow. Wildfires. Floods.

Welcome to spring in the U.S.

Spring may be the most difficult season to prepare for; simply because weather conditions can change from day to day, and sometimes even hour to hour. Is your property ready for an early spring snow storm? What about gusty, potentially hazardous winds?

In some parts of the country, spring can seem like all four seasons consolidated into a single week. Torrential downpours can destroy fragile flowerbeds. Maintenance may have spent weeks replacing air filters and inspecting air conditioners and swamp coolers, only to have a burst of frigid air that taxes the limits of the heating system. Landscaping may have prepared the grounds for spring, removing loosened tree limbs and cleaning up errant leaves, only to have hurricane strength wind gusts bring those leaves right back, along with additional downed tree limbs.

In the spring, property managers need to be ready for anything. While there’s no quick, easy way to accomplish this, here are a few tips that should get you through the cusp and into the beautiful spring days ahead:

  • Continuous landscaping is a must. No one wants to look at dead tree limbs and piles of leaves, whether it’s a tenant or an applicant. Resign yourself to the fact that this is a job that will likely be necessary for the next month on a daily basis. It may be best to hold off planting flowers until the threat of a frost is over, but if flowers are a necessity, both pansies and snapdragons are sturdy, and can stand the cold down to 20 degrees.
  • Don’t put the snow removal equipment in storage just yet. In areas of the west, the majority of significant snow can arrive in March and April.
  • If you live in a flood-prone area, always make sure that sandbags are available. Likewise, for those living in a drought-stricken area, the threat of wildfires is elevated in the spring. Toss in some gusty spring winds, and the threat is elevated even more. Removing any potential fuel for fires such as dried brush and dead trees will reduce that risk. Consider reducing the number of trees and brush closest to apartment homes, and create and communicate an evacuation plan to your residents early in the spring.
  • Consider servicing air conditioning units and swamp coolers a few weeks into the spring. For those with swamp coolers, it can be especially difficult to know when to switch over from heating to cooling. While there may be some warmer days for tenants to contend with, nights are still cool, and they’ll appreciate access to their heater those first few weeks of spring.

While spring may be unpredictable, being prepared will help to ensure a smooth passage, no matter what Mother Nature brings.

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From:: Property Management