Author: admin

ConAgra Foods, Inc. has appointed Darren Serrao to the new position of chief growth officer, effective August 17. In this role, Serrao will lead an area that includes insights, innovation, research and development, and marketing. This area works with a number of other departments to “improve connectivity and boost speed-to-market,” according to ConAgra . Serrao was most recently the senior vice president, chief marketing officer and chief commercial officer at Campbell’s Soup.

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.

…read more

From:: Stock Market News

WASHINGTON (MarketWatch) — The Dallas Fed on Monday said it’s picked Robert Kaplan to be its new president, replacing Richard Fisher, who retired in March. Kaplan is currently a professor at Harvard Business School and previously was vice chairman of Goldman Sachs until 2006. Kaplan serves on the boards of State Street, Harvard Management Company and Heidrick & Struggles International. Kaplan will start on Sept. 8.

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.

…read more

From:: Stock Market News

WASHINGTON (MarketWatch) — The National Labor Relations Board decided not to assert jurisdiction in a case involving whether Northwestern University football players who received scholarships were employees. The NLRB said asserting jurisdiction would not promote labor stability due to the nature and structure of NCAA Division I Football Bowl Subdivision, since 108 of 125 FBS teams are from state-run colleges and universities. “This decision is narrowly focused to apply only to the players in this case and does not preclude reconsideration of this issue in the future,” the NLRB said.

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.

…read more

From:: Stock Market News

By Rachel Jefferson

Depending on the generation, certain wants and needs for a new home differ. A recent article reveals the difference in apartment-searching patterns, from Millennials to Gen Xers to baby boomers to the Silent Generation. For example, being in a quiet neighborhood is a must for one generation, while another age group cares more for the availability of online rent. The preferences can vary, but some (such as neighborhood safety) remain important factors for all ages.

Read full article on Multifamily Executive

…read more

From:: Property Management

The Securities and Exchange Commission announced on Monday that two Citigroup affiliates will pay nearly $180 million to settle charges they defrauded investors in two hedge funds that collapsed during the financial crisis. An SEC investigation found that the bank units made false and misleading representations to investors in the ASTA/MAT fund and the Falcon fund, which collectively raised nearly $3 billion in capital from approximately 4,000 investors before collapsing. The bank did not disclose the very real risks of the funds and did not disclose the precarious condition of the funds as they were collapsing, the SEC said. Bank executives continued to assure investors that the funds were low-risk and well-capitalized investments with adequate liquidity, the SEC added. The divisions did not admit or deny the findings but agreed to be censured and must cease and desist from committing future violations of these provisions. Citigroup already has received a waiver from “ineligible issuer” rules over the settlement.

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.

…read more

From:: Stock Market News

By Andrew H. Roiter

New York state still has higher than pre-recession levels of foreclosure activity, according to a report released Monday by State Comptroller Thomas P. DiNapoli.

The number of foreclosure cases filed in 2014 was down to 43,868 from 46,696 in 2013. But that was still higher than the 41,201 in pre-recession New York.

Foreclosure rates for June 2015 in several Albany-area counties were higher than the state average, which was one in every 1,355. That included Schenectady, Columbia, Washington, Rensselaer,… …read more

From:: biz journal foreclosures

An earthquake along the Hayward Fault woke up the San Francisco Bay Area on Monday morning. A 4.0-magnitude temblor struck less than a mile north of the town of Piedmont at 6:49 a.m. Pacific time, the United States Geological Survey reported, with a hard thump followed by shaking. There were no immediate reports of widespread damage. The earthquake occurred just short of a year after the last major seismic event in the Bay Area, a 6.0 quake in the North Bay area on Aug. 24, 2014. The Hayward Fault, which runs throughout the East Bay, experienced another 4.0 quake less than a month before, on July 21. The last major seismic event on the fault was a 6.8-magnitude quake in 1868.

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.

…read more

From:: Stock Market News

WASHINGTON (MarketWatch) — Home-builder confidence rose in August to the highest level in nearly a decade, a trade group said Monday. The National Association of Home Builders/Wells Fargo housing market index rose 1 point to 61, marking the highest level since Nov. 2005. Economists polled by MarketWatch expected a reading of 59. Any reading above 50 indicates “good” conditions. “Today’s report is consistent with our forecast for a gradual strengthening of the single-family housing sector in 2015,” said NAHB Chief Economist David Crowe. The index measuring buyer traffic increased two points to 45 and the component gauging current sales conditions rose one point to 66. The index for sales expectations in the next six months held steady at 70.

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.

…read more

From:: Stock Market News

U.S. stocks opened lower on Monday as a disappointing reading from the New York-area manufacturing conditions appeared to dampen investor confidence. The Empire State general business conditions index nosedived to a reading of negative 14.9 in August, the worst level since the recession. The S&P 500 opened 11 points, or 0.5%, lower at 2,080. The Dow Jones Industrial Average fell 100 points, or 0.6%, to 17,372 at the open. The Nasdaq Composite began the day down 22 points, or 0.4%, at 5,026.

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.

…read more

From:: Stock Market News

At least 12 people were killed in an explosion in central Bangkok near a popular shrine during Monday’s evening rush hour, according to media reports. Local police confirmed the explosion was caused by a bomb that may have been hidden in a motorcycle. Reporters at the scene described a chaos, with body parts scattered everywhere in the area around the Erawan Shrine, which is popular with tourists as well as locals. The attack was also close to a five-star hotel in the Thai capital’s central Chidlom district.

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.

…read more

From:: Stock Market News