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Legendary sportscaster Jackson of ‘whoa, Nellie’ fame dies at 89

Sportscaster Keith Jackson, who coined the phrase “granddaddy of them all” and peppered his lively commentary covering college football with “whoa, Nellie”, has died. He was 89, according to USA Today. Jackson spent much of his broadcasting career with ABC. Kirk Herbstreit, a popular ESPN analyst, tweeted that he could close his eyes “and think of so many of his special calls. Thank you Kieth for all the memories and the grace in which you provided them. RIP Keith.”

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From:: Stock Market News

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Confidence in Housing Subdued at Year-End

By Susanne Dwyer

DeVita_Suzanne_60x60

Confidence in housing was subdued in December in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie Mae’s National Housing Survey® (NHS). The HPSI overall posted 85.8 in December, two percentage points lower than the month prior.

“Consumers remained cautious in their housing outlook at the end of 2017, as tax reform discussions continued,” says Doug Duncan, chief economist and senior vice president at Fannie Mae. “In December, mirroring the other major consumer sentiment benchmarks, the HPSI reflected this caution and declined slightly.”

The share of homebuyers surveyed for the Index who believe now is a good time to buy fell five percentage points to 24 percent, while the share of sellers who believe now is a good time to sell stayed the same at 34 percent. The share of those who believe home prices will go up fell two percentage points to 44 percent.

Source: Fannie Mae

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Confidence in Housing Subdued at Year-End appeared first on RISMedia.

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From:: Finance and Economy

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Confidence in Housing Subdued at Year-End

By Susanne Dwyer

DeVita_Suzanne_60x60

Confidence in housing was subdued in December in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie Mae’s National Housing Survey® (NHS). The HPSI overall posted 85.8 in December, two percentage points lower than the month prior.

“Consumers remained cautious in their housing outlook at the end of 2017, as tax reform discussions continued,” says Doug Duncan, chief economist and senior vice president at Fannie Mae. “In December, mirroring the other major consumer sentiment benchmarks, the HPSI reflected this caution and declined slightly.”

The share of homebuyers surveyed for the Index who believe now is a good time to buy fell five percentage points to 24 percent, while the share of sellers who believe now is a good time to sell stayed the same at 34 percent. The share of those who believe home prices will go up fell two percentage points to 44 percent.

Source: Fannie Mae

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Confidence in Housing Subdued at Year-End appeared first on RISMedia.

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From:: Real Estate News

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Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey to exit Disney board

Facebook Inc. Chief Operating Officer Sheryl Sandberg and Twitter Inc. Chief Executive Jack Dorsey will exit the Walt Disney Co. [:s dis] board of directors, according to documents filed with the Securities and Exchange Commission Friday. Both Sandberg and Dorsey are not standing for re-election due to conflicts relating to matters before the board, Disney said. “Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to Board matters, and they are not standing for re-election,” a company spokesman wrote in an email. Board memebers Robert Matschullat and Orin Smith are also not standing for re-election. “Mr. Matschullat and Mr. Smith will be departing pursuant to Company policies that limit Board service to 15 years and set the retirement age at 74, respectively,” the spokesman wrote. “The Board will take up the matter of filling Mr. Smith’s role as independent Lead Director when it meets after the annual meeting.” Disney stock is down a fraction to $112.42 in late trading.

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From:: Stock Market News

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Blank-check co. Crescent Funding seeks up to $288 million in IPO

Crescent Funding Inc. seeks to raise up to $288 million in an initial public offering, according to a filing late Friday with the Securities and Exchange Commission. The Los Angeles-based blank check company plans to sell up to 28.75 million shares at $10 a piece. The company formed to effect “a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses,” but has yet to identify and potential targets. UBS Investment Bank, Bank of America Merrill Lynch, and Stifel are listed among the underwriters.

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

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Refi Share Widest Since June 2014

As new mortgage business recovered from a holiday slump, the share of activity that was for refinances reached the widest level in more than three years.

A predictor of upcoming home-loan originations, the U.S. Mortgage Market Index from Mortgage Daily, landed at 121 for the week ended Jan. 12.

The index, which is based on average per-user rate-lock volume by clients of OpenClose, climbed 31 percent from the seven days that included New Year’s. No seasonal adjustments were made.

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From:: Financing

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Vista Proppants and Logistics files IPO

Vista Proppants and Logistics Inc. filed initial public offering documents late Friday and is seeking $100 million, a common place holder companies use when initially filing with the Securities and Exchange Commission. In the first nine months of 2017 the company, which specializes in sand for oil and gas operations and related logistics, booked $32 million profit on revenue of $185.8 million, up from net income of $3.4 million on sales of $90 million in the year earlier period. Citigroup, Credit Suisse and Piper Jaffray are leading the deal, according to SEC documents. The company plans to list on Nasdaq under the ticker “VPRL.”

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

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Wal-Mart to cut corporate jobs: report

Wal-Mart Stores Inc. plans to cut more than 1,000 corporate jobs, according to a report in The Wall Street Journal, citing people familiar with the matter. The cuts are expected to be broad-based and focused primarily on employees at the company’s Bentonville, Ark., headquarters, the report said. The cuts are expected to be completed by the end of the company’s fiscal year on Jan. 31. The report quoted a Wal-Mart spokesman saying that the company has been looking at its “structure for some time as we explore ways to operate more effectively,” without confirming that job cuts are planned this month.

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

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Cardlytics seeks to raise $75 million in IPO

Cardlytics Inc. hopes to raise up to $75 million in an initial public offering, according to a late Friday filing with the Securities and Exchange Commission. The Atlanta-based consumer-spending analytics company reported $112.8 million in revenue and a net loss of $76.7 million in 2016, and for the first nine months of 2017 revenue of $91.1 million and a net loss of $15.6 million. B of A Merrill Lynch, J.P. Morgan, and Wells Fargo are listed among the underwriters. The company plans to list with the ticker “CDLX” on the Nasdaq.

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