Foreclosures | Mortgages | Financing
Gold futures fell Wednesday to settle at their lowest level in nearly a month, pressured by strength in the U.S. dollar . Gold for April delivery settled at $1,224 an ounce, down $24.60, or 2%, after trading as low at $1,215.40. The settlement was the lowest since Feb. 26, according to FactSet data.
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
If you’re living in the Bay Area making between $150,000 to $250,000 a year and can’t afford your mortgage, there is now hope. But maybe not where you’d expect it. …read more
From:: Real Estate Wire
By Katie Burke
East San Antonio isn’t known for its dynamic housing market, but with a plan brewing to use city-owned surplus lots to trigger infill residential development in the area, Debbie Racca-Sittre is hoping that will change.
The current Assistant Director for the the Transportation and Capital Improvements department is working with District 2 City Councilman Alan Warrick on a deal to partner with private residential developers for 19 vacant city-owned properties. The idea? Try to bring in a newer housing… …read more
From:: biz journal foreclosures
Prepayments are bouncing back big time, everyone, in what could be the sign of a new mini-refi boom. Also, foreclosures are picking up again, especially in these 3 states. …read more
From:: Real Estate Wire
One chief economist noted in light of the report that housing, first and foremost, is no longer the large net drag on topline activity, but neither is it the primary driver of the economy as it once was. Are their expert comments too rosy for reality? …read more
From:: Real Estate Wire
Pinnacle Foods Inc.’s stock is having its worst day since the packaged foods company went public three years ago, following the surprise departure of its chief executive officer, although some analysts weren’t too concerned about the news. The stock plunged 10.4%, in morning trade. Recent volume of 5.6 million shares was already nearly seven times the full-day average. The stock’s previous worst-ever day was May 27, 2014, when it slid 5.4%. Earlier, the company, which brands include Duncan Hines and Birds Eye Frozen, said its CEO Robert Gamgort was leaving at the end of April, after nearly seven years with the company, to be the CEO of Keurig Green Mountain. Analyst Eric Gottlieb at D.A. Davidson reiterated his neutral rating on the stock following Gamgort’s “surprise” departure. “We view the departure as a loss as the company has taken many steps forward under Gamgort’s leadership,” Gottlieb wrote in a note to clients. “That said, we believe the company is on solid footing and new leadership should not change company momentum.”
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
Corvus Pharmaceuticals, Inc. , a company developing cancer treatment drugs, opened at $15 a share Wednesday in its debut on the Nasdaq. The company had priced its offering at $15 Tuesday night at the low-end of its $15 to $17 range. Corvus Pharmaceuticals sold 4.7 million shares to raise about $70.5 million. Cowen & Co., and Credit Suisse Securities were the lead underwriters of the offering. Shares of Corvus were trading at $14.90 in early morning trade.
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From:: Stock Market News
Oil futures lost more ground on Wednesday after the U.S. Energy Information Administration reported a 9.4 million-barrel jump in crude-oil supplies for the week ended March 18. That was bigger than the 8.8 million-barrel increase reported by the American Petroleum Institute, and more than triple the rise of 2.7 million barrels expected by analysts polled by Platts. Gasoline supplies dropped by 4.6 million barrels, while distillate stockpiles edged up by 900,000 barrels last week, according to the EIA. May crude was at $40.37 a barrel on the New York Mercantile Exchange, down $1.08, or 2.6%. Prices traded at $40.55 before the data.
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From:: Stock Market News
Affymetrix Inc.’s stock soared 6.2% in active morning trade Wednesday, after the biotechnology company said an unsolicited buyout bid it received from Origin Technologies Corp. will likely be seen as a “superior proposal” to the Thermo Fisher Scientific Inc.’s bid. Volume of 1.8 million shares just minutes after the open was already more than the full-day average. The company said the meeting of shareholders, scheduled for March 24, to vote on the merger with Thermo Fisher will be immediately adjourned without a vote, and will reconvene on March 31. Affymetrix said it continues to recommend the merger with Thermo Fisher, but said it would be inconsistent with its fiduciary duties not to consider Origin Technologies’ bid. Affymetrix’s stock has run up 52% year to date, while the S&P 500 is little changed.
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
U.S. stocks opened lower on Wednesday, as slumping oil prices weighed down energy shares. Stocks dropped for a second day in this holiday-shortened week, a day after a terror attack in Brussels marred global markets. The S&P 500 opened 4 points, or 0.2%, lower at 2,045. The Dow Jones Industrial Average slipped 45 points, or 0.3%, to 17,536. Meanwhile, the Nasdaq Composite began the day down 10 points, or 0.2%, at 4,811. U.S. markets will be closed on Friday in observance of Good Friday.
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