Make a handsome cooler enclosure to update a backyard essential …read more
From:: DIY this old house
How to Build a Cedar Ice Chest
10 New Hydrangeas You’ll Want to Grow Now
Updated versions of summer’s favorite shrub offer an expanded range of colors—and blooms that add interest through fall …read more
From:: DIY this old house
Arizona pair accused of posing as Realtors, lenders, defrauding Hispanic families
The owners of a Phoenix-based real estate consulting company stand accused of posing as both Realtors and mortgage lenders, and defrauding a number of Hispanic families by convincing them that they were buying a house, when, in reality, they were only leasing it. …read more
From:: Real Estate Wire
Dow Transports index enters bull market after Thursday rally
The Dow Jones Transportation index rose 3% on Thursday and officially entered a bull market, defined as a 20% or more gain from its most recent lows. Nearly half of Thursday’s gains were largely due to a 12% jump in FedEx Corp. . This ends a bear market that began on Dec 29, 2014, and lasted through Jan 20, 2016. There was another bear market for the Transports in 2011, when the index fell more than 28% from July 7 through Oct 3, 2011, 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.
From:: Stock Market News
Fannie Mae: Expect Fed rate hikes in June and December
Despite the Federal Open Market Committee announcing earlier this week that it felt that current economic conditions did not warrant another increase of the federal funds rate, Fannie Mae’s Economic & Strategic Research Group still expects that the FOMC will increase rates at least twice in 2016. …read more
From:: Real Estate Wire
J.P. Morgan board increases share buyback plan by $1.88 billion
J.P. Morgan Chase & Co. said late Thursday its board increased the bank’s share buyback authorization by $1.88 billion, or nearly 30%. The increase is in addition to the $6.4 billion share purchase plan already approved by the board, J.P. Morgan said. Shares of J.P. Morgan advanced 0.9% to $59.29 after hours, after closing Thursday’s session down 0.3%.
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
Here’s how much the big bank CEOs made in 2015
The chief executives of the largest four banks benefited from a strong year last year, with all but one bank CEO enjoying a pay hike in 2015. Here are each CEOs pay ranked from smallest to largest. …read more
From:: Real Estate Wire
TransCanada to buy Columbia Pipeline Group for $13 billion
TransCanada Corp. said Thursday it plans to buy Houston-based Columbia Pipeline Group Inc. for $13 billion in an all-cash deal. Calgary-based TransCanada said it expects the acquisition to add to its bottom line in the first full year of ownership. Columbia shareholders will receive $25.50 a share, an 11% premium over the closing stock price. The deal is subject to shareholder and regulatory approvals. “The acquisition represents a rare opportunity to invest in an extensive, competitively-positioned, growing network of regulated natural gas pipeline and storage assets in the Marcellus and Utica shale gas regions,”Russ Girling, TransCanada’s president and chief executive officer, said in a statement. The assets complement TransCanada’s existing North American footprint, he said. Columbia’s assets include natural-gas pipelines in the Marcellus and Utica shale-production areas. The deal is expected to close in the second half of the year. Shares of TransCanada were halted in late trading Thursday after ending the day up 2.6%. Shares of Columbia Pipeline rose 7.7% in late trading after finishing the regular trading day up 2.2%.
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
Aéropostale shares plummet on results, potential sale
Aéropostale Inc. shares dropped further into penny-stock territory late Thursday after quarterly results fell short of Wall Street expectations and the apparel retailer said it was considering a possible sale. Aéropostale shares plummeted 38% to 30 cents a share. The company reported an adjusted fourth-quarter loss of 14 cents a share on revenue of $498 million. Analysts surveyed by FactSet expected a loss of 13 cents a share on revenue of $519.3 million. Aéropostale said it expects a first quarter loss of 35 cents to 42 cents a share, based on an operating loss of $24 million to $29 million. An ongoing vendor dispute with MGF Sourcing, however, could result in an additional operating loss of $5 million to $8 million, the company said. Analysts had estimated a first-quarter loss of 40 cents a share. Also, Aéropostale said it is considering a potential sale or restructuring of the company.
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. oil benchmark ends above $40 a barrel as crude extends rally
Oil futures rallied for a second day Thursday, pushing the U.S. benchmark to its highest close in more than three months as investors focused on hopes for output reductions as well as a continued slide by the U.S. dollar a day after the Federal Reserve offered a less aggressive forecast of future rate increases. West Texas Intermediate crude oil for April delivery rose $1.75, or 4.5%, to end at $40.20 a barrel_the highest finish since Dec. 3.
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