Foreclosures | Mortgages | Financing
Once again, home prices are trending higher, rising 0.1% from October, and 5.5% on a year-over-year basis. Most notably, New York led gains among the states for the fifth straight month. Here’s how other states and metros faired. …read more
From:: Real Estate Wire
Twitter is undergoing a major shakeup among its top executives, according to two new reports. Katie Jacobs, Twitter’s vice president of global media, and Kevin Weil, senior vice president of product, are leaving the company, Recode reported Sunday. Separately, the New York Times reported Sunday that Alex Roetter, senior vice president of engineering, is also on the way out, and that CEO Jack Dorsey will soon add two new board members. The moves are apparently part of Dorsey’s plans to reshape the company, which has been plagued by a succession of executive departures over the past year. Twitter stock has plunged almost 55% over the past year, and shares have recently fallen below their IPO price following disappointing user-growth numbers.
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
A-list interior designers share their tips on staying current with period charm …read more
From:: DIY this old house
(TNS)—You’re thinking about getting a reverse mortgage. Should you discuss your plan with your adult children? Maybe. Every senior homeowner’s situation is unique. “I wish I could give you one best practice that’s optimal for every family, but it’s more complex than that,” says Joseph Goetz, an associate professor for the department of financial planning, […] …read more
From:: Finance and Economy
The Commonwealth of Virginia announced Friday that it reached a “record” settlement with 11 banks over allegations that the banks defrauded the state’s retirement system by allegedly misrepresenting the quality of residential mortgage-backed securities in the run-up to the financial crisis. …read more
From:: Real Estate Wire
Cal Thomas, who is apparently “America’s most widely syndicated op-ed columnist,” penned a syndicated column that appeared on FoxNews.com and in scores of newspapers from coast to coast recently, in which he writes that the creation of the HomeReady program by Fannie Mae is one giant step towards another housing apocalypse. Not only does Thomas not know what he’s talking about, he goes on to out himself as a fear-mongering doomsayer. …read more
From:: Real Estate Wire
AT&T Inc. said late Friday it expects to book a $2.2 billion non-cash gain before taxes related to its pension and postemployment benefit plans. “The gain was generated from an increase in our assumed discount rates used to measure our pension obligation to 4.6% and to 4.5% for our postretirement obligation; updates to other assumptions, including mortality; and demographic changes,” the telecom said in a Friday filing with the Securities and Exchange Commission. AT&T is scheduled to report quarterly results on Tuesday.
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
Morgan Stanley on Friday reported it bought 4.2 million common shares, representing a 5.1% stake, in food delivery company GrubHub Inc. , the investment bank said in a filing to the Securities and Exchange Commission on Friday. The filing did not indicate the purchase price but the shares were bought on Jan. 13 when GrubHub stock closed at $21.12. The disclosure comes as Uber Technologies Inc. said it is preparing to launch a meal delivery service in 10 cities across the U.S. Shares of GrubHub were flat in after-hours trading.
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
American Express Co.’s stock , which suffered the biggest-ever price decline in the 44 years it has traded publicly, according to FactSet data, took more than 50 points away from the Dow Jones Industrial Average’s gain. The stock plunged $7.58, or 12.1%, on Friday to the lowest close since November 2012, after the card issuer gave a disappointing profit outlook and outlined plans to cut $1 billion in costs. The current divisor for the Dow, which is a price-weighted index, indicates the price decline in AmEx’s stock was worth 51.91 Dow points. The Dow closed Friday up 210.83 points, or 1.3%, compared with a 2% rise in the S&P 500 Index. AmEx’s stock’s second-biggest price decline was $6.95 on Sept. 29, 2008. Friday’s percentage decline was the biggest since it fell 12.98% on April 20, 2009.
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 ended sharply higher Friday, scoring their first weekly gain of the new year, as oil futures surged and investors were encouraged by hints of potential central-bank stimulus in Europe and Japan after a tough week for global markets. The S&P 500 closed up 38 points, or 2%, at 1,906, with all 10 of its main sectors in positive territory, led by energy and tech. The Dow Jones Industrial Average closed 211 points higher, or 1.3%, at 16,093. The Nasdaq Composite closed up 119 points, or 2.7%, at 4,591. The indexes were still on track for heavy monthly losses, down between 7% and 9% since the beginning of the year.
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