Don’t throw these eight fruits and veggies in the compost bin. Give them a new life in an indoor garden …read more
From:: DIY this old house
Grow a Garden From Kitchen Scraps
Crude under pressure, closing in on $30 a barrel
U.S. and Brent crude prices threatened to again push below the $30-a-barrel levels on Friday, as the commodity came under renewed selling pressure. More than reversing a 2.4% gain from Thursday, February crude dropped $1.09, or 3.5%, to $30.12 a barrel. Brent crude for the same month dropped 70 cents, or 2.3%, to $30.18 a barrel. Losses for crude came as China stocks slipped into one definition of a bear-market — a 20% drop from a recent high. The pressure was also on U.S. stock futures, which pointed to a difficult open for Wall Street.
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
Stock futures plunge as China, oil turn sharply lower
Stock futures plunged in early trading on Friday, weighed by losses for China stocks fell and renewed pressure on oil. The losses for futures came in a volatile week and after Thursday’s rally for Wall Street stocks tied to higher oil prices. Dow Jones Industrial Average futures slid 135 points, or 0.8%, to 16,143, while S&P 500 futures dropped 15.85 points, or 0.8%, to 1,898.75. Nasdaq 100 futures tumbled 42.25 points, or 1%, to 4,215.50. February crude oil dropped 0.8%, or 2.5%, to 30.43 a barrel, all but reversing Thurday’s gains. In China, the Shanghai Composite tumbled 3.4% to 2,905.13.
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
Zillow: Mortgage rates lower now than before Fed rate hike
According to Zillow’s latest report on the interest rates borrowers are quoted on its mortgage marketplace, mortgage interest rates are actually lower now than they were before the Federal Open Market Committee announced in December that it is increasing the federal funds rate for the first time since June 2006. …read more
From:: Real Estate Wire
After ex-CFO admits to embezzling $20M, Michigan credit union placed into conservatorship
Just days after the former chief financial officer of a Michigan credit union walked into the local sheriff’s office and confessed to embezzling $20 million from his former employer, the credit union has been placed into conservatorship by the Michigan Department of Insurance and Financial Services. …read more
From:: Real Estate Wire
Analog Devices shares decline after revenue outlook cut
Analog Devices Inc. shares declined in the extended session Thursday after the maker of integrated circuits cut its revenue outlook. Shares of Analog Devices, which had been briefly halted, fell 3.9% to $48.54 after hours. The company said it expects fiscal first-quarter revenue of $745 million to $765 million, compared with its previous forecast of $805 million to $855 million. Analysts surveyed by FactSet had estimated revenue of $829.9 million. The company said the cut was due to weaker-than-forecast demand in its portable consumer business unit that is expected to continue into the fiscal second quarter.
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
Analog Devices cuts revenue outlook, shares halted
Analog Devices Inc. shares were halted in the extended session Thursday after the maker of integrated circuits cut its revenue outlook. Shares of Analog Devices had fallen 3.9% to $48.51 after hours before they were halted. Shares are expected to resume trading at 5 p.m. Eastern. The company said it expects fiscal first-quarter revenue of $745 million to $765 million, compared with its previous forecast of $805 million to $855 million. Analysts surveyed by FactSet had estimated revenue of $829.9 million. The company said the cut was due to weaker-than-forecast demand in its portable consumer business unit that is expected to continue into the fiscal second quarter.
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
Goldman Sachs reaches deal to pay $2.38 billion fine over mortgage securities
Goldman Sachs Group Inc. said Thursday it will pay a $2.385 billion civil penalty, make $875 million in cash payments, and provide $1.8 billion in consumer relief in relation to its mortgage securities dealings before the Great Recession. The agreement will result in fourth-quarter earnings being cut by $1.5 billion, the investment bank said. The consumer relief will be in the form of principal forgiveness for “underwater” homeowners and distressed borrowers, financing for construction, rehabilitation for affordable housing, and others. The agreement resolves “actual and potential” civil claims by the U.S. Department of Justice, the New York and Illinois attorneys general, the National Credit Union Administration, and the Federal Home Loan Banks of Chicago and Seattle, the bank said. It relates to Goldman’s securitization, underwriting, and sale of mortgage-backed securities from 2005 to 2007. Shares of Goldman Sachs were flat late trading Thursday after ending the regular session up 1.5%.
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
Goldman Sachs to pay $5 billion to settle toxic mortgage bond claims
Goldman Sachs will pay more than $5 billion to settle claims related to toxic mortgage bonds sold to investors in the run up to the financial crisis. The agreement, which would still need to be finalized, would resolve actual and potential civil claims brought by the U.S. Department of Justice and other parties, relating to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. Click the headline to read more. …read more
From:: Real Estate Wire
Goldman Sachs reaches $5 billion settlement over toxic mortgage bond claims
Goldman Sachs said Thursday that it reached a $5 billion settlement over claims related to toxic mortgage bonds sold to investors in the run up to the financial crisis. The agreement, which would still need to be finalized, would resolve actual and potential civil claims brought by the U.S. Department of Justice and other parties, relating to the firm’s securitization, underwriting and sale of residential mortgage-backed securities from 2005 to 2007. Click the headline to read more. …read more
From:: Real Estate Wire