Foreclosure rate in Denver hits record low

By Monica Mendoza

Denver-area foreclosures were down 14 percent in 2015 from a year earlier to an all-time low rate, according to year-end data from y RealtyTrac.

The low foreclosure rate speak to the health of the overall Denver economy, said Daren Blomquist, vice president at RealtyTrac.

“Denver is a real bright spot when it comes to foreclosures. They are still going down from a year ago,” Blomquist said. “In 2014, they were already low – in what we would call a safe and healthy foreclosure level. They… …read more

From:: biz journal foreclosures

Explosions, gunfire rock Jakarta, at least 1 killed

A series of large explosions rocked Jakarta, the capital of Indonesia, on Thursday morning. The Associated Press reports one blast was in front of a popular shopping mall, and there have been at least six other explosions as well as gunfire. At least one person is reported dead. The area of the mall blast contains many luxury hotels, offices and embassies. Police cordoned off the area and sounds of gunfire could be heard. ABC News reported Indonesia has been on high alert against threats by Islamic extremists after foiling a terror plot late last 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

At least one winner in $1.6 billion Powerball jackpot

Wednesday night’s record Powerball jackpot — estimated at $1.6 billion — has at least one winner. The California Lottery announced on Twitter that one winning ticket was sold in Chino Hills. Other states are still checking to see if there are additional winning tickets. The winning numbers are: 8, 27, 34, 4, 19 and the Powerball of 10.

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

Zillow: Here are 2016’s hottest housing markets

Since we’re only a few weeks into the new year, there’s still plenty of time to identify which housing markets are set to blow up this year. Zillow set out to do just that, using its Home Value Forecast, which forecasts the change in the Zillow Home Value Index over the next 12 months, recent income growth, and current unemployment rate to pinpoint which markets will be the hottest in 2016. …read more

From:: Real Estate Wire

Carl Icahn discloses 4.66% stake in Gannett

Activist investor Carl Icahn has reported a 4.66% stake in Gannett Co. Inc. , according to a filing Wednesday. Icahn had sold his shares in the media company last year. Gannett spun off its broadcast and digital media businesses under Tegna Inc in 2015. Gannett owns newspapers and other media assets. Gannett shares were flat in late trading Wednesday after ending the regular session down 0.1%.

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

Extra Space Storage shares rise on S&P 500 inclusion

Extra Space Storage Inc. shares advanced in the extended session Wednesday after S&P Dow Jones Indices said the storage-space real-estate investment trust would replace Chubb Corp. on the S&P 500 Index . Extra Space shares rose 2% to $91.30 after hours. The change is scheduled to occur after the close of trade on Jan. 15, when ACE Ltd. is expected to close on its acquisition of Chubb.

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

Ambarella shares drop more than 10% on heels of GoPro outlook cut

Ambarella Inc. shares fell in the extended session Wednesday after GoPro Inc. cut its outlook and announced layoffs. Ambarella shares dropped 11% to $39.85. The company is a major chip supplier for GoPro’s wearable cameras. In early December, Ambarella warned of lighter-than-expected sales citing a weakness in the wearable camera market. Late Wednesday, GoPro shares dove more than 20% after the camera maker cut its fourth-quarter revenue outlook and announced it would cut 7% of its workforce.

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