Foreclosures | Mortgages | Financing
The J. Ronald Terwilliger Foundation for Housing America’s Families announced Wednesday that Frank Keating, the former governor of Oklahoma, is joining the foundation’s executive committee. Keating joins the Terwilliger Foundation after recently retiring as president and CEO of the American Bankers Association. …read more
From:: Real Estate Wire
Chase Mortgage announced it promoted Peter Muriungi to the head of servicing for mortgage banking after recent leadership changes left the position open. …read more
From:: Real Estate Wire
United Continental Holdings Inc. said Wednesday President and Chief Executive Oscar Munoz underwent a heart transplant earlier Wednesday and is recovering from the surgery. The transplant “was considered the preferred treatment and was not the result of a setback,” the company said in a statement. Munoz is expected to return to work between April and June, the airline said. Shares of United Continental fell 0.4% in late trading Wednesday after ending the regular session up 0.3%. Munoz suffered a heart attack in October; United named Brett Hart interim CEO later that 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.
From:: Stock Market News
If Republican Presidential candidate Ben Carson is elected president later this year, federal agencies may find themselves the targets of an unusual practice designed to improve their performance – the secret shopper. …read more
From:: Real Estate Wire
After a push to move back into the mortgage market two years ago, Ditech Financial announced it will exit distributed retail lending starting Jan. 8 due to changes in the market. The lender is choosing to focus its efforts on developing its consumer direct channel along with other opportunities. Click the headline to read more. …read more
From:: Real Estate Wire
Fitbit said that a class-action suit filed by consumers against the company over its heart-rate technology does not have merit. “Fitbit stands behind our heart-rate technology and strongly disagrees with the statements made in the complaint and plans to vigorously defend the lawsuit,” a Fitbit spokesperson said Wednesday. Consumers filed a lawsuit against Fitbit on Tuesday claiming that two of Fitbit’s wearable fitness trackers did not accurately track heart rates. But the company added that its devices are centered around tracking fitness goals, and not meant to be medical devices.
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
Greg Fleming, president of Morgan Stanley’s wealth management and investment management divisions, is set to leave the firm, according to people familiar with the matter. Colm Kelleher, head of the firm’s investment banking and trading, will be named president–a role that places him as CEO James Gorman’s No.2. Gorman is expected to stay on as the bank’s top boss for several years, according to a source familiar. Fleming, who has harbored aspirations of running a major Wall Street firm, has told those close to him that he decided to leave Morgan Stanley with the prospect of attaining the CEO title at the firm unlikely. Fleming helped shepherd Morgan Stanley’s renaissance in wealth management at a time when its trading platform was shaky. He joined Morgan Stanley in 2009 after helping oversee the sale of Merrill Lynch, where he was president and chief operating officer, to Bank of America during the heart of the financial crisis. A Morgan Stanley spokesman was unable to comment immediately.
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
NetApp Inc. late Wednesday said Chief Financial Officer Nick Noviello is leaving the company to pursue other opportunities and that it has named Jeffrey Bergmann, vice president of corporate finance, as interim CFO. The storage and data management solutions company also reaffirmed its third-quarter revenue outlook of $1.4 billion to $1.5 billion. It also maintained its earnings-per-share forecast of 47 cents to 52 cents and adjusted EPS target of 66 cents to 71 cents. Analysts surveyed by FactSet are projecting third-quarter adjusted EPS of 68 cents and revenue of $1.45 billion. The company is scheduled to announce its quarterly results on Feb. 17. NetApp shares were flat in after hours after falling 2.1% in the regular session.
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
California Gov. Jerry Brown declared a state of emergency Wednesday in the southern California neighborhood of Porter Ranch, in the San Fernando Valley, where thousands of residents have been evacuated due to a leaky gas storage facility. “All agencies of state government shall utilize all necessary state personnel, equipment, and facilities to ensure a continuous and thorough response to this incident,” according to the declaration. Southern California Gas Co. has estimated it could take months before the well could be plugged. The storage facility began leaking in late October.
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
Mistras Group Inc. shares jumped in the extended session Wednesday after the asset protection services company topped Wall Street estimates for the quarter. Mistras shares rallied 7.2% to $20. The company reported fiscal second-quarter earnings of 39 cents a share on revenue of $194.8 million. Analysts surveyed by FactSet had estimated 26 cents a share on revenue of $186 million. Mistras forecast revenue of $710 million to $725 million for the year, while analysts expect $716.6 million.
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