Business and Finance
Jun 14th, 2011 |
By Lori Ballen
The Ballen Group, Las Vegas Short sale Agents who use a comprehensive Las Vegas Short Sale System, has closed another Las Vegas Short Sale saving the Nevada Homeowner from Foreclosure.
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Tags: Keller Williams Realty Las Vegas, Las Vegas short sale, Nevada, The Ballen Group
Apr 29th, 2011 |
By Roy Rasmussen
General Electric Chairman and CEO Jeffrey Immelt has resigned from his position as a Class B Director on the Federal Reserve Bank of New York’s board of directors, effective March 9, the New York Fed announced Thursday. Explaining his decision, Immelt cited increased demands on his time, in particular his recent commitment to serve as
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Tags: Federal Reserve Bank, GE, Jeffrey Immelt, Jobs and Competitiveness Council, Tea Party
Apr 28th, 2011 |
By Roy Rasmussen
The dollar fell to a 16-month low against the euro after Federal Reserve Chairman Ben S. Bernanke announced that the Fed’s Federal Open Market Committee (FOMC) will to continue expanding its holdings of securities in order to maintain price stability and promote employment. The Fed feels that although the economy is recovering in some sectors,
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Tags: Ben S. Bernanke, Federal Open Market Committee, Federal Reserve Chairman, FOMC, unemployment
Apr 27th, 2011 |
By Roy Rasmussen
Housing prices from March 2010 to February 2011 fell the most in a year, according to data released Tuesday by S&P Indices for the monthly S&P/Case-Shiller Home Price Indices report. The decline is the largest over a twelve-month period since 2009 and brings housing prices near the six-year low reached in April 2009. Analysts predict
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Tags: construction industry, housing prices, property values
Apr 26th, 2011 |
By Chris Strong
Silver and gold prices rose to record levels in London Monday in anticipation of increased Chinese demand. A report from the Chinese news site Century Weekly, citing unidentified sources, helped push silver for immediate delivery to a record $49.79 an ounce, and gold to $1,518.32 an ounce. According to the Century Weekly report, the Chinese
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Tags: commodities, gold prices
Apr 26th, 2011 |
By Chris Strong
Mail-order and online movie rental service Netflix released its first-quarter results Monday and announced second-quarter profit projections that fell short of analyst expectations. The announcement sent Netflix stock falling $12.52, or 5 percent, to $239.15 in extended trading, as shares lost 55 cents to $251.67 at 4 pm New York time in Nasdaq Stock Market
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Tags: Amazon, Hulu, Nasdaq, Netflix
Apr 23rd, 2011 |
By Chris Strong
Sales of tablet computer devices like iPads will top $49 billion by 2015, predicts the market research firm Strategy Analytics in a new report. If this prediction holds, it will make tablets one of the best-selling consumer electronics items, just behind TVs and personal computers. Demand for tablets is rising as consumers accustomed to smartphones
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Tags: ipad, tablet computer device, touchscreen
Apr 21st, 2011 |
By Chris Strong
GE announced strong first-quarter earnings Thursday. Large gains stemmed partly from the performance of GE’s commercial lending and leasing service, GE Capital, which was able to set aside less money to cover bad loans, and a result tripled its profit to $1.8 billion after taxes. GE reported revenue of $38.4 billion, an increase of 6
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Tags: GE Capital, GE Helathcare, Jeff Immelt
Apr 19th, 2011 |
By Chris Strong
An affiliate of the Asset Based Value strategy unit of financial services firm Perella Weinberg Partners has agreed to buy AIG Rail Services from insurer American International Group (AIG), the companies announced Monday. Financial details were not disclosed, but inside sources place the value of the transaction at $600 million. The transaction will make Perella
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Tags: AIG Rail Services, American International Group, Asset Based Value, Perella Weinberg Partners
Apr 18th, 2011 |
By Chris Strong
Concerns about US government overspending sent US stock plunging the most in a month Monday, following a negative credit assessment by Standard & Poor (S&P). Fiscal ripples from the assessment pushed the price of oil down and raised the price of gold to record levels. Meanwhile global stocks fell following an announcement from China’s central
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Tags: inflation, price of gold, S&P, US stock