Business and Finance

Another Closed Las Vegas Short Sale in Nevada

Jun 14th, 2011 | By

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.



GE Executive Immelt Resigns from New York Fed after Protest

Apr 29th, 2011 | By
GE Executive Immelt Resigns from New York Fed after Protest

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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Dollar Down after Bernake Projects No Change in Securities

Apr 28th, 2011 | By
Dollar Down after Bernake Projects No Change in Securities

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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Home Prices Fall, Delaying Construction Industry Recovery

Apr 27th, 2011 | By
Home Prices Fall, Delaying Construction Industry Recovery

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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Silver and Gold Prices Rise Anticipating Chinese Demand

Apr 26th, 2011 | By
Silver and Gold Prices Rise Anticipating Chinese Demand

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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Netflix Second Quarter Shortfall Prediction Sends Stock Down

Apr 26th, 2011 | By
Netflix Second Quarter Shortfall Prediction Sends Stock Down

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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Tablet Sales to Top $49 Billion by 2015, Analysts Predict

Apr 23rd, 2011 | By

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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GE First Quarter Earnings Soar

Apr 21st, 2011 | By
GE First Quarter Earnings Soar

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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Perella Weinberg Buys AIG Rail Services for $600 Million

Apr 19th, 2011 | By
Perella Weinberg Buys AIG Rail Services for $600 Million

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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Stocks Dragged by US Credit, Chinese Inflation, Euro Debt

Apr 18th, 2011 | By
Stocks Dragged by US Credit, Chinese Inflation, Euro Debt

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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