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A Gamble That Went Bust  The collapse of ANB, an Arkansas bank that went bust last week in the biggest failure of a brick-and-mortar U.S. bank in more than a decade, is an ominous sign


Lowe's coming to Ogdensburg...  The doors to the new Ogdensburg Lowe's will be open by the end of the year. The store will bring 120 new jobs to the area, and 80 percent of


Housing spins off an IPO (Reg Req'd)  Builders FirstSource, the Dallas-based lumber supplier to the red-hot home building industry, will go on sale to the public this week in an offering that could spark the company's next


Barclays buys HomeEq's mortgage servicing business (bizjournals.com via Yahoo! Finance)   Barclays Bank on Thursday agreed to pay $469 million to buy the mortgage servicing business of HomEq Servicing Corp. from Wachovia Corp.read more...


U.S. Mortgage Market Needs $1 Trillion, Friedman Billings Says (Bloomberg.com)  March 7 (Bloomberg) -- The $11 trillion U.S. home-mortgage market needs about $1 trillion in new investment to halt a slide in prices that began last year, according to analysts


New Century Stock Resumes Slide; GE Mortgage Unit Curbs Loans (Bloomberg.com)  March 9 (Bloomberg) -- New Century Financial Corp.'s stock, already down about 90 percent this year, fell to its lowest level since 1998 as Merrill Lynch & Co. analyst Kenneth

May 9th, 2006

Prosperity brings a new set of troubles for Hmong quilters

Spring had come to Lancaster County, soft and warm as the velvet on a newborn calf’s nose.

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