Banks Pay the Price for Risky Mortgage Bets (NPR) Major banks are suffering enormous losses on investments tied to home mortgages. For years, Wall Street made handsome returns betting on mortgage-backed securities. But those securities are opaque and contain
Adesso moves to new offices Adesso Inc., a Walnut-based manufacturer and distributor of keyboards, mice and other computer-related products, has moved to a new headquarters in the city.via
Preserving Hallowed Ground Housing developers today have replaced the sharp-shooters scouring the rolling hills around the Gettysburg battlefield. read more...
Thornburg Mortgage Posts $3.31 Billion Loss (NYTimes.com via Yahoo! Finance) Before paying preferred dividends, Thornburg Mortgage lost $3.31 billion, or $20.64 a share, in contrast to a profit of $75 million, or 62 cents a share, a year earlier.read
Sherwin Williams: Another Solid Year, Laughingly Undervalued In a recent interview, Sherwin Williams CEO Christopher Connor reassured shareholders that despite the US housing situation, his company would post another solid year. via Seeking Alpha read more...
After Financing the Housing Boom, Wall Street Shuts Off the Spigot New Century's collapse illustrates how the residential real-estate market was fueled through generous credit. Now that the flow of cash has been stopped, more than two dozen subprime lenders have
The vast economic divide between Sydney and Perth may be showing the first tentative signs of narrowing, but as the commodity boom trundles on, economists say any rebalancing between the two cities will be a …
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