Road builder buys local contractor A fire that kept New Hanover County crews battling flames all Sunday afternoon is finally out.read more...
Pressure at Mortgage Firm Led To Mass Approval of Bad Loans (Washington Post) Maggie Hardiman cringed as she heard the salesmen knocking the sides of desks with a baseball bat as they walked through her office. Bang! Bang!read more...
Sub-prime mortgage symposium planned (The State) Confused about the sub-prime mortgage crisis? Not sure what a sub-prime mortgage is? The South Carolina Law Review will hold a symposium on sub-prime mortgage problems at USC?s Law School
CT Mortgage Lenging Co. Suspended from Activities (WCBS 880 New York) The state Department of Banking on Tuesday suspended the lending licenses of an embattled mortgage firm that is under investigation for failing to provide funding for customers whose mortgage loans
Mayor insists historic home not demolished; others beg to differ A brouhaha over the legal definition of demolition has pitted Ukiah Mayor Mark Ashiku against neighbors and preservationists after he razed the bulk of his historically significant house this week,
Longs Property Is a Wild Card Could CVS Caremark's pending $2.61 billion purchase of Longs Drug Stores come undone? Dissident shareholders hope so, having intensified their campaign to disrupt the deal just as the proceedings hit
“We’ve got a big problem in one segment of the economy, but it’s going to go away”
The bull market toppled another milestone today: The Dow Jones industrial average closed above 14,000 for the first time.
Shaking off another increase in oil prices and more downbeat assessments of the subprime mortgage mess, the blue-chip Dow rose 82.19 points, or 0.6%, to 14,000.41, bringing its year-to-date gain to 12.3%.
Broader indexes also rallied. The technology-dominated Nasdaq composite gained 20.55 points, or 0.8%, to 2,720.04, its highest close since 2001.
Tech stocks were a big factor in the market’s rally today: IBM jumped $4.78 to $115.86, a 5 1 2-year high, after the computer giant late Wednesday said second-quarter earnings rose 12%, beating expectations. Read more
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