Types Of Bankruptcy

Beware of Fuzzy Math  If you ever found yourself dozing off in your high school math class, you may be at risk of getting hoodwinked by companies' and organizations' tantalizing but misleading numbers.read more...


Mortgage-Backed REITs Roiled by Carlyle Move (New York Times)  Shares of American mortgage real estate investment trusts plunged after Carlyle Capital failed to meet margin calls and received a notice of default.read more...


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John Barkley   I'll let her tell you all that Barkley did to them, but he wrongfully kept their deposit and ruined their rental history/credit, banking on the fact that they wouldn't


Mortgage rates dip for first time in months on inflation, housing data (Seattle Post-Intelligencer)  Finally, relief. For the first time in two months, mortgage rates fell.read more...


After 32 Years, Popular Joe's Deli Closes Shop  Real estate was a dare that turned into a career for a head-strong Missouri home economics teacher. read more...

October 19th, 2007

Profit slip spooks market

“Companies everywhere are in need of new computers and networking gear, and a majority of the demand is overseas.”

If corporate profits are the No. 1 measure of Wall Street’s health, the patient seems to be displaying some less-than-robust vital signs. And if the patient gets any weaker, the stock market may be in need of a pulse-o-meter. That was apparent Friday, after the Dow Jones industrial average plummeted by nearly 367 points on the 20th anniversary of the Black Monday 500-point Dow plunge, following an earnings warning by Caterpillar Inc., which blamed weakness in the home construction industry for a reduced profit outlook. Its stock was hammered, even though its third-quarter profits rose 21 percent. Analysts said investors are in no mood for any signs of trouble, what with oil briefly topping $90 a barrel this week and the housing industry beset by unsold real estate and hundreds of thousands of foreclosures. Read more



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