Vineyard Defaults Surge as Bargain Wines Hurt Napa (Update1)Monday, March 8, 2010 @ 3:32PMIn California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands.
H&R Block Reports Fiscal 2010 Third Quarter ResultsMonday, March 8, 2010 @ 3:05PMKANSAS CITY, MO--(Marketwire - 03/08/10) - H&R Block, Inc. (NYSE: HRB - News ) -- Consolidated net income up 6.9% to $50.6 million, or $0.15 per share -- Net income from continuing operations of $0.16 per share, down $0.04 to prior year -- Total revenues decline 5.9% to $934.9 million H&R Block, Inc. (NYSE: HRB - News ) today reported consolidated net income for the fiscal third quarter ended ...
TIB Financial Corp. Reports Fourth Quarter and Annual ResultsMonday, March 8, 2010 @ 3:01PMNAPLES, Fla.----TIB Financial Corp. , parent company of TIB Bank and Naples Capital Advisors, leading financial services providers serving the greater Naples, Bonita Springs, Fort Myers and Cape Coral areas, South Miami-Dade County, the Florida Keys and Sarasota County, today reported its financial results for the fourth quarter and full year 2009.
ETA on full economic recovery? Try 2017 in NHMonday, March 8, 2010 @ 2:38PMOne out of every 11 mortgages in New Hampshire is past due. Bankruptcy filings in January and February hit historic highs for those months. So did the number of foreclosure deeds filed in January. And the January unemployment rate rose to 7 percent.
MARKETSMonday, March 8, 2010 @ 2:20PMRECOMMENDATION: Aries Agro (Rs 105.4): Buy Aries Agro was among the top gainers on Monday as the stock surged 10 per cent higher. This spike was accompanied by volume that was the highest in the past three months. Monday's rally has also aided the stock to record its highest close in ...
HOME PAGEMonday, March 8, 2010 @ 2:19PMGovt fixes NMDC issue at Rs 300-350 The Empowered Group of Ministers (EGoM) on Monday has pegged the price band for the Further Public Offer (FPO) of the National Mineral Development Corporation Ltd (NMDC) at Rs 300-350 ...
IBERIABANK Corporation Closes $345 Million Common Stock OfferingMonday, March 8, 2010 @ 1:54PMIBERIABANK Corporation , the holding company of the 122-year-old IBERIABANK and IBERIABANK fsb, announced today the closing of its underwritten public offering of 5,973,207 million shares of the Company's common stock at a price to the public of $57.75 per share, for gross proceeds of approximately $345 million, which included 778,402Â shares pursuant to the exercise of the underwriters' over ...
AIG: $51 billion down, $51 billion to goMonday, March 8, 2010 @ 12:54PMAfter selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers.
Phuket to get more tsunami buoysSaturday, March 6, 2010 @ 4:31AMPhuket Hotels Phuket Resorts Phuket Accommodation Phuket Real Estate Phuket Villas Phuket Spas Phuket Bungalows Phuket Tours Phuket Golf Phuket Bars Phuket Diving
McMurray man pleads to fraud, tax chargesSaturday, March 6, 2010 @ 2:53AMThis article has been read 0 times. A McMurray man pleaded guilty Thursday in federal court to charges of wire fraud conspiracy and filing false tax returns.
Napa man took $200,000 from familySaturday, March 6, 2010 @ 2:21AMSaturday update A Napa man has pleaded no contest to swindling his siblings out of about $200,000.
Lenders pursue mortgage payoffs long after homeowners defaultSaturday, March 6, 2010 @ 12:11AMWhen John King stopped making payments on his home in Coral Gables, Fla., two years ago, he assumed the foreclosure ended his mortgage contract, he said. In December, a Miami-Dade County court gave collectors permission to pursue him for $44,000 stemming from the default.
11.3 million homeowners underwater on mortgageSaturday, March 6, 2010 @ 12:10AMWASHINGTON — More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a recent report released by FirstAmerican CoreLogic.
Washington company must pay estate in wrongful auctionFriday, March 5, 2010 @ 11:58PMA King County judge on Friday ordered one of the West Coast's major players in the foreclosure industry to pay more than $230,000 to the estate of a disabled senior citizen whose Whidbey Island home was wrongfully auctioned off after she fell behind on payments.
Self-financing business start-upsFriday, March 5, 2010 @ 11:20PMLoans are a great, affordable way to get a small business off the ground. But besides not being for everybody, they are especially difficult to get during the current recession.
Bimini Capital Management Announces Fourth Quarter 2009 ResultsThursday, March 4, 2010 @ 4:02PMVERO BEACH, Fla.----Bimini Capital Management, Inc. : Fourth Quarter Income from Continuing Operations of $8.9 Million 2009 Annual Income from Continuing Operations of $47.6 Million MBS Portfolio Remains 100% Invested in Agency MBS Company to Discuss Results on Tuesday, March 9, at 8:30 a.m.
Is Mortgage Refinancing a Loser's Game?Thursday, March 4, 2010 @ 3:15PMWith the average homeowner mortgage lasting well less than 10 years before it is refinanced or paid off, it's no wonder Americans are so lacking in home equity.
Marvell Technology Reports Fiscal Fourth Quarter and Fiscal 2010 ResultsThursday, March 4, 2010 @ 3:15PMMarvell Technology Group Ltd. , a world leader in storage, communications and consumer silicon solutions, today reported financial results for the fourth quarter and fiscal year 2010, ended January 30, 2010.
The New Republic: UnHAMPering The Housing CrisisWednesday, February 24, 2010 @ 4:43PMThe Obama administration's foreclosure prevention plan, the Home Affordable Modification Program ("HAMP"), offers subsidies to the financial industry to modify mortgages — but hasn't been enough. Brad Miller suggests FDR's 1933 HOLC model would work just as good today.
Dollar Awaits a Clear Read on Risk and Rate ForecastsWednesday, February 24, 2010 @ 4:32PMThe dollar and US markets were delivered a shock last week when the Federal Reserve announced a hike to the discount lending rate. While this may not seem to hold the same weight that a hike to the Fed Funds rate could have elicited, the implications are perhaps greater than the immediate reaction the dollar and other speculative assets have allowed.
Liberty Global Reports Fourth Quarter and Full Year 2009 ResultsWednesday, February 24, 2010 @ 4:02PMENGLEWOOD, Colo.----Liberty Global, Inc. , today announces financial and operating results for the fourth quarter and year ended December 31, 2009. Highlights for the year compared to the same period for 2008 , include: Organic RGU1 additions of 932,000 in 2009, including 322,000 in Q4 Revenue of $11.1 billion, reflecting 4% rebased2 growth Operating Cash Flow 3 of $4.9 billion, representing 7 ...
Express Scripts Reports Strong Fourth Quarter EarningsWednesday, February 24, 2010 @ 3:35PMExpress Scripts, Inc. announced 2009 fourth quarter and full year net income from continuing operations of $222.9 million and $826.5 million, or $0.80 and $3.11 per diluted share, respectively. Â Adjusted earnings per share, as detailed in Table 3, were $0.97 and $3.58 per diluted share for the fourth quarter and full year, respectively. Â
Northern States Financial Reports 2009 Financial ResultsWednesday, February 24, 2010 @ 3:22PMWAUKEGAN, IL--(Marketwire - February 24, 2010) - Northern States Financial Corporation ( NASDAQ : NSFC ), holding company for NorStates Bank, an FDIC-insured financial institution, reported a net loss for 2009 of $33,823,000, or $8.52 per share, compared with a net loss for 2008 of $9,273,000 or $2.26 per share. The Company reported a fourth quarter 2009 net loss of $2,793,000, or $0.75 per ...
Northern States Financial Reports 2009 Financial ResultsWednesday, February 24, 2010 @ 3:10PMWAUKEGAN, IL--(Marketwire - 02/24/10) - Northern States Financial Corporation (NASDAQ: NSFC - News ), holding company for NorStates Bank, an FDIC-insured financial institution, reported a net loss for 2009 of $33,823,000, or $8.52 per share, compared with a net loss for 2008 of $9,273,000 or $2.26 per share. The Company reported a fourth quarter 2009 net loss of $2,793,000, or $0.75 per share ...
Service Corporation International Announces Fourth Quarter 2009 Financial Results and Updates 2010 GuidanceWednesday, February 24, 2010 @ 3:07PMService Corporation International , the largest provider of deathcare products and services in North America, today reported results for the fourth quarter 2009. Â Our consolidated financial statements can be found at the end of this press release. Â The table below summarizes our key financial results:
SI Financial Group, Inc. Reports Results for the Quarter and the...Wednesday, February 24, 2010 @ 2:57PMSI Financial Group, Inc. (the “Company”) (NASDAQ Global Market: SIFI), the holding company of Savings Institute Bank and Trust Company (the “Bank”), reported net income of $620,000 or $0.05 ...
Minnesota banks struggling to break free of bad loansWednesday, February 24, 2010 @ 2:22PMTalk to community bankers and the first thing they’ll want to be sure you know is that their doors are open and they’re lending. But they’ll also admit to suffering their worst collective headache in decades.
Omega Announces Fourth Quarter 2009 Financial Results; Adjusted FFO of $1.47 Per Share for 2009Monday, February 22, 2010 @ 11:15PMHUNT VALLEY, Md.----Omega Healthcare Investors, Inc. today announced its results of operations for the quarter and fiscal year ended December 31, 2009. The Company also reported Funds From Operations available to common stockholders for the three months ended December 31, 2009 of $24.9 million or $0.29 per common share.
At what point do homeowners walk away?Monday, February 22, 2010 @ 8:58PMIf your home is worth less than what you owe, would you walk away and allow it to go into foreclosure?
Categorized | OpinionsMonday, February 22, 2010 @ 7:38PMPresident Obama says one thing and does the opposite. In his recent budget proposal, he said Americans should save more and spend less. Then he proposed a $3.8 Trillion budget plan.
State lawmakers propose foreclosure relief billMonday, February 22, 2010 @ 7:29PMHouse Democrats want to help Arizona homeowners get back on track when it comes to their home loans. Monday, lawmakers announced a bill that would help bring relief to homeowners across the state, which is ranked second in foreclosures.
Hard times for resort, but not for homeowners in WhistlerMonday, February 22, 2010 @ 6:01PMWHISTLER, B.C. — Talk about timing, and a captive audience. If you are going to schedule a foreclosure sale, you might as well do it when the world is coming to your door.
HealthSouth Reports Strong Results for Fourth Quarter and Full Year 2009Monday, February 22, 2010 @ 5:28PMBIRMINGHAM, Ala., Feb. 22 /PRNewswire-FirstCall/ -- HealthSouth Corporation (NYSE: HLS), the nation's largest provider of inpatient rehabilitative healthcare services, today reported its results of operations for the fourth quarter and year ended December 31, 2009.
GS Financial Corp. Announces Fourth Quarter and Year End ResultsMonday, February 22, 2010 @ 4:14PMMETAIRIE, La. -- GS Financial Corp. , the holding company for Guaranty Savings Bank , reported a net loss for the quarter ended December 31, 2009 of $99,000, or per share diluted, compared with a net loss of $170,000, or per share diluted, for the same period in 2008.
$1.5 billion aims to help struggling homeownersSaturday, February 20, 2010 @ 10:40AMThe government threw a $1.5 billion lifeline to unemployed and underwater homeowners on Friday, amid a new report suggesting the nation's foreclosure crisis may be easing. Under the initiative, Flori...
Mortgage relief funds headed to CaliforniaSaturday, February 20, 2010 @ 8:24AMTargeting California and the four other states hardest hit by the housing crisis, President Obama on Friday offered a $1.5 billion "innovation fund" to devise solutions for homeowners struggling against foreclosure. "What we can do is help families that have...
Church leaders admit to defrauding parishionersSaturday, February 20, 2010 @ 5:19AMTwo former leaders at the Christian Assembly Church in Forest Hills pleaded guilty to fraud charges on Friday. Robert Riddle and Timothy Smith were among five implicated in a scheme that bilked nearly $12 million from elderly parishioners last year.
Successions can create family riftsSaturday, February 20, 2010 @ 3:40AMLast in a series "Your mom and dad owe you nothing. Your parents don't owe you a farm. Your parents don't even owe you an inheritance. Your parents owe you nothing."
Financial Facts: Time to break your ARM?Saturday, February 20, 2010 @ 1:08AMIf you are like a lot of homeowners, you just may be the proud holder of an adjustable rate mortgage (ARM). Over the past few years, many homebuyers and those who refinanced their homes locked into an ARM as the interest rates were significantly lower than the fixed rate mortgages. Now many of those ARMs' lock periods are running out and a substantial rate increase may be in your future. I ...