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  • Tories, Grits hurl insults during political showdown Tuesday, December 2, 2008 @ 5:40PMThe political showdown in Ottawa reached a fever pitch in Parliament Tuesday as Prime Minister Stephen Harper accused his foes of "betraying" voters while the opposition said the Tories have been misleading the country with doublespeak.
  • FDIC cracks down on OneUnited Bank Tuesday, December 2, 2008 @ 3:07PMA federal bank regulator recently accused the management of OneUnited Bank, one of the largest black-owned banks in the country, of running an unsound lending operation and ordered a top-to-bottom review of executive perks that included a 2008 Porsche and a housing allowance for a beach-front home in California.
  • "Citigroup Predicts 2,000 Gold in 2009" Tuesday, December 2, 2008 @ 2:40PMThe horror of this financial crisis continues to grow. The debate continues over bailing out the auto industry. What do you think? If a bailout occurs it will only be the first in a never ending line of industries seeking help.
  • Real estate a tough sell in troubled economy Tuesday, December 2, 2008 @ 8:42AMThe severe lack of accessible capital has brought the Bay Area real estate sector to a near dead stop, upending deals, stalling development and scuttling sales, builders and brokers say. The most glaring and frightening example for many in the industry was...
  • Special Reports Tuesday, December 2, 2008 @ 6:05AMWithout any public debate or authorization from Congress, the Federal Reserve has embarked on the most expensive and radical financial intervention in history.
  • Citigroup Predicts 2,000 Gold in 2009 Tuesday, December 2, 2008 @ 3:43AMBy: David N. Vaughn, Gold Letter, Inc. The horror of this financial crisis continues to grow. The debate continues over bailing out the auto industry. What do you think? If a bailout occurs it will only be the first in a never ending line of industries seeking help.
  • How To Cope With The Flood Of Foreclosures? Monday, December 1, 2008 @ 11:03PMWhile Wharton profs agree this is the central question of the financial crisis, the answers are still cloudy.
  • Background Note: Nigeria Monday, December 1, 2008 @ 9:48PMGeography Area: 923.8 thousand sq. km. (356,700 sq. mi.) about the size of California, Nevada, and Arizona. Cities: Capital --Abuja (pop. est. 452,000).
  • Dealing with underwater mortgages Sunday, November 30, 2008 @ 8:09AMDavid Craig knows how draining it can be to make payments on a home that is worth less than the mortgage debt on it.
  • Deutsche Bank, Kalev, Fletcher, RBC, NatWest in Court News Wednesday, November 26, 2008 @ 6:36AMNov. 26 (Bloomberg) -- Deutsche Bank AG , Germany’s biggest bank, won dismissal of part of a lawsuit filed by German businessman Leo Kirch over comments made about his media group’s creditworthiness shortly before its 2002 bankruptcy.
  • Search for college financial aid is a headache Wednesday, November 26, 2008 @ 5:57AMMatt Johnston had hoped to play baseball at a Division 1 college, such as UC Riverside or UCLA. Then the economy got worse and his father started hearing from baseball people that competition for scholarships was increasing.
  • Bankruptcies & Foreclosures Wednesday, November 26, 2008 @ 5:02AMThe following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter 11 is for companies seeking to reorganize while under bankruptcy court protection; and Chapter 13 is...
  • House values decline again Wednesday, November 26, 2008 @ 2:17AMSeattle-area house values fell 10.1 percent from their recent peak in July 2007 to this September, according to a national index.
  • Liberty Will Unwind Part of DirecTV Equity Collar (Update2) Tuesday, November 25, 2008 @ 9:30PMNov. 25 (Bloomberg) -- Liberty Media Corp. , owner of the QVC home-shopping channel, will unwind part of an equity collar in satellite-television provider DirecTV Group Inc. to generate cash to repay debt.
  • Experts: Housing woes likely to worsen Tuesday, November 25, 2008 @ 12:57AMWASHINGTON — If you think the housing slump can’t get much worse, Martin Feldstein thinks both home prices and the broader economy can — and very likely will — get a whole lot worse.
  • Feds bust home equity theft ring Monday, November 24, 2008 @ 11:10PMFour men participated in a multi-national identity theft ring that siphoned millions of dollars from banks and credit unions across the country, authorities charged today.
  • Citigroup Gets U.S. Rescue From Losses, Cash Infusion (Update3) Monday, November 24, 2008 @ 9:52PMNov. 24 (Bloomberg) -- Citigroup Inc. received a U.S. government rescue package that shields the bank from losses on toxic assets and injects $20 billion of capital, bolstering the stock after its 60 percent plunge last week.
  • Questions/Answers Sunday, November 23, 2008 @ 4:17PMQuestions and answers on Daily Bulletin stories from readers like you. PFF Bank & Trust is now U.S. Bank.
  • RMG Capital Corporation Reports Third Quarter Earnings Saturday, November 22, 2008 @ 1:31AM RMG Capital Corporation, the holding company for Fullerton Community Bank, F.S.B. in Fullerton, California, announced results for the third quarter of 2008.
  • Affordability is up: More first-time home buyers will enter market Friday, November 21, 2008 @ 9:24AMReal estate professionals Thursday were told to prepare for a housing market in 2009 that is frothy, but built on a dune of shifting economic sand.
  • Community banks on shaky ground Thursday, November 20, 2008 @ 8:40AMMany community banks in the Portland area are standing on wobbly legs, laden with loans to homebuilders and developers and buffeted by the world financial crisis.
  • RV Products shuts down until January Thursday, November 20, 2008 @ 7:16AM Wichita-based RV Products will shut down production for six weeks because of economic conditions. The company, at 3050 N. St. Francis, makes heaters and air conditioners for the recreational vehicle industry. The shutdown affects 161 workers. Their last day will be Friday, and they are scheduled to return to work Jan. 5. They will not be paid during the shutdown but will retain benefits. ...
  • Minor difficulties: Hotel owner, bank at odds Tuesday, November 18, 2008 @ 3:20PMJust a year before Halsey Minor stepped down as CEO of Cnet in 2000, the tech industry news website he founded in 1992, Fortune estimated his net worth to be $394.1 million. FILE PHOTO BY JAY KUHLMANN Charlottesville’s most-hotly anticipated building project, the Landmark Hotel, has erupted into controversy, as $24 million in bank loans disappeared last [...]
  • Credit markets across the globe, which were flush with liquidity not too long ago, are in a limbo as inter-bank ... Tuesday, November 18, 2008 @ 11:45AMWill the world come to a spectacular and disastrous financial end? Credit markets across the globe, which were flush with liquidity not too long ago, are in a limbo as inter-bank borrowing stands frozen after a series of prominent write-downs, insolvencies and collapses.
  • Wells Fargo Offers $250,000 in Assistance for Southern California Wildfire Victims Monday, November 17, 2008 @ 11:48PM To help victims of the Southern California wildfires, Wells ...
  • Capital Corp of the West Reports Special Non-Cash Balance Sheet Adjustments Contribute to Third Quarter Net Loss Monday, November 17, 2008 @ 11:43PM MERCED, Calif.----Capital Corp of the West , parent company of County Bank, today announced a third quarter net loss of $54.6 million, or $5.04 per diluted share, compared to net income of $6.0 million, or $0.55 per diluted share, for the third quarter of 2007.
  • Wells Fargo Offers $250,000 in Assistance for Southern California Wildfire Victims Monday, November 17, 2008 @ 11:38PM LOS ANGELES----To help victims of the Southern California wildfires, Wells Fargo & Company said today it is contributing $250,000 to several local agencies across Los Angeles, Orange and Riverside counties, including the American Red Cross Wildfire Disaster Relief Fund, to help with relief and rebuilding efforts.
  • Multifamily Joins REIT Stocks’ Slide in Q3 Monday, November 17, 2008 @ 9:48PMNEW YORK CITY—As the economy and stock markets continue to spiral downward, REIT stocks have followed suit, according to the third-quarter earnings reports released in recent weeks.
  • Texas’ foreclosure numbers a mixed bag, report shows Friday, November 14, 2008 @ 8:32PMThere’s good news and bad news to report on the Texas foreclosure front.
  • The Singing Machine Company Reports 2nd Quarter Results Friday, November 14, 2008 @ 7:31PMThe Singing Machine Company ("Singing Machine" or the "Company")(AMEX:SMD) announced
  • The Singing Machine Company Reports 2nd Quarter Results Friday, November 14, 2008 @ 7:27PM COCONUT CREEK, Fla.----The Singing Machine Company announced today its results for its second quarter fiscal ended September 30, 2008.
  • Record loss forces Freddie Mac to tap $100 billion fund Friday, November 14, 2008 @ 5:26PMNEW YORK (Reuters) - Freddie Mac reported a $25.3 billion (17.1 billion pound) quarterly loss on Friday as the housing slump worsened, forcing the second-largest provider of U.S. home loan funding to draw on a $100 billion Treasury Department lifeline.
  • Jean-Marie Eveillard Buys Genentech Inc., AMR Corp., ImClone Systems Inc., Sells Yahoo! Inc., Seattle Genetics Inc., ... Friday, November 14, 2008 @ 3:28PMAt the beginning of the year, Jean-Marie Eveillard did not see many opportunities. Now he thinks that the market is reasonablely priced. Of course stock prices declined even more after he bought some. Jean-Marie Eveillard owns 304 stocks with a total value of $9.7 billion. These are the details of the buys and sells of the third quarter. Jean-Marie Eveillard buys Banco Latinoamericano de ...
  • Record loss forces Freddie Mac to tap $100 billion fund Friday, November 14, 2008 @ 3:08PMFri 14 Nov, 2008 14:43
  • Capital Corp of the West Files Form 12b-25 for Additional Time Finalizing Third Quarter Results, Will Apply to ... Thursday, November 13, 2008 @ 2:00AM MERCED, Calif.----Capital Corp of the West , parent company of County Bank, today announced that it filed a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission to report that it was not able to timely file its Form 10-Q for the quarter ended September 30, 2008.
  • YTB to sell office to Prestige Management for $1.5M Thursday, November 13, 2008 @ 12:16AMYTB International Inc. is selling an Edwardsville, Ill., office building, including the equipment, for $1.5 million to Prestige Management Services, according to a regulatory filing.
  • David Dreman Buys Imperial Tobacco Group PLC, The Walt Disney Company Disney, KimberlyClark Corp., Sells L3 ... Thursday, November 13, 2008 @ 12:16AMDavid Dreman, father of Contrarian Investing, has been hurt by the recent financial melt down. He thinks that it is not easy for investors to profit from the government bailout. He is not buying much. David Dreman owns 333 stocks with a total value of $10.9 billion. These are the details of the buys and sells during the third quarter. David Dreman buys Imperial Tobacco Group PLC, The Walt Disney ...
  • Retail REITs Feeling Effects of Tenant Fallout & Leasing Slowdown Wednesday, November 12, 2008 @ 11:55PMWe knew the third quarter would be bad for retail REITs. The question was, how bad would it be? Given the current environment of retailers filing for bankruptcy, shuttering doors, pulling back on expansion and openly announcing intentions to renegotiate...
  • Coast Bancorp Third Quarter 2008 Earnings Announcement Wednesday, November 12, 2008 @ 11:30PM Coast Bancorp, the holding company for Coast National Bank, announced the unaudited financial results for the quarter ended September 30, 2008.
  • Nearly a Third of Past Year’s Home Sales Were Losses Wednesday, November 12, 2008 @ 8:42PMRecent Report by Zillow includes some depressing findings
  • Sonoma Valley Bank reports record assets Wednesday, November 12, 2008 @ 8:37PMSonoma Valley Bancorp, the holding company for Sonoma Valley Bank, posted record total assets of $317 million at September 30 this year, up 6.4% from $298 million as of September 30, 2007. Loans reached $260 million, up 5.9% from $245 million in 2007 while deposits grew 8.0%, to $247 million, up from $229 million a year ago.
  • AUS Tertiary Update Wednesday, November 12, 2008 @ 8:01PMAUS and ASTE call for continuation of tertiary-education strategy Unions representing staff in the tertiary-education sector say that they will work with the new National-Act government to ensure that reforms resulting from the tertiary-education strategy of the outgoing government will continue to meet the economic and social goals and needs of the country.
  • Umpqua Bank and Energy Trust of Oregon Launch GreenStreet Lending Wednesday, November 12, 2008 @ 4:00PM Today, Umpqua Bank, a subsidiary of Umpqua Holdings Corp., and Energy Trust of Oregon, Inc., an independent nonprofit organization, unveiled low-interest financing for energy-saving improvements and solar energy systems.
  • One-Third of Americans Who Sold Their Home in the Past Year Lost Money; Trend Expected to Continue As Home Values ... Wednesday, November 12, 2008 @ 1:00PM Term:
  • Zillow: Half of home sellers in past year lost money Wednesday, November 12, 2008 @ 8:55AMNearly half of Valley residents who sold a home in the past year lost money on the deal, according to a new study by online real estate networking and data service Zillow.com.
  • Reverse mortgages: Get money now, pay later Sunday, November 9, 2008 @ 6:55AMWith the current economic crisis hitting seniors hard, many homeowners are turning to reverse mortgages to ease pressure on their finances.
  • From Main Street to Skid Row Saturday, November 8, 2008 @ 11:49PMM ark Ancona is an environmental remediation specialist, a bloke who tears things down - carefully. A couple of months ago, he drove into a lush and relatively isolated area in Palm Beach County, Florida, to inspect a warehouse his company was contracted to demolish.
  • Federal Home Loan Bank of San Francisco Reports Third Quarter Operating Results Friday, November 7, 2008 @ 11:00PMThe Federal Home Loan Bank of San Francisco today announced that its third quarter 2008 net income
  • Federal Home Loan Bank of San Francisco Reports Third Quarter Operating Results Friday, November 7, 2008 @ 10:48PM SAN FRANCISCO----The Federal Home Loan Bank of San Francisco today announced that its third quarter 2008 net income fell $34 million, or 25%, to $101 million from $135 million in the third quarter of 2007.
  • Why Foreclosure Relief Worries Many Servicers Thursday, November 6, 2008 @ 3:47PMWith pressure mounting for Congress to enact a 90-day moratorium on home foreclosures, mortgage servicers are warning that the move could have the perverse effect of prolonging the housing downturn.