Housing Woes Are Far from Over
Residential real estate site Zillow.com released a discouraging report on the future of the housing market in the United States. The web site compiles information regarding home prices, mortgage values, tax rates, and other important information and has become a leading authority on residential real estate.
Among the findings of Zillow’s analysis is that nearly one-quarter [...]
U.S. banks play catch-up on hiring effort
NEW YORK (Reuters) – U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.
Banks, including those seen as least hurt by the crisis such as Goldman Sachs Group (GS.N) and JPMorgan Chase & [...]
Fed likely to keep key interest rate at record low
Even as economy shows improvement, Fed is likely to hold rates at record low this week
WASHINGTON — With the economy strengthening but still fragile, Federal Reserve policymakers are expected to hold a key lending rate at a record low this week and will weigh whether to extend some programs that were created to ease the [...]
Hyatt checks-in for an IPO
The Pritzker family is one of the richest in the U.S. with many business interests. One of the most notable is Hyatt Hotels, which Jay Pritzker founded in 1957 when he purchased a hotel next to the Los Angeles International Airport.
Well, this week the company filed the necessary papers to go public. The company had [...]
AIG, Fannie Mae and Freddie Mac Rise From the Dead
NEW YORK (TheStreet) — It took more than 28 days, but the so-called “zombie” stocks have started to show signs of life.
American International Group (AIG Quote), Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote) each enjoyed huge run-ups in their stock prices since Wednesday.
AIG catapulted more than 70% higher at times on Wednesday, eventually [...]