Bay Area home prices rise, but sales fall
Bay Area home prices rose in January for the fourth straight month on a year-to-year basis while the number of home sales dropped below what they were a year ago for the first time in 17 months.
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UK borrows in January, bad sign for deficit
(AP:LONDON) Britain’s national and local government had to borrow money in January for the first time in 1993, officials statistics showed Thursday in another sign of how recession is hurting government finances.
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January public sector deficit casts doubt on full-year forecast
LONDON – Britain’s national and local government had to borrow money in January for the first time in 1993, officials statistics showed in another sign of how recession is hurting government finances…
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UK borrows in January, bad sign for deficit
(AP:LONDON) Britain’s national and local government had to borrow money in January for the first time in 1993, officials statistics showed in another sign of how recession is hurting government finances.
Read more on INO News
UK borrows in January, bad sign for deficit
Britain’s national and local government had to borrow money in January for the first time in 1993, officials statistics showed in another sign of how recession is hurting government finances.
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Zayat Stables, Thoroughbred Owner, Files Bankruptcy (Update4)
Feb. 3 (Bloomberg) — Zayat Stables LLC , the fourth-biggest winner among U.S. thoroughbred owners, filed for bankruptcy court protection today, blaming a dispute with its lender, Fifth Third Bank.
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Judge dismisses Aspen Land Fund bankruptcy
ASPEN – A federal judge Tuesday dismissed the Chapter 11 bankruptcy of a development group planning to build a hotel at the base of Aspen Mountain. During a hearing in Denver, Judge Howard Tallman lifted bankruptcy protection from Aspen Land Fund II LLC after its major creditor, Alpine Bank, filed a motion last month for the case to be dismissed in an effort to collect on a $22.25 million …
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Norway Holds Main Rate as Asset Bubble Concerns Ease (Update3)
Feb. 3 (Bloomberg) — Norway’s central bank kept its benchmark interest rate unchanged, after raising it twice last quarter, as higher mortgage rates eased concern of an asset bubble and allowed the bank to use policy to curb krone gains.
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Ex-Saints find woes in lives after NFL
MIAMI GARDENS, Fla. — Remember when they were the Bad News Saints?
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M’s sign Kotchman for $3.5 million, avoid arbitration
The Seattle Mariners cleared their final arbitration-eligible player off the books Wednesday, signing first baseman Casey Kotchman to a one-year contract.
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Hunger in America hits home
READING — Statistics from a recently released study on hunger show that an alarming number of Berks County residents are going hungry just so they can heat their homes or pay their bills. Others are simply trying to feed their children.
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U.S. Consumer Credit Drops 11 Months In a Row
U.S. Consumer Credit Drops 11 Months In a Row
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Businesses warned of tough times
Construction businesses were warned to brace themselves for tough times ahead despite the fledgling economic recovery. Insolvency Service statistics show the number of building firms going bust in England and Wales was falling in 2009, with 90 administrations in the final three months of the year.
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02/06 – Public Records
@BR LabelBW:BIRTHS
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Are architecture hires a sign?
A few architecture firms are starting to add employees, a sign that frosty economic conditions could be starting to thaw.
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David Prosser: Why your mortgage bill is going up
Outlook Has your mortgage bill suddenly begun creeping up? If so, you are not alone – although the Bank of England base rate has remained at the historically low level of 0.5 per cent for a year now, many mortgage lenders have begun raising their interest rates.
Read more on Independent
Anthem Blue Cross dramatically raising rates for Californians with individual health policies
Policyholders are incensed over rate hikes of as much as 39%, which they say come on top of similar increases last year. State insurance regulators say they’ll investigate. California’s largest for-profit health insurer is moving to dramatically raise rates for customers with individual policies, setting off a furor among policyholders and prompting state insurance regulators to investigate.
Read more on Los Angeles Times
CRR hike puts pressure on interest rates
The increase in the cash reserve ratio (CRR) has started taking a toll on interest rates, with Axis Bank withdrawing its teaser home loan scheme two months before schedule.
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Russia Medvedev wants lower lending rates
Russia’s President Dmitry Medvedev attends a commission on Russian economy modernization and technological development at Gazprom headquarters in Moscow, December 25, 2009.
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NZ housing market ‘spongy,’ no sign of boom: RBNZ
Feb. 8 (BusinessWire) – New Zealand’s housing market hasn’t worked itself up into another boom as initially feared, with weaker sales, less home building and lower mortgage approvals, Reserve Bank Governor Alan Bollard said.
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Borrowers might be spared big rises Mortgages
The major lenders are unlikely to lift mortgage rates by an amount greater than this week’s expected rate rise by the Reserve Bank of Australia (RBA), analysts say.
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Lenders play ‘guess your income’
New federal rules are driving lenders to estimate your income based on credit reports. But the tools they’re using aren’t precise, and mistakes might be hard to correct.
Read more on MSN Money
Phillips, Deer sentenced
JACKSON As his wife softly choked back tears three rows of seats behind him, Todd Phillips apologized for his role in a mortgage fraud scheme that operated from March 2003 through January 2006.
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Defaults May Return to Haunt Beleaguered Irish Mortgage Lenders
It’s hard to tell that Ireland’s economy is en route to recovery at the High Court in Dublin.
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Lenders Start Sign up on ‘Piggyback’ Mortgage Plan
Mortgage companies start to sign on for long-delayed piece of Obama loan help plan Presidency of Barack Obama – United States – Politics – Barack Obama – President of the United States
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Briefly: Jan. 20
Read about what’s happening in and around Plymouth.
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Year End Review — July to December
Madison County Chamber of Commerce sponsored the Fourth of July Festival for the first time. Among the events were a car show, watermelon eating contest and pie eating contest. The Fredericktown raised country music artists, Brothers Finch played also.
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This Week
The first Swannanoa Valley Rim Hike has been rescheduled for Saturday, January 30, due to ice on the mountain. This hike is at capacity. Call the Swannanoa Valley Museum with questions – 669-9566.
Read more on Black Mountain News
KMP Distributable Cash Flow up 62% versus 4Q 2008
HOUSTON—-Kinder Morgan Energy Partners, L.P. today reported fourth quarter distributable cash flow before certain items of $341.8 million, up 62 percent from $211.0 million for the same period last year.
Read more on Business Wire via Yahoo! Finance
GOP sees win as stop sign for Dems
WASHINGTON — Reeling from the loss of a long-held Massachusetts Senate seat, Democrats are rethinking the lessons of Barack Obama’s 2008 election, with the GOP cheerfully suggesting they scale back their ambitions and agenda.
Read more on FOX 25 Boston