Financial blog
March 17, 2008
The rocky ride for the U.S. stock market is likely to intensify this week with the survival of one of the biggest investment banks in doubt and regulators rapidly burning through options to limit more damage to the financial system.
All eyes will again be on Bear Stearns come Monday for any further word about […]
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February 17, 2008
Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) has decided to exclusively sell high-definition DVDs in the Blu-Ray format, dealing what could be a crippling blow to the rival HD DVD technology backed by Toshiba Corp (6502.T: Quote, Profile, Research).
The move by the world’s largest retailer, announced on Friday, caps a disappointing week for […]
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January 9, 2008
Pacific Northwest
Shares in Sound Financial, the newly organized holding company for Seattle’s Sound Community Bank, will start being quoted on the OTC Bulletin Board today, a day after the company completed a $12.97 million initial stock offering.
The nearly 1.3 million shares sold represent a 44 percent ownership stake in Sound Financial. One percent, or 29,480 […]
December 28, 2007
Kathy Chaney Watching a baseball game unfold is what it’s been like for a West Side woman who stood by her father as he fought in court to stay inside the home he’s owned for nearly 46 years. Hyweda (cq) Howard and her older sister Thelma Tolbert were in probate court yesterday at the Daley […]
December 25, 2007
The number of reported mortgage fraud cases has climbed so quickly that U.S. federal investigators and prosecutors say they can’t keep pace.
Since 2005, reports of suspected mortgage fraud doubled. So far this year, banks filed 47,717 reports, compared with 21,994 two years ago, The New York Times reported Tuesday, citing statistics from the FBI […]