For those looking for signs of a bottom in the housing market, today's NAR Metropolitan home sales report for Q2 offers little hope.Overall, single-family home sales in the U.S. fell -7.6% in Q2. The strongest region was the Midwest (-0.9%) while the weakest region was the West (-17.4%). Here are some of the top and bottom performers:Top 5+8.9%: Yakima, WA+7.1%: Charleston, WV+6.0%: Des Moines,...
Results 1 - 10 of 704 for "CITI"
WASHINGTON (AP) -- Median home prices fell in more than three-quarters of U.S. cities in the second quarter, the latest sign of the breadth of the housing market decline, according to new data Thursday....
Lavonne Kuykendall reports: As banks step forward to help customers whose savings are trapped in illiquid debt securities, bond insurers that provided payment guarantees on the bonds could see some upside. Depending on how banks manage the buyouts, “you could see some upside and some temporary and maybe permanent relief,” that could benefit insurers as well as the banks, said Timoth...
Citi shores up the housing sector.
From Reuters:"The commodity half of oil tycoon T. Boone Pickens's BP Capital hedge fund lost 35 percent of its value in July, the New York Post said, citing sources."
Citigroup issued $3 billion of a new 5-year senior bond issue on Tuesday. This was Citi's first offering since May, and the first billion dollar sized new issue from a major financial since Berkshire Hathaway came with a 5-year deal on July 30.Access to the bond market is critical for all large financial institutions. Citigroup's issue proved that access is very expensive. The new issue was sol...
Filed under: Analyst reports, Consumer experience, Apple Inc (AAPL), Sirius Satellite Radio (SIRI), iPhoneBloomberg reports that CEO Karmazin said Sirius XM Radio Inc. (NASDAQ: SIRI) will eliminate executive positions to cut costs. No doubt, after the only two U.S. satellite radio companies merged, there are some redundancies. He also said the company could report $300 million in earnings next ...
Geoffrey Rogow reports: <img src="http://s.wsj.net/public/resources/images/it_dollar09142004171604.gif" alt="currencies" / align="right"/> Even if the dollar continues to rise, it may not be time to press the sell button on Boeing Co. and McDonald’s Corp. just yet. Buoyed by a comparatively robust global economy, investors had spent months propping up shares of many U.S. multination...
Deere Misses Estimates; Genentech Rejects Roche Bid; Crude Rises on Inventory Report; China Fire & Security an Earnings Inferno; Joining Forces to Battle Insider Trading; Best Buy’s Coup; Merrill Slashes Wall St. Ratings; Ford’s European Makeover -Deere & Co. (DE), the world’s largest maker of farm equipment, dropped the most in 20 years after reporting earnings that missed analyst es...
There’s more bad news for those of you who are worrying about the United States’ global geo-strategic position. According to a recent report, starting next year, Chinese manufacturing output will exceed that of the United States. In concrete figures, of the world’s $11.8 trillion of manufacturing value added output expected to be produced in 2009, China will account for 17%, while the United St...