Firm explores luring foreign investors for downtown projects

June 13th, 2011

Firm explores luring foreign investors for downtown projects
The firm searching  for cash  for downtown Amarillo redevelopment might look beyond U.S. borders under a federal program that’s a conduit to permanent residency for foreign investors. Wallace Bajjali Development Partners is exploring the federal EB-5 investor visa program to gauge its potential to infuse private funds into a convention center hotel and other downtown projects, said CEO David …

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Sylva man charged with killing bear near his home

June 13th, 2011

Sylva man charged with killing bear near his home
SYLVA, N.C. (AP) — Wildlife officers have charged a Jackson County man with killing a bear in a tree near his property. The Asheville Citizen-Times reported Thursday that John Caplinger of Sylva was charged with taking a bear during a closed hunting season after he shot the bear Sunday.

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Do you believe another financial crisis is around the corner?

June 11th, 2011

Do you believe another financial crisis is around the corner?
FROM CNN’s Jack Cafferty: Housing prices falling back to their lowest level since 2002, before the Great Recession began, back-to-back discouraging jobs reports, a slowdown in consumer spending. Take your pick: There’s not a lot of rosy news on the economy this week. So much for that whole recovery thing. Traders work on the floor [...]

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Toys“R”Us, Inc. Reports Financial Results for First Quarter 2011

June 11th, 2011

Toys“R”Us, Inc. Reports Financial Results for First Quarter 2011
Toys“R”Us, Inc. today reported financial results for the first quarter ended April 30, 2011.

Read more on Business Wire via Yahoo! Finance

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Zombie Spending on Things Already Consumed

June 9th, 2011

Zombie Spending on Things Already Consumed
Yesterday, stocks continued to slide. The 10-year note yield fell to exactly 3%. Oil traded at $99. And gold rose another $4. Has the post-crisis bounce finally exhausted itself? It’s beginning to look like it.

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Ocwen Acquires Litton

June 8th, 2011

Ocwen Acquires Litton
Ocwen stated that it has reached an agreement with Goldman to buy Litton Loan Servicing for $263.7 million.

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The Last Housing Mistake You’ll Ever Make

June 7th, 2011

The Last Housing Mistake You’ll Ever Make
Adjustable-rate mortgages are cheap again, but beware.

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Do We Need Fannie and Freddie?

June 6th, 2011

Do We Need Fannie and Freddie?
Fannie Mae and Freddie Mac back more than 90 percent of home loans today, but do we need them to?

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Select Medical Corporation Completes Refinancing of Senior Secured Credit Facilities and Closing on Previously …

June 5th, 2011

Select Medical Corporation Completes Refinancing of Senior Secured Credit Facilities and Closing on Previously …
Select Medical Holdings Corporation , today announced that Select Medical Corporation has entered into new $1.15 billion senior secured credit facilities comprised of an $850 million, seven-year term loan and a $300 million, five-year revolving credit facility. Â Borrowings under the senior secured credit facilities will be used to refinance all of Select’s outstanding indebtedness under its …

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Buy a Home Without Cash From Parents

June 4th, 2011

Buy a Home Without Cash From Parents
If the Bank of Mom & Dad can’t help pay for your first home, check out these options.

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Bankrupt Ex-Owner of Dan’s Papers in Hamptons Gets Court Approval for Plan

June 2nd, 2011

Bankrupt Ex-Owner of Dan’s Papers in Hamptons Gets Court Approval for Plan
Brown Publishing Co., the bankrupt former owner of Dan’s Papers in the Hamptons, Wall Street’s summer retreat, had its liquidation plan approved in federal court.

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Officials shoot bear roaming at Greensboro airport

June 2nd, 2011

Officials shoot bear roaming at Greensboro airport
GREENSBORO, N.C. (AP) — Wildlife officials have shot and killed a bear seen roaming around the airport in Greensboro. U.S. Department of Agriculture Wildlife Services spokeswoman Carol Bannerman says the bear was shot and killed at 7:30 a.m. Tuesday.

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Eastwest’s credit card, auto loans surge

May 31st, 2011

Eastwest’s credit card, auto loans surge
Credit card and auto loans receivables in the first four months of East West Banking Corp. (Eastwest) had surpassed the bank’s full-year 2010 total.

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First Nickel Reports Financial and Operating Results for the Period Ended March 31, 2011

May 31st, 2011

First Nickel Reports Financial and Operating Results for the Period Ended March 31, 2011
TORONTO, ONTARIO– – First Nickel Inc. announces that it has filed with the Canadian securities regulatory authorities its condensed unaudited financial statements, and management’s discussion and analysis for the three month period ended March 31, 2011.

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Deep in debt

May 29th, 2011

Deep in debt
Are we walking into a nightmare? If that sounds like a gloomy question, it’s not meant to. Hopefully there is still time to extricate ourselves from what is bound to become an unholy mess.

Read more on InsideHousing

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