MGM MIRAGE announced that its Board of Directors has elected James J. Murren as the Company’s Chairman and Chief Executive Officer, effective December 1, 2008. J. Terrence Lanni will continue as a member of the Board and will join the Diversity Committee.
“I am honored to have been chosen to lead this remarkable company,” said [...]
BeaconEquity.com announces the availability of Trade Alerts on stocks making news today.
Investors can view all of the daily trading notes for free by visiting: http://www.BeaconEquity.com/m
Today’s Trade Alerts include: MGM Mirage Wynn Resorts Ltd. (Nasdaq: WYNN - News), Janus Capital Group Inc. (NYSE: JNS - News), ValueClick Inc. (Nasdaq: VCLK - News), Texas Instruments Inc. [...]
BeaconEquity.com announces the availability of Trade Alerts on stocks making.
Investors can view all of the daily trading notes for free by visiting: http://www.BeaconEquity.com/m
Trade Alerts include: Corn Products International Inc. Choice Hotels International Inc. (NYSE: CHH - News), Pulte Homes Inc. (NYSE: PHM - News), Biogen Idec Inc. (Nasdaq: BIIB - News), Avon Products Inc. [...]
While fear and panic have gripped Wall Street and Main Street alike the past few weeks, others have prospered.
For example, on January 22, 2008, after the Dow Jones Industrial Average had tumbled from its high above 14,000 in October 2007 to below 12,000, Bill Bolden, a handy man, came to Natalie Pace to find out [...]
Fannie Mae is making bold cutbacks that will send shock waves through the mortgage market, after posting a quarterly loss Friday that was three times larger than Wall Street expected.
To slow its financial decline, the mortgage finance giant slashed its dividend to 5 cents a share from 35 cents a share and said it will [...]
Host Hotels & Resorts Inc cut its full-year outlook and offered third-quarter guidance below Wall Street expectations. The company now forecasts funds from operations between 27 cents to 29 cents per share for the third quarter and $1.75 to $1.85 per share for the full year.
Analysts polled by Thomson Financial, on average, expect FFO [...]
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to stabilize [...]
A measurement of pending home sales fell to the third-lowest reading on record in May as the housing market’s recovery continued to prove elusive.
The National Association of Realtors’ seasonally adjusted index of pending sales for existing homes fell 4.7 percent to 84.7 from an upwardly revised April reading of 88.9. The index was 14 percent [...]
The national and the local apartment vacancy rates, far apart in recent years, are much closer now.
Reis, Inc. (AMEX: WRP) a New York-based research firm, said the nation’s average apartment vacancy was 5.8 percent as of the end of the second quarter, down from 6 percent during the first three months of 2007 –reportedly the [...]
The U.S. Department of Housing and Urban Development has sued two real-estate brokerages, accusing them of receiving kickbacks for steering home sellers to a provider of hazard reports.
The suit, filed on Wednesday in the central district of California, seeks to recover “illegitimate profits” generated by “sham” joint ventures formerly operated by Realogy Corp., Prudential California [...]
Manhattan’s condo market is showing signs of reversing its cooling trend, and the capital markets are taking heed. Palisades Financial disclosed yesterday that it has acquired a $93 million B note for the first mortgage of a condominium conversion project in Manhattan’s Chelsea/Flatiron district.
“The market’s going wild,†Palisades principal Billy Procida told CPN this afternoon. [...]
American International Group Inc. reports fourth-quarter earnings after the market closes Thursday. Following is a summary of key developments and analyst commentary related to the period.
OVERVIEW: With a market value of $170.7 billion, AIG is too big to attach much importance to any one factor in the fourth quarter. The world’s biggest insurer, AIG is [...]
