Leasing News Archives

A research firm says the number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year ago. via KOKI

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“While we are mindful of the challenging macro-economic environment, we will continue to stay the course and focus on those areas within our control including the customer's in-store experience, collections, and managing our resources wisely.”

Rent-A-Center Inc. said its first-quarter profits more than doubled from a year ago when it took a significant litigation-related charge, while sales at existing stores helped boost overall revenue. via Dallas Business Journal

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This is a cross-post from the Firedoglake blog . Here's an idea. Instead of retiring when we turn 65, let's go to work scrubbing tables at the nearest fast-food outlet. via AFLCIO.org

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Sage Credit Company www.sagecreditcompany.com feels optimistic that the recent increases in the conforming rate limits will help California home owners. via Earth Times

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“It would probably have more value to an identity theft ring than a mortgage company”

LendingTree, the popular online lending exchange, is contacting customers nationally about a security breach involving loan request forms submitted on the Web from late 2006 through early this year. via AARP The Magazine

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“Now companies must work harder than ever to stand out from the competition”

Where 2 Get It, Inc., a provider of location-based search technologies, has been honored by AeA as a finalist for Outstanding Private Company in the 15th Annual Orange County High-Tech Innovation Awards. via Directions Magazine

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“We believe Aaron's profitability will improve as the year progresses due to slower corporate-store openings and continued consolidation of underperforming stores.”

Shares of Aaron Rents Inc. rose Wednesday, after the company reported first-quarter results above analyst expectations, as a plan to scale back store expansion amid a difficult environment appeared to pay off. via Canadian Business Magazine

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“What happened to Senator Bruno was inappropriate.”

Gov. David A. Paterson 's nominee to take over the beleaguered State Police, Harry J. Corbitt, was confirmed by the Senate on Wednesday after promising this week to repair the agency's reputation and to conduct ... via New York Times

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“This might set the trend where other states begin to examine the statutes that allow home schooling in their states.”

Parents of an estimated 166,000 children in California are eagerly awaiting a state appellate court ruling on whether they have a constitutional right to home-school their children without a teaching ... via Carlsbad Current-Argus

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The $330 billion auction-rate securities market will ``cease to exist'' after it collapsed in February when Wall Street firms stopped using their own capital to buy unwanted bonds, Citigroup Inc. via Bloomberg Business News

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Linguamatics Ltd, a leader in natural language processing for the life science market, today announced that Pfizer has extended its strategic collaboration with Linguamatics to use the I2E knowledge discovery ... via Earth Times

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Real Goods Solar , the Broomfield, Colorado-based solar installer and a subsidiary of Gaiam , a green lifestyle company, expects to sell 5 million shares at $10 - 12 when it files for an IPO on the NASDAQ under ... via The Industry Standard

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“Empire was better than expected and PPI shows headline inflation isn't passing through to core prices. J&J had a good number”

Stocks rose on Tuesday after data showed a gain in New York state manufacturing and companies, including several banks, posted profits above analysts' estimates, lifting sentiment after a week of big earnings ... via WTNZ-TV Knoxville

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China GrenTech Corporation Limited , a leading China-based radio frequency technology and product developer and a leading wireless coverage products and services provider, today announced its financial results ... via Customer Interaction Solutions

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“We are well-known in the industry, so we hear about almost every investment opportunity out there”

When Dan Christensen looks out at a tract of forest, the corporate executive in him sees a great, low-risk financial investment with the capacity for steady, solid returns. via Globeinvestor.com

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“The news out of Wachovia would suggest the environment has probably deteriorated faster in recent weeks, to a greater extent than people may have anticipated”

From correspondents in New York, United States, 07:30 AM IST Stocks were pushed down by financial shares on Wall Street Monday after Wachovia Corp reported unexpected losses and said it was seeking a $7-billion ... via India eNews

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WATERBURY, Conn., April 17 /PRNewswire/ -- Webster Bank, National Association, a subsidiary of Webster Financial Corporation , announced today the appointment of John R. Ciulla to the position of executive vice ... via Earth Times

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“We are taking the necessary steps to make Citi more efficient while fostering a culture of accountability and teamwork”

The Associated Press Friday, April 18, 2008 Citigroup Inc. said Friday it lost $5.1 billion during the first quarter as poor bets on mortgages and leveraged loans lopped billions of dollars from its investment ... via WQXI-AM Atlanta

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“People are going to buy footwear in good times and bad simply because it wears out”

Wolverine World Wide Inc. reported record sales and profits for the first quarter and increased its profit forecast for 2008. via Detroit Free Press

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“If we can combine the tumor killing effect of chemotherapy with an enhanced effect from tumor specific immunotherapy, we may be entering a new era for GBM treatment.”

Main Category: Immune System / Vaccines Also Included In: Cancer / Oncology Article Date: 17 Apr 2008 Celldex Therapeutics announced that new data from the Phase 2 ACT II study in glioblastoma multiforme ... via MediLexicon

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“We are witnessing the maturation of the information economy and content from Thomson Reuters will be its currency”

New York : Financial data provider Thomson Corp on Thursday announced the completion of a 17.2 billion dollar deal to acquire Reuters Group Plc, creating one of the world's largest news and data services ... via The Hindu

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“But I think we are going to make a lot of progress this year.”

EBay Inc posted a 22 percent rise in quarterly net profit, topping Wall Street's average estimate, as pricing changes increased online auction listings and pushed revenue above all forecasts. via MSN Money

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“This is by far the largest potash price increase for China and exceeds our most recent forecast of a $300 increase”

Desperate for fertilizer to increase crop yields amid a looming global food crisis, China agreed to pay more than three times as much for potash as it did last year, launching Potash Corp. via The Globe and Mail

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High fuel costs offset an increase in revenue and pushed the parent of American Airlines, the nation's biggest carrier, to a $328 million loss in the first quarter. via Seattle Post-Intelligencer

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“However, we are prepared to manage through this down part of the economic cycle, given the strength of our liquidity, credit reserves, capital and operating margins, and to successfully position our company well for the future.”

JPMorgan Chase & Co.'s profit fell 50 percent in the first quarter after the bank took a provision of $5.1 billion to strengthen its reserves by $2.5 billion and account for $2.6 billion in losses in its loan ... via NewsChannel 8

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“There is more confidence in the market and people are perceiving that there is a little more value”

Asian stocks scored solid gains on Wednesday, with high-tech exporters buoyed by a reassuring outlook from industry leader Intel Corp and energy shares underpinned by record high oil prices. via WTNZ-TV Knoxville

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“Sentiment has been pretty negative, but it has improved a bit today as you had a few decent earnings reports this morning”

Stocks gained on Tuesday as record oil prices lifted energy shares and stronger-than-expected quarterly results at several U.S. regional banks boosted shares of financial companies. via WTNZ-TV Knoxville

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A combination of the targeted agent difluoromethylornithine at a low dose and sulindac, a non-steroidal anti-inflammatory drug , reduces the risk of recurrent colorectal adenomas, an early sign of colon cancer, ... via Newswise

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“CIC was born as a product of infighting within the government”

The mainland had accumulated a stake of just less than 1 per cent in British oil major BP, the Daily Telegraph reported on Tuesday, raising fresh questions about the central government's strategy for investing ... via South China Morning Post

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“Gator Leasing has been a strong transportation service provider and respected competitor in Florida and we are pleased to have them become a part of Ryder”

Ryder System said it has agreed to buy Gator Leasing , a full-service truck leasing, commercial truck rental and fleet services company for an undisclosed price. via Commercial Real Estate

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Delta Air Lines Inc. and Northwest Airlines Corp., squeezed by record high fuel prices and a slowing economy, are combining in a stock-swap deal that would create the world's biggest carrier. The boards of both companies gave the deal the go-ahead Monday.

Delta said the combined airline, which will be called Delta, will have an enterprise value of $17.7 billion. It will be based in Atlanta, and Delta CEO Richard Anderson will head the combined company.

Under the terms of the transaction, Northwest shareholders will receive 1.25 Delta shares for each Northwest share they own. The exchange ratio represents a premium to Northwest shareholders of 16.8 percent based on Monday's closing stock prices. Read more

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Wachovia Corp. , the fourth-largest U.S. bank, reported an unexpected loss because of bad California home loans and disclosed plans to bolster capital by selling $7 billion of stock and cutting the dividend. via Bloomberg

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A public ceremony will be held on April 14 at 10 a.m. to dedicate the Andrew Young Tribute at Walton Spring Park. via What's Up Daybook

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Tokyo stocks fall in low volume trading http://www.shanghaidaily.com/article/?id=355837&type=Business Tokyo stocks fall in low volume trading JAPANESE stocks stumbled today as US conglomerate General Electric's ... via Shanghai Daily

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Delta Air Lines and Northwest Airlines aim to finalize a merger agreement within days to create the world's largest airline, a source familiar with the situation said on Sunday. via Globeinvestor.com

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Citigroup Inc . is in talks to sell $12 billion of leveraged loans to Apollo Management LP, Blackstone Group LP and TPG Inc., the Financial Times said, citing unidentified people familiar with the matter. via Bloomberg

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“We certainly have plenty of investment demand that can absorb [IMF's gold] in the market. Also, of course, it's not clear that there will be any sales anyway as it requires U.S. congressional approval”

The International Monetary Fund said losses stemming from the U.S. mortgage crisis may approach $1 trillion, citing a "collective failure" to predict the breadth of the crisis. via Turkish Daily News

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“Typically, with GE you get one or two businesses that outperform and one or two that underperform”

General Electric Co. CEO Jeff Immelt was expected to tell the world Friday how the conglomerate's global strategy had paid off and allowed it to ride out the credit crisis. via Peninsula Clarion

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Bear Stearns & Co.'s assets under management have shrunk 20 percent since the end of November, and stock and fixed income trading has plummeted to 'well less' than half of activity levels in 2007 and the first quarter of this year, the company said in documents filed with the Securities and Exchange Commission late Friday.

The investment bank, which is being taken over by JPMorgan Chase & Co., with backing from the Federal Reserve, nearly collapsed last month after bad bets in the mortgage market dried up its access to capital and severely deteriorated its ability to generate earnings. With rumors leaking through the market that the bank was in danger of running out of money, investors did not want to trade with Bear Stearns or lend the company money. Read more

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“For these monoline insurance cases, the ratings are so vital”

The prospects for the existing bond insurers took another hit Friday, with one knocked below triple-A, another handed an ultimatum, and all of them confronted by the prospect of more competition. via On Wall Street

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Northgate Minerals Corporation is pleased to report that a new three-year collective agreement has been ratified by the International Union of Operating Engineers Local 115, representing the 300 production and ... via Earth Times

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“The industrial earnings were up substantially, really led by infrastructure, which remains strong across the board, but the financial services environment was very difficult and became even more difficult late in the quarter”

General Electric Co. reported a smaller-than-expected first-quarter profit on Friday and lowered its outlook for the full year, as a slowing U.S. economy sapped its financial services business. via KFMB-TV San Diego

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“Following the close of the transaction, the combination of FilesX' strong data protection and recovery software with IBM's existing storage management products will enable customers to better safeguard their most critical information”

Apr 10, 2008 -- IBM today announced it has signed a definitive agreement to acquire FilesX, a privately held storage software company based in Newton, Mass., and Haifa, Israel, that specializes in continuous ... via MCADCafe

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A spokesman for the Irish Blood Transfusion Service said it aimed to deal with all complaints within six weeks but this case was proving "complex" because of the need to first establish whether the individual's ...