Finance news

U.S. foreclosure filings more than doubled in the first quarter as payments rose for subprime adjustable mortgages and falling home prices left property owners unable to sell or refinance without losing money.
Almost 650,000 properties were in some stage of foreclosure during the quarter, or 1 in every 194 U.S. households, Irvine, California-based RealtyTrac […]

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The Bank of Japan will probably keep interest rates on hold this week as policy makers weigh the likelihood of slower growth against faster inflation.
Governor Masaaki Shirakawa and his six colleagues will leave the overnight lending rate at 0.5 percent at the meeting on April 30, according to all 39 economists surveyed by […]

Filed under: economics by Finance Boss
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A Financial Industry Regulatory Authority hearing panel on Friday dismissed a November 2004 complaint against H&R Block Financial Advisors alleging sales and supervisory violations related to sales of Enron Corp. bonds in the month before Enron filed bankruptcy on Dec. 2, 2001.
In a release Friday, Washington-based FINRA said that the panel ruled […]

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The sale of Aloha Airlines' contract services division was approved Thursday by a federal bankruptcy judge in Oakland, Calif.
Pacific Air Cargo, with offices in Honolulu and Los Angeles, successfully bid for the division, which handles ticketing, baggage, ground operations and other services at Hawaii airports.
The sale price was $2.05 million.
[…]

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The University of Texas Health Science Center at San Antonio will receive $172,000 from the Baptist Health Foundation for 46 scholarships to health students.
The Baptist Health Foundation, created in 2005 following the sale of Baptist Health System to Nashville-based Vanguard Health Systems, is increasing its scholarship amount to Health Science Center students. […]

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President George W. Bush said that a free trade agreement with Colombia is “dead'' unless House Speaker Nancy Pelosi revives it by allowing a vote on the measure.
Pelosi, a California Democrat, made a bad decision by delaying action on the accord last week, Republican Bush said in his weekly radio address. The Democratic-controlled […]

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California-based Ryland Homes, previously one of Greater Cincinnati’s largest home builders, will abandon its Mason operation by 2009, the builder said Friday.
Ryland has focused its construction efforts on northern Cincinnati communities like Liberty Township and Hamilton. The company said it built 183 homes in Cincinnati in 2007 and about 3,000 since entering […]

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Crescent Financial Corp. said earnings dropped 32 percent in the first quarter as it got hit by bad loans and a decline in net interest margin.
Crescent Financial (Nasdaq: CRFN), parent of Cary’s Crescent State Bank, said net income was $1 million in the quarter, or 10 cents per diluted share. A year earlier, […]

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The much-anticipated $17.7 billion Delta Air Lines Inc. merger with Northwest Airlines is done, making Atlanta global headquarters to the world's largest airline.
The airlines announced jointly at 8 p.m. Eastern Time on April 14 a merger that will keep the headquarters of the new Delta (NYSE: DAL) in Atlanta, will cause no […]

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China will stick with a “tight'' monetary policy as the nation faces increasing pressures of inflation and over-investment amid global market turmoil, said central bank chief Zhou Xiaochuan.
China needs to correctly handle the “pace, focus and magnitude of macro-economic controls to avoid large fluctuations and maintain stable and relatively fast economic growth,'' Zhou, […]

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