Vulture real estate investors swoop in

July 6th, 2008

Rock-bottom home prices have finally begun to lure vulture real estate investors into the fray.
Sharon Restrepo, a broker in South Florida, where home prices have dropped nearly 27% over the past 12 months, recently bought a three-family home in Cape Coral from a very motivated seller for a mere $65,000. It listed for $195,000. […]

Filed under: finance by Finance Boss
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ECB Policy Makers Say Fighting Inflation Remains Priority

July 5th, 2008

European Central Bank policy makers said fighting inflation will remain the bank's priority even as economic growth falters.
“We have to do everything to reach our price-stability goal,'' ECB governing council member Klaus Liebscher told reporters in Vienna today. “I don't think that yesterday's increase in interest rates will hurt the economy.'' His colleague […]

Filed under: online by Finance Boss
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Pump Pros acquires Jenkins Equipment

July 1st, 2008

Pump Pros. Inc. said Monday it has acquired Jenkins Equipment Co. in Cherry Grove. Terms of the deal weren’t disclosed.
Pump Pros, headquartered in Mason, distributes pumps, mechanical seals and mixers, and re-manufactures pumps, mechanical seals, mixers and gear boxes. The company, which purchased Wagner-Smith Pumps and Systems in 2003, has locations in Reynoldsburg […]

Filed under: money by Finance Boss
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