September 6th, 2008
More than 100 Pittsburgh-area civic leaders will convene Sept. 8 in a coordinated effort to step up efforts to combat home foreclosures.
The Pennsylvania Housing Finance Agency and Federal Home Loan Bank of Pittsburgh are co-sponsoring an hour-long summit where detailed action kits will be presented to participants to help them understand which families may be […]
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July 30th, 2008
Frost Investment Advisors has selected SEI to provide full-service fund operations outsourcing for its $1.7 billion mutual fund.
SEI’s series trust service, known as the Advisors’ Inner Circle, allows investment managers like Frost to reduce time to market and quickly gain scale and efficiencies by leveraging SEI’s infrastructure.
As part of the process, SEI will provide fund […]
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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. […]
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June 27th, 2008
Japan's household spending slumped in May, the ratio of jobs available fell to a three-year low and the inflation rate almost doubled, signaling that the economy's longest postwar expansion may be over.
Household spending declined 3.2 percent, the most since September 2006, the statistics bureau said today. Core consumer prices, which exclude fruit, fish […]
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June 26th, 2008
Apollo Group Inc. has lost three top executives to Grand Canyon University, a private Christian college in the process of going public.
Brian Mueller, president and director of Phoenix-based Apollo Group, submitted his resignation June 24, and is heading to Grand Canyon as CEO. Going with him to the Phoenix-based college is Stan Meyer, […]
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June 22nd, 2008
California and Florida endured the biggest job losses in May, reflecting the slump in housing and slowdown in consumer spending.
The payroll count in California dropped by 10,900 last month, led by a 9,600 decline in construction jobs, the Labor Department reported today in Washington. Employers in Florida cut 6,000 workers, with payrolls in […]
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May 26th, 2008
The Bank of Japan's chief economist said the global slowdown and inflation are “big concerns'' that present dual risks for the world's second-largest economy.
“It's like a tiger is waiting at the front of the gate and a wolf is at the back,'' Kazuo Momma, the central bank's head of research and statistics, said […]
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May 7th, 2008
The emotional side of Atlanta’s budget crisis was on display Tuesday night, as dozens of former city employees whose jobs have been eliminated since last week complained during a public hearing.
"What do I do now?"35-year city employee Eugene Wallace asked members of the city council. "I lose my house and everything else… […]
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April 14th, 2008
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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March 1st, 2008
Houston Texans founder Bob McNair is set to make another multimillion-dollar gift to the University of South Carolina, his former alma mater.
The university said Friday that McNair will boost funding for a scholarship program that bears his name to $30 million. In 1998, McNair and his wife, Janice, gave $20 million to establish […]
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