Reuters - Finance company GMAC LLC lost $2.52 billion in the third quarter, hurt by slumps in the housing and auto markets, and said its Residential Capital LLC mortgage unit may fail.
Filed under: Moving Service |
AP - Democratic vice presidential candidate Joe Biden cast a vote in Delaware and then raced to Virginia to encourage supporters in the Southern swing state.
Filed under: Moving Service |
The downturn in the hotel market is making the acquisition of Hilton Hotels look like a big burden for Blackstone.
Filed under: Moving Service |
Developers Diversified Realty’s offer to finance part of a property sale is the latest example of seller financing, which is now playing a role in more large deals.
Filed under: Moving Service |
The Los Angeles property market is looking more earthbound, as the global financial crisis is beginning to play itself out in the region’s real estate.
Filed under: Moving Service |
In the midst of bad news about the global property market, could British real-estate companies be emerging as stocks to buy?
Filed under: Moving Service |
Reuters - California Gov. Arnold Schwarzenegger will ask lawmakers to back legislation imposing 90-day stays on home foreclosures as part of an economic stimulus package, state officials said on Wednesday.
Filed under: Moving Service |
AP - Democratic vice presidential candidate Joe Biden made a last-minute pitch for swing-state Missouri on Monday, vowing that he and Barack Obama would “re-establish the middle class” by focusing on job creation and helping homeowners facing foreclosure.
Filed under: Moving Service |
AP - Building materials maker James Hardie NV is suspending production at two plants in the United States because of the collapse of the country’s housing market.
Filed under: Moving Service |
AP - French bank Societe Generale said Monday that net profit fell 84 percent in the third quarter after banking collapses and plunging assets tied to the U.S. housing market contributed to 1.2 billion euros ($1.54 billion) of write-downs and other losses.
Filed under: Moving Service |
