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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 23, 2010
Page
10
The National Association of Realtors reports May sales at a 5.66 million annual rate, with about one third from distressed properties. Tax credits boosted activity but expire soon, raising concerns about July and beyond as foot traffic falls and prices may slide.
Shares of oil companies and drillers tied to the Gulf spill dropped as U S District Judge Feldman blocked a six month moratorium on new deepwater drilling. The ruling prompts anticipated new rules when activity resumes and an Obama administration appeal. Corporate names and exact dates are not specified in the readable text.
Congress negotiators moving to shield auto dealers from direct oversight by the Consumer Financial Protection Bureau. The compromise keeps dealers under federal truth in lending rules while FTC gains rulemaking authority with faster procedures, and the Fed may adopt related rules.
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