Escrow firm collapse triggers nationwide inquiries
Chicago based American Escrow LLC failed abruptly last month leaving homeowners unsure of missing funds. State attorneys general in Pennsylvania Ohio and Illinois seek to determine how escrow money was handled and whether customers face delinquencies on taxes or insurance. Victims span Indiana Maryland Michigan New York Nebraska Florida New Hampshire Colorado Minnesota with as many as 200 in Pennsylvania potentially delinquent. Authorities review how customers were recruited and whether lenders steered homeowners to the firm. Mortgage banks warn delinquencies may threaten loan agreements.
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Sngagu Impune
Chicago
American Escrow LLC
Ing
Nils Frederiksen
Pennsylvania
Atty
Tom Corbett
Ohio
The
Chicago Tribune
Indiana
Maryland
Michigan
New York
Nebraska
Florida
New Hampshire
Colorado
Minnesota
Tom van Oost
Lake County
Illinois Attorney General’s Office
American Escrow
Lawrence Levin
Derek Lurie
the Tribune
Jackie Sciortino
Wing
Dale
N.Y
Jonathan Kamin
Pittsburgh
Weak economy trims eBay profit in first quarter
EBay posted 357.1 million dollars in first quarter earnings, 28 cents per share, down 22 percent from a year ago, with revenue at 2.02 billion. Excluding items, 39 cents per share beat expectations. marketplaces revenue fell 18 percent to 1.22 billion, while PayPal payments rose about 11 percent to 643 million.
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Weyerh Cargill
Springville
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Dow Jones
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eBay
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United States
New York eyes offshore wind in Great Lakes
The New York Power Authority seeks developers to study offshore wind in Lake Erie or Lake Ontario with a target of at least 120 megawatts within five years. Turbines would sit 1 mile offshore in 60 to 180 feet of water at a cost of 700 million to 1 billion dollars.
MENTIONED IN THIS ARTICLE
New York
Great Lakes
Buffalo
N.Y
New York State
New York Power Authority
Lake Erie
Lake Ontario
NYPA
Richard Kessel
Canada
Toronto
Terry Yonker
United States
Barack Obama
U.S
Interior Department
David Paterson
The
Audubon Society
Citizens Campaign For the Environment
Buffalo Niagara Riverkeeper
Kessel
Yonker
Coast IRB to close as trials transfer to another firm
Coast IRB, a Colorado Springs based medical review company, will halt about 300 clinical trials and move oversight to another firm after congressional investigators exposed a bogus trial proposal. FDA inspectors visited the firm this week as losses mount and customers pull studies.
MENTIONED IN THIS ARTICLE
Washington
Colorado
Coast Irb
FDA
Colorado Springs
Dueber
GM to idle many plants this summer
General Motors plans to close most U. S. factories for up to nine weeks this summer due to weak sales and high inventories. The shutdowns will include a standard two week midsummer break to switch model years, with timing to be announced to workers.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
U.S
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