Bank of America halts foreclosures nationwide for reviews
Bank of America paused foreclosures across the United States to review tens of thousands of cases for paperwork flaws. The move followed similar actions by PNC Financial Services Ally Financial GMAC Mortgage and JPMorgan Chase as officials press for accuracy. CEO Brian Moynihan defended the pause saying a check of work is needed. officials noted no widespread problems but will reassess. The halt affects cases where the bank is taking back homes or transferring papers to Fannie Mae or Freddie Mac, with a toll estimate in the tens of thousands. Senate leaders and analysts weighed political and economic implications as housing markets face delays and potential lawsuits.
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Washington
Bank of America
PNC Financial Services
U.S
Ally Financial
GMAC
Jpmorgan Chase
Fannie Mae
Freddie Mac
Brian Moynihan
National Press Club
Michael Robinson
Levick Strategic Communications
Notable 3S Gap Logo Swap Sparks Online Flap
Gap Inc faces heavy online criticism for stealthily swapping its decades-old white-on-navy logo. Fans are puzzled and angry while an expert calls the rollout “pretty stupid.” The chain plans a broader rollout with a white background black letters and a blue box in stores and ads next month.
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Gap
Gap Inc
Friday Market Totals Prompt Mixed Session Across Indices
Dow rose to 11,006.48 after gaining 57.90 points while Nasdaq added 18.24 to 2,401.91 and the S&P 500 advanced 7.09 to 1,165.15. Rates slipped on the 30 year to 3.75 percent. Prospects for corn 5.28, soybeans 11.35, wheat 7.59, and crude oil at 82.66 per barrel.
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Dow Industrials
S&p
Chicago
Kansas City
New York
Dow closes above 11,000 for first time since May
The Dow Jones Industrial Average finished above 11,000 for the first time in five months as investors bet the Fed will act to spur growth. The gain followed a weak jobs report and signs of easing rates, with Alcoa benefiting after raising its outlook for aluminum demand.
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Dow
New York
Federal Reserve
Fed
Jason Pride
Glenmede
Alcoa Inc
Cyclist raising money for spill victim dies in crash
Gulf Breeze Florida cyclistRoger Grooters, 66, on a cross country ride to aid Gulf oil spill victims, was struck by a passing truck near Panama City Florida just days from finishing his 3200 mile journey that began September 10 in Oceanside California Funeral services set for Monday in Gulf Breeze Pensacola Beach
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Fla
Florida
Roger Grooters
America
Oceanside
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Pensacola News Journal
Panama City
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Kathy Gaumer
MD Lawrence
Farhang Khosh
Mark Praeger
Lawrence General Surgery
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LMH Oncology
Jack Stuber
Radiologic Professional Services
LMH
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ConnectCare
Lmh.org
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