MNC weighs selling subsidiaries to raise cash
MNC Financial Inc, Maryland's largest bank holding company, considers selling profitable subsidiaries to meet heavy cash needs. The Washington Post reports rising short term obligations and a $74.7 million second quarter loss from commercial real estate loans, with Moody's recent downgrade complicating new financing.
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Loyola youth camp teaches money skills over crafts
Twelve year olds at Loyola College join the Money Management Camp for Young People to learn earning saving and spending wisely while a Dow Jones drop tests their focus. Participants from Baltimore Washington area and Philadelphia study ethics entrepreneurship and credit cards with Sheetz market plans and a grand opening noted.
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Megan Leef
Loyola College
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Jeffrey Barzyk
Loyola Blakefield High School
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Therese Steen
Sellinger School of Business and Management
Loyola
Ms. Steen
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Doug Barber
Future Business Leaders of America
Jim Stone
University of Minnesota
Stone
Home sales rebound as mortgage rates ease in June
Existing home sales rose 1.2 percent to a seasonally adjusted annual rate of 3.34 million, led by a 9.1 percent jump in the Midwest and gains in the West while the Northeast remained weak. The median price climbed to 97,500 as buyers scout inventory amid rate trends.
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National Association of Realtors
Norman D. Flynn
Realtors Group
Midwest
West
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