Best year on record for home sales in 2002
The National Association of Realtors reports November existing home sales at a seasonally adjusted rate of 5.56 million, down 3.5 percent from October but still earning 5.9 percent above November 2001. Economists expect 2002 to surpass 2001’s record, aided by mortgage rates near multi-decade lows and strong price gains.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Richard Seidel
Albus Nesprasch Corp
David Lereah
Econo
Tian
Wall Street
Freddie Mac
Midwest
South
Northeast
West
Piper Jaffray settles overinflated stock ratings probe
Minneapolis AP reports US Bancorp Piper Jaffray agreed to pay over 32 million and reform practices to resolve regulators' claims of misleading investors by inflating stock ratings. It is the 11th large firm to settle. ten others agreed to 1.44 billion total.
MENTIONED IN THIS ARTICLE
Minneapolis
US Bancorp
Piper Jaffray
Malandro Records founder keeps Brazilian jazz alive in Cincinnati
Rick War’s Malandro Records, run from a Cincinnati suburb with his brother Mike, promotes Brazilian jazz through records, tours, and mail orders. The label, balancing small-scale passion with industry challenges, has released Rhythm & Romance and built a roster including Trio Da Paz and Terra Brasil.
MENTIONED IN THIS ARTICLE
Cincinnati
Rick Wart
Ohio River
Warm
Malandro Records
Mike Warm
Paulinho Nogueira
Ulisses Rocha
Duduka da Forseca
Tutty Moreno
Trio da Paz
Terra Brasil
Malandiro Records
Malandro
Antonio Carlos Jobim
Stan Ger
Vienna
Japan
World Bon
World Bop
Brazil
Rhythm & Romance
Rick Adler
Maria Alvim
United States
Partido Out
Courtney Proffitt
Association For Independent Music
Proffitt
ALL
Rick Warm
Penney and rivals report mixed December sales outlook
J C Penney Co indicates December same store sales will exceed expectations in its stores but catalog and Eckerd drug units lag, while Federated Departments Stores now forecasts December same store sales down 2.5 to 4.5 percent and Wal Mart sees only a modest holiday gain with Sam's Club likely underperforming.
MENTIONED IN THIS ARTICLE
J.C. Penney Co
Federated Department Stores
Macy’s
Bloomingdale’s
Wal-Mart
Penney
Eckerd Drug Stores
Federated
Quicken Settles FTC Case Over Online Loan Preapproval Emails
Quicken Loans Inc settled government charges it failed to clearly inform thousands of online mortgage applicants that they were denied preapproval due to bad credit reports. Applicants received emails claiming preapproval or directing follow ups, while some nonapproved cases led to further contact. The lender halted the process in March 2001 and agreed to change procedures without fines.
MENTIONED IN THIS ARTICLE
Washington
Quicken Loans Inc
Quicken
Livonia
Mich
Quicken Loan
Federal Trade Commission
Elizabeth Jones
Wall Street ends mixed as traders stay cautious
Wall Street closed with modest gains and losses as investors avoided big bets before the New Year. The Dow rose 29.07 to 8332.85, while the Nasdaq fell 8.77 to 1339.54 amid concerns about oil prices inflation and Iraq tensions.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Iraq
Michael Murphy
Wachovia Securities
Baltimore
Traq
Venezuela
Fahnestock & Intel
Dollar Mixed as Gold Dips and Markets React Overseas
The dollar fell against major currencies in Europe with the euro near 1.0455 and the yen around 118.35 in New York trading. Gold slipped to 346.80 per ounce in London as shares moved mixed. Broadcom, Wal-Mart and Halliburton posted varied gains while overall NYSE volume rose to about 1.33 billion shares. The Russell 2000 edged lower, and overseas markets showed the Nikkei closing lower on Monday.
MENTIONED IN THIS ARTICLE
London
New York
Euro
Europe
Oil Services Company
New York Stock Exchange
Japan
Also Mentioned on This Page
Lereah
Realtors Group
Chicago Bank
Chicago
Mid America Bank
Mid America
Clarendon Hills
Sounds of
Pea Ia
Broadcom
Halliburton
Banc of America Securities
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