Young buyers rush into homeownership amid low rates
The Chicago AP report notes record low mortgage rates attracting people in their twenties to purchase. Young buyers like Erin Engelke and Jeff Lischett shift from renting to two-bedroom homes, often with parental help or zero down payment options, seeking steady equity and affordability rather to traditional renting.
MENTIONED IN THIS ARTICLE
Chicago
Erin Engelke
Edmund Aslaches
Crist! Cola
Lischett
Lischell
Scott Syphax
Nehemiah Corporation of California
RE/MAX
Erin
Jason Engelke
Edmond
Okla
Heartland ex traders agree to pay fines
Heartland Securities Corp and former executives and Day traders linked to Datek Online agreed to pay millions in fines after allegations they manipulated trading to generate illicit profits. The settlement settles civil cases with regulators over improper market practices and fraud allegations.
MENTIONED IN THIS ARTICLE
Heartland
Washingtos
Dowdones AP
Heartland Securities Corp
Datek Online
SvQimUiun
Former traders settle SEC lawsuit without admission
The former traders agreed to settle the SEC lawsuit in New York federal court without admitting or denying the allegations. Sheldon Maschler, 58, to pay 292 million and Jeffrey Catron, 32, 225 million. both barred from the brokerage industry. Heartland to pay 7 million and be sanctioned for its role after buying Datek's day trading unit in 1998.
MENTIONED IN THIS ARTICLE
Hesecues Alu Exchange Commission
New York
Sheldon Maschler
Jeffrey Catron
Darek Gniine
SEC
Heartland
Datek
Dollar firm but wobbly as euro sinks on Italy debt risk
The dollar ended the trading day firmer against major peers after a early drop sparked by US Korea tensions and fading US earnings optimism. Intel cut capital plans weighed on sentiment while the euro slipped after S P downgraded Italy’s outlook, fueling euro zone risk concerns. Late in New York the euro traded around $1.0547 and the dollar near 118.10 yen.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
United States
North Korea
U.S
Intel Corp
Standard & Poor's
Italy
Coun
Try
S&P’s
Germany
GE Workers Strike Over Health Care Costs Across 48 Locations
GE workers from IUE-CWA and UE split lines in a two day Louisville walkout over higher co payments set Jan 1 for GE Health Care Preferred services. About 17,500 to 20,000 employees in 48 locations across 23 states participated, with talks planned for spring to replace the mid June expiring contract.
MENTIONED IN THIS ARTICLE
Louisville
General Electric Co
Dave Ehrler
International Union of Electronic Workers/Communications Workers of America
United Electrical Radio and Machine Workers of America
Gary Sheffer
Com
Pany
Sheffer
New York
Schenectady
Jan Smith
Waterford
N.Y
National Labor Relations Board
Randy Payton
Iue-Cwa
Also Mentioned on This Page
New York City
Ellen Bitton
Park Avenue Mortgage Group Inc
National Association of Realtors
Honore Frumentino
Koenig & Strey Gmac Real Estate
Deerfield
Wawner
Bob Haag
Haag
Keystone High School
McDonald Investments
Mirsroom
The
Chronicle
the Chronicle
SMG
Smavwe.org
Ohio
Faday Chronicle
Barb Stephens
Chroniclegram
Arsine
Third Equity
Equity
Imagin
Street Journal
Florda
Bancorp
EDKC
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