Suburban Chicago real estate promo spree hits hard times
In Wheeling and Bolingbrook a string of lavish incentives tempts buyers with free upgrades, a new car, and cheap financing as analysts note housing market distress. Economists say existing home sales fell nearly 10 percent in February to a nine year low, with distressed properties making up forty percent of those sales. New home sales are forecast near 250,000 for the year, the worst since the Kennedy era.
MENTIONED IN THIS ARTICLE
Chicago
Millbrook Pointe
Wheeling
Patriot Place
Bolingbrook
Sunset Ridge Estates
Kim Meier
KLM Homebuilders
U.S
United States
Washington
Japan
Com- Merce Department
Kodak patent dispute revived against Apple and RIM
A federal agency will review Kodak’s patent infringement claim against Apple and Research in Motion. The U S International Trade Commission will decide by May 23 whether to overturn a judge’s ruling that iPhone and Blackberry do not infringe Kodak’s 2001 image preview patent. Kodak seeks royalties potentially exceeding 1 billion dollars amid a broader digital-imaging strategy.
MENTIONED IN THIS ARTICLE
Rochester
N.Y
Eastman Kodak Co
Apple Inc
Research In Motion Ltd
U.S. International Trade Commission
Washington
D.C
Apple
iPhone
RIM
Kodak
Paul Luckern
Girl Scouts Try GoPayment Card Readers for Cookies
In Northeast Ohio about 200 troops test credit card sales via GoPayment attached to smartphones, a move to boost cookie buys as cash use declines. The system, offered by Intuit, charges 1.7 percent plus 15 cents per sale for the lowest rate, with customers typically paying 2.7 percent. The plan could roll out to all 2,700 troops locally and beyond, aligning with a broader mobile payment trend that gained momentum after Square.
MENTIONED IN THIS ARTICLE
Parma
Ohio
Girl Scouts
Marianne Love
Girl Scouts of
North East Ohio
Love
Fen
San Diego
Square Inc
Ablowitz
Intuit
Mountain View
Calif
Parkside Elementary
Solon
Uneven State Job Growth Persists Amid Broad U.S. Gains
The February Labor Department report shows 44 states adding net jobs over the year while 41 states report lower unemployment. California and Michigan rebound with strong hiring, but six states lose jobs, including Arizona and New Jersey. Nationwide 1.3 million net jobs added in the period.
MENTIONED IN THIS ARTICLE
Washington
California
Michigan
Arizona
Kansas
Missouri
Nevada
New Mexico
New Jersey
Labor Department
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