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In the news
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Buffett world's richest man, Slim second: Forbes
(Reuters)
Reuters - Warren Buffett, the famed U.S.
investor who heads Berkshire Hathaway Inc (BRKa.N), replaced
his friend and Microsoft Corp founder Bill Gates as
the richest man in the world, Forbes magazine said on
Wednesday.
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Americas Watchdog Warns Pension Funds, Investors and Pension Fund Advisers Its Time to Find Out if Your Mortgage Backed Security Portfolio is a Ticking Time Bomb
Americas Watchdog's has been warning about the collapse of the US real estate market & the dire consequences that would be faced by pension funds & investors, since early 2005. This all begs the question where was the integrity on the part of banks or investment bankers when selling the garbage mortgage backed security, and where was the due diligence on the part of the banks & investment bankers who sold mortgage backed security portfolios? Americas Watchdog says there was no due diligence; just greed. As a result Americas Watchdog is offering pension funds or MBS investors an audit that will define potential for failure for the portfolio, and show the investor/pension fund where they were sold a bill of goods by the bank or investment banker. (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/2008/03/prweb738884.htm
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Ambac raising at least $1.5 bln of new capital
(Reuters)
Reuters - Bond insurer Ambac Financial Group Inc
said on Wednesday it plans to sell at least $1.5
billion of stock and convertible securities, to help preserve
the top-tier credit ratings critical for its main insurance
business.
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Odenza Celebrates Their Tenth Anniversary With a Special Recognition Award
Odenza Marketing Group Inc. is pleased to announce that the company has been accepted into Carnival Cruise Lines' "Pinnacle Club" for a second time effective February 10, 2008. To be eligible for the program, agencies must meet the company's sales criteria and demonstrate exceptional creativity in sales and marketing techniques. To celebrate their induction into this elite group, the staff of Odenza was presented with a highly detailed replica of a Carnival "Fun Ship" to display at their office. (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/2008/03/prweb743274.htm
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Stocks jump on data, commodities; Thornburg sinks
(Reuters)
Reuters - U.S. stocks rose on Wednesday as
evidence the services sector may not be as weak as feared
allayed investors' concerns about a recession and soaring
commodity prices lifted energy and mining companies' shares.
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Refinance.com Announces New Higher Mortgage Loan Limits up to $729,750
Refinance.com, the nation's premier source for residential mortgage refinancing, has announced new higher mortgage loan limits up to $729,750 for a single family home, stated Nicholas Bratsafolis, chairman and CEO of Refinance.com. The company is taking the lead nationally in refinancing for homeowners by immediately adopting the new conforming and FHA loan limits and is accepting mortgage refinance applications up to these new limits immediately. (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/2008/03/prweb743074.htm
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Rental Income Guaranteed for Buy-to-let Investors
Bryant Homes has launched an outstanding new scheme designed to help buy-to-let property investors by guaranteeing their first four years gross rental income. The offer removes any uncertainty for those thinking of becoming a landlord by providing the reassurance that they will not receive less than 6% gross rental yield on their investment for the first 48 months. (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/newhomes/guaranteedrental/prweb730853.htm
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Maconomy US Achieves 59 Percent Profitable Growth in 2007: Company Poised for Continued Growth in 2008
Maconomy US, leading provider of business solutions for professional services and marketing communications organizations, announced today that Maconomy US increased revenues by 59 percent in 2007 compared to 2006. The growth in revenues was realized while achieving the highest profit since 1997 when Maconomy US become a fully owned subsidiary of parent company Maconomy A/S. (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/maconomy/growth/prweb747324.htm
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Kaulkin Media Launches Monthly Newsletter Focused on Healthcare Receivables
Kaulkin Media announced today that it has launched a new monthly newsletter designed for creditors in the healthcare industry and their strategic partners in the Accounts Receivable Management industry (ARM). The newsletter, Inside Healthcare Receivables, joins a stable of other Kaulkin Media publications that explore various facets of receivables management across multiple industries. (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/2008/03/prweb739194.htm
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February 2008 Foreclosure Report Issued By PropertyShark.com; Foreclosures in Los Angeles, New York City, Seattle and Miami All Increase over February 2007
PropertyShark.com today released its monthly foreclosures report covering Los Angeles, Miami, Seattle and New York City for February 2008. Los Angeles Foreclosures: Up 210% over February 2007New York City Foreclosures: Up 121% over February 2007Miami Foreclosures: Up 96% over February 2007Seattle Foreclosures: Up 9% over February 2007 (PRWeb Mar 5, 2008)
Read the full story at http://ww1.prweb.com/releases/LosAngeles/Foreclosures/prweb743734.htm
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