Valuations last climbed this fast in the final year of the 1990s technology bubble, just before the index began a 49 percent tumble.
Read More »S&P responds to municipal mortgage-seizure plan
Standard & Poor’s probably will demand greater protections for investors when mortgage bonds are backed by loans to homeowners in jurisdictions that use eminent domain to seize debt to help borrowers.
Read More »KC-based Bats agrees to merge with Direct Edge
Kansas City-based Bats Global Markets Inc. and Direct Edge Holdings LLC agreed to merge, uniting two of the biggest American exchange operators amid a four-year decline in volume.
Read More »Buyers wager on Las Vegas, Phoenix
Bubbles are inflating in Nevada and Arizona even as housing in the rest of the country recovers at a more sustainable pace.
Tagged with: housing bubble
Read More »Johnson & Johnson said to weigh $3B settlement
Johnson & Johnson, the world’s biggest seller of health care products, has discussed paying more than $3 billion to settle lawsuits over its recalled hip implants.
Tagged with: Johnson & Johnson
Read More »Obama focuses on risk of new bubble
The president has long spoken of the need to escape an era characterized by the excesses of the 1990s dot-com bubble and the unsustainable housing boom of the next decade.
Read More »Twilight of Bernanke years shows no signs of buyer’s remorse
U.S. markets are backing up Ben S. Bernanke’s assertion that he has the best inflation record of any Federal Reserve chairman since World War II.
Tagged with: Ben Bernanke
Read More »Fannie Mae sees easier terms sustaining home sales
More jobs and easier loan terms will boost demand for new mortgages in the second half of this year as homebuyers shrug off higher interest rates.
Tagged with: Fannie Mae home sales
Read More »Visa, MasterCard pass on dropping fee accord, CEO says
Visa Inc. and MasterCard Inc. will pursue a multibillion-dollar antitrust settlement with U.S. merchants over credit card fees.
Tagged with: MasterCard Visa Inc.
Read More »Peabody must pay for retirees’ health care, appeals court rules
Peabody Energy Corp. must still pay for the health care of its retirees, according to a reversal by the US Bankruptcy Appellate Panel for the Eighth Circuit.
Tagged with: Patriot Coal Corp. Peabody Energy Corp.
Read More »Commentary: Now is the time to borrow for commercial real estate
Rates remain at historic lows today, so borrowers with a loan event approaching should begin the financing process early to take advantage.
Tagged with: housing bubble real estate
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