Blackstone Group LP is slowing its purchases of houses to rent amid soaring prices after a buying binge made it the biggest U.S. single-family home landlord.
Read More »Ex-SAC analyst settles with SEC over insider-trading claims
Former SAC Capital Advisors LP analyst Ron Dennis settled a lawsuit brought by the U.S. Securities and Exchange Commission accusing him of involvement in an insider-trading scheme that included Michael Steinberg, a former SAC manager convicted in December.
Read More »Commentary: Net Investment Income Tax hits real estate businesses
The new federal Net Investment Income Tax became effective in 2013, making this the first year that we are seeing its effects on tax returns.
Read More »Mixed messages from Americans on housing
Despite continued improvement in the housing market, Americans' attitudes about the health of the economy and housing reflect continued uncertainty.
Read More »Report: Justice Department didn’t prioritize mortgage fraud
The Justice Department didn’t ensure that mortgage-fraud cases in the wake of the 2008 financial crisis were made a priority at a level equal to its public statements, an internal watchdog said.
Read More »Countrywide asks judge to reject U.S. claim for $2.1B
Lawyers for Bank of America Corp.’s Countrywide unit and the U.S. government returned to a federal courtroom yesterday to spar over whether the bank owes nothing – or as much as $2.1 billion – for selling thousands of defective mortgage loans to Fannie Mae and Freddie Mac.
Read More »Missouri House bill targets port development
Rep. Paul Wieland, R-Imperial, has filed legislation aiming to attract development and jobs at river ports in Missouri.
Read More »Madoff ex-aide likened to innocent in Sodom and Gomorrah
Bernard Madoff’s securities firm was a modern-day Sodom or Gomorrah, the biblical cities destroyed by God for their immorality, a defense lawyer told jurors in the trial of five of the con man’s ex-aides.
Tagged with: Bernard Madoff
Read More »Judge: S&P may be allowed to seek Geithner information
McGraw Hill Financial Inc.’s Standard & Poor’s unit may be allowed to seek information from former U.S. Treasury Secretary Timothy Geithner related to what the company said was a “threatening” call he made to Harold W. McGraw III after S&P’s downgrade of U.S. debt in 2011.
Tagged with: Standard & Poor's
Read More »Republicans search for path to U.S. online sales tax legislation
House Republicans are seeking a way to address the ability of Internet retailers and catalog companies to avoid collecting state sales taxes, a situation brick-and-mortar stores say is unfair to them.
Read More »De Soto area winery proposed
La Chance Vineyards & Winery won its first round of approval Monday at the Jefferson County Council meeting.
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