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News Digest

Ameristar sees 4Q loss Ameristar Casinos Inc. experienced a loss of $101.1 million, or $1.77 per share, in the fourth quarter of 2008 compared to the same period a year ago when it had a profit of $8.2 million, or ...

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JPMorgan, banks to halt foreclosures for three weeks

Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp., Morgan Stanley and Wells Fargo & Co. agreed to suspend foreclosures while the Obama administration crafts a housing plan to modify mortgages for troubled borrowers. Citigroup will halt foreclosures through ...

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UMB takes over ownership of Renaissance Grand

Bondholders for the Renaissance Grand Hotel and Suites formally took over ownership of the hotel after no bidders appeared at the foreclosure sale on Monday. UMB Bank, the bondholders’ trustee, entered a bid of $98 million, the value of debt ...

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Obama’s foreclosure plan may back rewritten loans

The Obama administration is considering government guarantees for home loans modified by their servicers, seeking to stem the record surge of foreclosures that’s hammering U.S. property values. The proposal, which may also have the taxpayer share in the cost of ...

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