International Business Machines Corp. and Comcast Corp.'s venture arm will become the largest supporters of an investment fund for startups that help corporations use blockchain, the digital ledger that's become a hot technology.
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Mortgage rates dropped to start the new year, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 3.95%, down from 3.99% the previous week, according to Freddie Mac's Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 4.20%. For the week ended
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âWith the FOMC minutes showing continued support for gradual increases in policy rates from many participants and inflation rates remaining low, there isn't much upward pressure on long-term rates at the moment,â said Freddie Mac deputy chief economist Len Kiefer. âWhether that changes due to a
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âDecember's increase in construction labor is a hopeful reminder that things will eventually get better for our severely depleted housing market,â realtor.com Senior Economist Joseph Kirchner said. âIn fact, if this trend gains momentum, it could address one of the largest issues holding back inventory â a
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With the future of the federal leveraged lending guidelines in flux, investment bankers are already preparing for a lighter-touch regulatory environment. Many have started pushing their compliance teams to allow aggressive deals in leveraged finance, as the stars begin to align for a loosening of
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Clay W. Ewing â president, chief banking officer and secretary to the board of directors of German American Bancorp Inc. in Jasper â has assumed his position as the chairman of the Indiana Bankers Association Board of Directors. Board members were elected at the IBA's annual convention in French
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Rising interest rates and lower tax rates have analysts calling for 2018 to be the year of the banks. Analysts at Barclays are forecasting a 20% boost in the stock prices of the biggest U.S. banks for this year with momentum likely carrying over into next year as well. Two of their favorites include JPMorgan
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It was the second year of declining numbers for the Montgomery plant, but understandable as the company experienced a 12 percent drop in North American sales, and a 5 percent dip in retail sales. This was due to high demand in the North American market for SUVs, while the plant produces sedans
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In an interview with Fortune last October, Garlinghouse said Ripple has provided some XRPs to hedge funds at a discount in order to increase overall liquidity in the currency. Meanwhile, the company has also licensed its blockchain technology to credit card giant American Express (axp, +1.63%).
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Marijuana plants are grown at Essence Vegas' 54,000-square-foot marijuana cultivation facility on July 6, 2017 in Las Vegas, Nevada. Ethan MillerâGetty Images. By Bloomberg. 1:19 PM EST. Constellation Brands Inc. isn't quite sure whether legal cannabis is friend or foe to the alcohol industry.
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John A. James, the company's chairman, has appointed his son Lorron James CEO of the Detroit-based logistics and supply chain management firm, it announced Friday. The senior James retired in 2016 at age 75, after 45 years in business. He officially transferred the CEO title to his son Lorron James
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Analysts expect Oaktree Specialty Lending Corpo (NASDAQ:OCSL) to report $0.10 EPS on February, 8.They anticipate $0.06 EPS change or 37.50 % from last quarter's $0.16 EPS. OCSL's profit would be $14.10M giving it 12.34 P/E if the $0.10 EPS is correct. After having $0.08 EPS previously, Oaktree
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As a new real estate agent, Brandon Mulrenin was eager to start big and determined to sell more homes than most. Thanks to solid planning and the right support, he actually did it — Mulrenin sold 116 homes his first year as an agent. On a recent podcast with Pat Hiban, Mulrenin explained how he
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The new year has got off to a positive start, with new technology on the way as well as some good news for some of the regions of the UK. Despite buy-to-let landlords arguably getting a raw deal from the government of late, there are still strong yields to be found in the right places, and some of the apps
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Would-be buyers who might otherwise have difficulty getting a home loan could get a leg up if quasi-government mortgage backers Fannie Mae and Freddie Mac begin to allow lenders to use alternative, potentially more lenient credit scores in their decision-making. Fannie and Freddie purchase and
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Mike Sims, Senior Mortgage Manager at Yorkshire Building Society, said: âIn addition to the emotional pressures a break up can cause, there will undoubtedly be financial ties you and your spouse will need to sort out â with a mortgage most likely the biggest financial commitment. âAt the Yorkshire we
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MountainView is brokering a nonrecourse $3.5 billion package of mortgage servicing rights on behalf of an unnamed seller. The offering contains servicing rights on loans from Fannie Mae and Freddie Mac that have a variety of remittance cycles. The seller is “well capitalized” and offering the package
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Karl Rieder, Director of Research & Development at The GFT Group, is chairing the Marketforce and the IEA Annual Future of Mobile Banking Conference 2012, on Tuesday 29th May in London.
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The stock of Investors Title Company (NASDAQ:ITIC) hit a new 52-week high and has $205.36 target or 6.00% above today's $193.74 share price. The 9 months bullish chart indicates low risk for the $365.59M company. The 1-year high was reported on Jan, 5 by Barchart.com. If the $205.36 price target
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Wheel of Fortune host Pat Sajak is seen during batting practice before a spring exhibition baseball game between the Baltimore Orioles and the Pittsburgh Pirates in Sarasota, Fla., Sunday, March 23, 2014. (AP Photo/Carlos Osorio)
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