Some title companies have insurance for this type of fraud. When we inquired with Presidio Title Company founder, Don Walker, he said he hadn't yet filed the claim and didn't know whether this type of fraud would be covered. Walker could not say with certainty whether Presidio Title uses encryption to
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New York-based Blackstone has agreed to acquire an 80 per cent stake in non-bank lender La Trobe Financial. Street Talk understands the transaction received approval from the Foreign Investment Review Board late last week. An announcement is expected as early as Monday. Under the terms of the
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New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company's investment portfolio includes residential mortgage loans, including
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A major power failure at Atlanta's airport — one of the world's busiest — forced Delta Air Lines Inc. and other carriers to cancel hundreds of flights and led to the diversions of many others. The electricity went out sometime after 1 p.m. local time, prompting the Federal Aviation Administration to issue a stop
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Clearance rates across Australia's capital cities edged higher last week, assisted in part by fewer properties being taken to auction ahead of the Christmas break. According to CoreLogic, a preliminary combined capital city clearance rate of 64.2% was achieved last week, up marginally on the 63.1%
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The first click in online shopping is shifting away from search engines like Alphabet Inc.'s Google to e-commerce behemoth Amazon.com Inc. But Google isn't bowing out. Even with more product searches beginning within the Amazon app, Pichai can always help provide the last mile in commerce
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According to the U.S. Consumer Financial Protection Bureau, in the decade between 2001 and 2011, the percentage of Americans 65 and older who hold a mortgage increased from 22 to 30 percent. And the rate jumped to more than 21 percent for homeowners 75 and older, up from just 8.4 percent in
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Profits are forecast to fall more than a third to $1.3 billion in the 12 months to June 30 and continue to decline in the following year, according to the average of 19 analysts' forecasts compiled by Bloomberg. Ratings agencies also insist the producer must continue to slash its debt, cut to $2.6 billion in
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The death of CSX Corp. Chief Executive Officer E. Hunter Harrison just two days after the railroad announced his medical leave resurrects questions about just how much companies should disclose about the health of their leaders. Harrison, 73, died Saturday of âunexpectedly severe complications from
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South Africa's rand headed for a three-month high against the dollar as delegates at the ruling African National Congress' conference prepared to elect a new leader. The currency gained 1.4 percent to 12.9227 per dollar by 10:07 p.m. in Johannesburg, the strongest level on a closing basis since Sept.
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By comparison, analysts estimate about $300 million in revenue for market leader SM Entertainment Co., home to boy band EXO, and $90 million for JYP Entertainment Corp., with girl group Twice, this year, according to data compiled by Bloomberg. Read more: K-pop chasing a 'Michael Jackson
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Humana Inc. is in âadvanced talksâ with two private-equity firms to acquire Kindred Healthcare Inc. in a deal that would value the medical operator at $4 billion including debt, the Wall Street Journal reported. Humana, TPG, and Welsh, Carson, Anderson & Stowe LP would run Kindred's home and
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Sebastian Kurz will become Austria's 14th postwar chancellor on Monday amid protests over his new government to be led by the conservative and nationalists. The formal inauguration by Austrian President Alexander Van der Bellen is set for 11 a.m. in Vienna after Kurz's conservative People's Party
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Over the past few weeks, people here in Beijing have been riveted by the so-called migrant âclean-outâ — the government's attempt to evict tens of thousands of migrant workers from their homes in the poorer parts of the city. What's not being discussed, however, is how the crackdown could threaten one
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… interests in China's opening financial sector. Sir Gerry Grimstone, Chairman of Standard Life Aberdeen and a leading figure in the Chancellor's delegation, told Bloomberg in an exclusive interview how Western asset management with China will drive growth for the next 10 years. (Source: Bloomberg).
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Chile's former president Sebastian Pinera, presidential candidate for the National Renewal party, speaks during a final campaign event in Santiago, Chile, on Thursday, Dec. 14, 2017. Photographer: Cristobal Olivares/Bloomberg. Billionaire Sebastian Pinera swept to victory in the second round of
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China needs to further liberalize its financial sector as a “huge interest” in domestic market assets is expected to grow, said Catherine McGuinness, the policy chairman of the City of London Corporation. Chinese and British officials talked about potential partnerships on President Xi Jinping's flagship
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Asia-Pacific stocks are set to kick off the penultimate week of the year on a positive note after U.S. indexes closed at record highs on Friday in wake of a Republican agreement on the shape of American tax cuts that are aimed to boost economic growth. Futures contracts in Japan and Hong Kong
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In a country long renowned for its cocoa beans, it's a little ironic that until recently, Indonesia's inhabitants haven't had much of a taste for chocolate. The average Indonesian eats just 300 grams (0.7 pounds) of chocolate annually, a sliver of the nine pounds or so put away by the average American,
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Bengaluru: As defaults rise and balance sheets of real estate firms weaken, private equity (PE) firms and non-banking financial companies (NBFC) are taking more control in projects, tightening underwriting norms and taking stock of the overall financial health of the developer in transactions.
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