Sears Lines Up $100 Million In New Financing After Holiday Season Bloodbath

Despite one of the most favorable environments in years for shoppers, Sears Holdings (shld, +2.56%) has reported disastrous holiday season results. The retailer, which operates the Sears and Kmart chains, said on Wednesday it estimated comparable sales, a metric that excludes the dozens of weak
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DALLAS –(BUSINESS WIRE)– Capstead Mortgage Corporation (NYSE: CMO) (“Capstead” or the “Company”) announced today that it will release its fourth quarter 2017 results following the close of trading on the New York Stock Exchange on Wednesday, January 31, 2018. The Company will host a
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The survey covers over 75% of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. On an unadjusted basis, the Market Composite Index rose 46% compared with the previous week, while the Refinance Index gained 11% during the same period. The seasonally
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Sonnenblick-Eichner Company arranged $110 million of first mortgage financing to refinance the InterContinental San Francisco, a 32-story, … The interest rate for this 10-year, non-recourse, fixed rate loan is in the low 4-percent range, and was priced at less than 200 basis points over the swap rate.
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Toyota Motor (tm, -0.79%) said on Tuesday it was expanding its safety recall involving Takata front passenger air bag inflators to cover about 601,300 additional vehicles in the United States. Takata (tktdy, +0.00%) and its U.S. entity TK Holdings filed for bankruptcy in June after it said it was recalling
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Capital International Investors now owns 12,059,351 shares of the company's stock worth $548,821,000 after buying an additional 156,793 shares in the last quarter. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Friday,
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The Minneapolis Fed proposed a set of sweeping rules Wednesday that would increase capital requirements for big banks and tax shadow banks. The branch's president, Neel Kashkari, has been a vocal critic of major institutions, saying they continue to represent a systemic threat 10 years after the
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Total application volume rose 8.3 percent during the first week of the year from the previous week, as mortgage rates held below year-ago levels, according to the seasonally adjusted Mortgage Bankers Association report. Refinance applications led the charge, rising 11 percent from the previous week.
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SEATTLE, WA – Corum Group, the leading M&A advisory firm for software and related technology companies, today announced that its client, Lending Manager, has been acquired by Loyalty Express. Lending Manager is a leading point-of-sale and website creator for lenders of all sizes, and
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The fund owned 29,476 shares of the biotechnology company's stock after buying an additional 3,479 shares during the quarter. American International Group Inc. owned about 0.09% of Repligen worth $1,130,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds
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The former chief executive of Anglo Irish Bank, David Drumm, has pleaded not guilty to charges of conspiracy to defraud and false accounting in a trial starting today in the Dublin Circuit Criminal Court. Mr Drumm stood in court wearing a dark suit, and open-neck blue shirt when the charges were read
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As a Director Key Accounts International Buying Groups you manage and drive a healthy and sustainable business with the assigned accounts by driving profitable and sustainable market share growth through advanced Business Plans. You also manage and drive the business analysis and business
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Investors Title Company (ITIC) formed triangle with $181.41 target or 7.00% below today's $195.06 share price. Investors Title Company (ITIC) has $368.08 million valuation. The stock decreased 0.75% or $1.48 during the last trading session, reaching $195.06. About 853 shares traded. Investors Title
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The use of shell companies to purchase Trump properties has dramatically increased since Trump entered the political realm. USA Today found in the two years prior to his nomination as the Republican nominee, only 4 percent of buyers used the tactic when purchasing Trump properties. In the year
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In fact, as they continue to become less scarce, $1 million may no longer get buyers into the luxury home market, according to the latest Trulia research report. Trulia argues that $5 million is now the new bar for luxury living. But surprisingly, even $5 million homes are becoming less exclusive, as the
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We've noticed over the last few months that house prices have been fairly stable not collapsing– especially in London – supported by low mortgage rates and unemployment as well as a shortage of stock which is partly offset by an affordability squeeze. Wages have been rising more slowly than inflation
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TRAVERSE CITY — An active December bumped Venture North Funding and Development's 2017 lending well past the $1 million mark, to $1,367,520 for the year. Fieldstone Market & Deli, Strong Brew and Xpert Fulfillment closed last month on a trio of loans that totaled more than $500,000, a Venture
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NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) released its 2017 Consumer Loan Marketplace Lending Year in Review and 2018 Outlook. The accompanying research report highlights the fact that 2017 was a notable year in the consumer loan marketplace lending (MPL) space in
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As a bank with no shareholders, we take the long-term view of our mortgage customer relationships. We want you to be satisfied with your mortgage, not just when you close, but twenty years from now. From our first-time homebuyer program to jumbo loans, our mortgage specialists will guide you
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