Mark Zuckerberg's fortune dropped $3.8 billion Monday as investors weighed reports that a political advertising firm retained information on millions of … Facebook shares fell 5.1 percent to $175.69 at 9:38 a.m. in New York, cutting Zuckerberg's fortune to $71.5 billion on the Bloomberg Billionaires Index.
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Affirm Inc., a startup from PayPal co-founder Max Levchin, is going after millennials with a new kind of credit card alternative that only exists online. People can sign up through the website or at checkout on some web stores for financing from Affirm that's paid off in monthly installments. On Monday, the
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Financial services provider Fidelity National Financial Inc said it would buy insurer Stewart Information Services Corp in a $1.2 billion deal to strengthen its residential and commercial title insurance business. ** KLA-Tencor Corp said it would buy fellow semiconductor equipment maker Orbotech Ltd in a
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âThe venerable Stewart brand has a long and respected history in the title insurance industry and we see tremendous potential in working with the Stewart management team to invest in and grow the Stewart brand on a national basis as part of our long-time, successful strategy of operating multiple title
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âPrior to Michael being elected chairman in 2016, the company had a market capitalization of approximately $200M, $41M of cash on hand and nearly $500M of debt and pension liability as compared to a market capitalization today that represents a more than 300% improvement, a greater than 400%
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CHARLESTON, S.C.–(BUSINESS WIRE)–Greystar Real Estate Partners, LLC (âGreystarâ), a global leader in the investment, development, and management of rental housing properties, today announced that The Guild, a 226-unit, 8-story mid-rise community, located at 128 Columbus Street in the heart
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IRVING, Texas, March 19, 2018 (GLOBE NEWSWIRE) — ReadyCap Commercial, LLC (http://www.readycapcommercial.com), a leader in small-balance commercial real estate mortgage finance, securitized $164.96 million of newly originated first-lien, conventional fixed rate commercial real estate
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After lagging the market for most of the post-financial-crisis period, bank stocks are on a tear as investors view them as the single-largest beneficiaries of rising interest rates and the recent passage of the Tax Cut and Jobs Act. But some bank stocks are better positioned than others to benefit from a
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The number of mortgages approved in February 2018 was down 1.25 per cent compared to January, according to the latest mortgage monitor from chartered surveyor e.surv. The number of approvals in February is also down compared to the same month last year, with a drop of 2.6 per cent reported.
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CHICAGO–(BUSINESS WIRE)–PGIM Real Estate Finance and the New York State Teachers' Retirement System (NYSTRS) have provided $1.1 billion in financing for the acquisition of a 146-property industrial portfolio. PGIM Real Estate Finance is the commercial mortgage finance business of PGIM,
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A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, March 19, 2018. Asian stock markets were mixed Monday following Wall Street's gain and China's appointment of a new central bank governor and other top economic officials.
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At the same time as Australian Securities and Investments Commission's new chair James Shipton delivered an address in Sydney on the need for the community to trust in the financial services sector, the royal commission in Melbourne was hearing from bank executives and customers about how this
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COSTA MESA, Calif., March 19, 2018 /PRNewswire/ — Businesses of all types and sizes strive to make smarter credit lending decisions. As the leader in alternative credit data, Experian® – through its acquisition of Clarity Services – now has increased visibility on more than 62 million consumers who rely
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Stock futures are reeling from a rash of troubling news in the tech space, most notably FB in the spotlight over reports of a data breach with shares down 3.5% pre-market (more on this below). Separately, AAPL suppliers in Asia came under pressure after our reporting that the company is developing its
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mike-kirby-copy Mike Kirby has joined First Interstate Bank as mortgage sales manager for the southern Idaho region. Kirby has 20 years of experience in the industry. He also participates in local nonprofit efforts such as the Leukemia and Lymphoma Society, Camp River Run, Neighbor Works Boise,
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Buying a home in America is the most affordable it's been since 1980, according to new data from Trulia. Mortgage rates have dropped, which increases long-term affordability for homeowners. Only three of the 100 largest metros â Denver, Miami, and Portland â have become less affordable since
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Homeowners in Scotland pay a fifth (20%) of their disposable income towards their mortgage each month, according to new Bank of Scotland research, almost half of the proportion paid out in 2007. Disposable income spent on mortgage payments in Scotland is 9% less than the rest of the UK (29%)
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HOUSTON–(BUSINESS WIRE)–Stewart Information Services Corporation (NYSE: STC) (âStewartâ) today announced that it has entered into a definitive agreement to be acquired by Fidelity National Financial, Inc. (NYSE: FNF) (âFidelityâ), a leading provider of title insurance and transaction services to
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Franklin Street Advisors Inc decreased its stake in Fortune Brands Homes & Sec Inc (FBHS) by 17.06% based on its latest 2017Q3 regulatory filing with the SEC. Franklin Street Advisors Inc sold 21,314 shares as the company's stock rose 10.95% with the market. The hedge fund held 103,592 shares of
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“The venerable Stewart brand has a long and respected history in the title insurance industry and we see tremendous potential in working with the Stewart management team to invest in and grow the Stewart brand on a national basis as part of our long-time, successful strategy of operating multiple title
See Original Article