Category Archives: Home

Builders of new homes see no signs of recovery

By doris | Published: April 23, 2011

Full Story at msnbc.com RICHMOND, Ill. — In this distant Chicago suburb, a builder has finally found a way to persuade people to buy a new house: he throws in a car.                                                                      Kim Meier’s spring promotion, which includes a $17,000 credit at a nearby General Motors dealer, has produced seven sales since the beginning [...]

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$513 million paid in undeserved homebuyer credits

By doris | Published: April 16, 2011

Full Story at  msnbc.com WASHINGTON — The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn’t qualify, a government investigator said Friday. Most of the money — about $326 million — went to more than 47,000 taxpayers who didn’t qualify as first-time homebuyers because [...]

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GE to buy most of Converteam in $3.2B deal

By doris | Published: April 2, 2011

Full Story at msnbc.com NEW YORK — General Electric Co. said Tuesday it will spend $3.2 billion for a controlling stake in French equipment developer Converteam as it continues to position itself as a major player in what’s expected to be a 20-year boom in oil and natural gas demand. Converteam, which serves a variety [...]

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Nearly 20% of Florida homes are vacant

By doris | Published: March 18, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — It’s not always easy to feel sorry for sunny Florida. But they just got hit with another blow. On Thursday, the Census Bureau revealed that 18% — or 1.6 million — of the Sunshine State’s homes are sitting vacant. That’s a rise of more than 63% over the [...]

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From Guns N’ Roses bassist to money manager

By doris | Published: March 4, 2011

Full Story at money.cnn.com The former Guns N’ Roses bass player says years of drug and alcohol abuse caused the rupture, which left him sidelined for months. As he recovered from the incident at home and sobered up, he found himself with hours of free time and little to do. McKagan wandered into his basement [...]

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Trade in your old junk for cash

By doris | Published: February 25, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — You could be sitting on a pile of cash. The old sofa in your living room, the pile of sports equipment in the garage, the outgrown baby gear, the used electronics are all worth cash — lots of it.The average household has more than $7,000 worth of unused [...]

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Retirees: Get ready to live on $190 a month

By doris | Published: December 9, 2010

Full Story at                NEW YORK (CNNMoney.com) — Are you prepared to live on $190 a month when you retire?        For most Americans in their 50s, that’s all the personal savings they’ll have to look forward to during           retirement, according to [...]

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CNBC: 3 big banks cutting deal on foreclosures

By doris | Published: November 17, 2010

Full Story at msnbc.com WASHINGTON — Three big U.S. banks are nearing a settlement in which they would compensate borrowers whose homes were improperly foreclosed upon, according to a CNBC report. Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. would also agree not to start foreclosure proceedings until they have [...]

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Companies yank cord on residential phone books

By doris | Published: November 15, 2010

Full Story at msnbc.com RICHMOND, Va. — What’s black and white and read all over? Not the white pages, which is why regulators have begun granting telecommunications companies the go-ahead to stop mass-printing residential phone books, a musty fixture of Americans’ kitchen counters, refrigerator tops and junk drawers. In the past month alone, New York, [...]

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Amazon to buy Diapers.com parent company: report

By doris | Published: November 8, 2010

Full Story at msnbc.com SAN FRANCISCO — Amazon.com Inc is expected to buy the parent company of Diapers.com for $540 million to $545 million, according to media reports. The deal will be announced on Monday, said a report on Fortune magazine’s website on Saturday, which did not cite any sources. The acquisition comes as Amazon [...]

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What you don’t know about Mom’s finances can hurt you

By doris | Published: November 2, 2010

Full Story at LifeInc.todayshow.com You probably know that it’s dangerous to be ignorant about your finances. But did you know it can also be dangerous to be unfamiliar with Mom and Dad’s financial health? Expenses are rising for rent, health care, transportation and heating, among other items. And while these affect all of us, rising [...]

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Tab for Fannie, Freddie could soar to $363B

By doris | Published: October 23, 2010

Full Story at msnbc.com WASHINGTON — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac. That figure would be nearly twice the amount Fannie and Freddie have received so [...]

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Bank of America to resume some foreclosures

By doris | Published: October 19, 2010

Full Story at msnbc.msn.com WASHINGTON — The pace of U.S. home foreclosures may not slow much after all. Bank of America said Monday that it plans to resume seizing more than 100,000 homes in 23 states next week. It said it has a legal right to foreclose despite accusations that documents used in the process [...]

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Boomerang kids: 85% of college grads move homeollege grads move home

By doris | Published: October 14, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, [...]

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