Archive for August, 2011

Coalition caught off-guard by mortgage arrears crisis despite pre-election talk

ANALYSIS:The programme for government is vague on the issue of mortgage arrears and all eyes now turn to the group tasked with providing workable recommendations

Spanish new mortgages plunged in June

MADRID: The number of mortgages issued for Spanish homes plunged in June, official data showed Monday, confirming weakness in the property sector that is hurting the country’s banks and economic growth. (25 mins ago)

Pressed by price, Canadians pass on ‘trophy’ wines

The market for premium Canadian wines has hit a wall of consumer-resistance, a panel of Canadian vintners said Monday, prompting wineries to shift their focus to lower-priced offerings. (2 mins ago)

Banks reaching out

Canadians going to the bank machine to get cash are being faced with offers to raise the borrowing limit on their credit card. (2 hours ago)

REAL ESTATE: Boulder, Broomfield, Weld home sales

HOME SALES Listed are the buyer, the property address, the seller and the amount. Boulder Clay & Donna Szollosi — 645 Manhattan Place # 212, Melinda Canino, $126,000. (5 mins ago)

Connecticut Can’t Sustain Corporate Dole

If trends continue, public-spirited Bono and U2 will be giving a concert for Connecticut, not in it. The state’s economic prospects felt that bad last week when Gov. Dannel P. Malloy laid off 56 rookie state troopers while offering financial giant UBS $20 million to move only some of the company’s jobs out of Stamford. (17 mins ago)

Credit-score rules, they are a-changin’

If you read only one article about credit scores this year, read this one. The average credit score nationwide is 666, according to Credit Karma . That’s not only an ominous number but a potentially costly one. (33 mins ago)

Feds turn a profit off mobster’s hidden treasure

Dozens of $500 and $1,000 bills owned by convicted mobster Frank “the Breeze” Calabrese have fetched a small fortune. (36 mins ago)

Shared equity schemes help Persimmon to beat home sales blues

SHARED equity and part exchange schemes are helping housebuilder Persimmon grow sales this summer despite a “challenging” market. (21 mins ago)

Former oil CEO jailed for two years as judge cites Madoff case

There was little gratification for original board members of a now-defunct Calgary oil company Monday when its former chief executive and chairman of the board was jailed for misappropriating nearly $500,000 from the firm. (55 mins ago)