Shareholders OK Centex, Pulte merger
Shareholders for homebuilders Centex Corp. and Pulte Homes Inc. have approved a merger of the two companies. Under the terms of the deal, Pulte will acquire the Dallas-based builder, according to a source who attended the shareholders' vote on Tuesday. (CTX) (PHM) feeds.bizjournals.com |
Loan woes plague local banks in 2Q
Credit stress accelerated for regional banks in the second quarter. Financial analysts think problems could worsen during the second half of the year. feeds.bizjournals.com |
MELTDOWN FLASHBACK: Wednesday, Sept. 17, 2008 (AP)
The government's $85 billion rescue of American International Group is supposed to prevent a global cascade of bank failures. But no one is feeling relaxed Wednesday. us.rd.yahoo.com |
Stop Trading, Listen to Cramer! (CNBC)
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Morgan Stanley posts first profit of year (AP)
Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate. us.rd.yahoo.com |