Archive for June, 2008

May Existing-Home Sales Show Modest Gain

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Sales of existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors(R).
Existing-home sales — including single-family, townhomes, condominiums and co-ops — increased 2.0 percent to a seasonally adjusted annual rate(1) [...]

Redfin Launches Online Real Estate Service in Chicago

Expands Search by More Than 4 Million More Homes, Increasing Redfin’s Reach by Almost 40% to 16 Million Homes
Online real estate broker Redfin Corporation today launched its real estate e-commerce service for the Chicago area, its eighth market overall and first new market in 2008. Redfin’s brokerage, headquartered in Schaumburg, Ill., now serves Cook [...]

Looking for London’s Best Office

Working Buildings 2008 - 8-9 October 2008 - Olympia, London
The organisers of the London-based built environment exhibition Working Buildings 2008, is searching for London’s best office. The Office of the Year award will honour businesses within the capital for office innovation and excellence, with particular emphasis on energy and waste management. The award is [...]

European Capital Invests $25 Million in Groupe Unipex

European Capital Limited (”European Capital”), announced today that its subsidiary ECAS S.a.r.l. has invested $25 million in Groupe Unipex (formerly Atrium Innovations’ active ingredients and specialty chemicals division), a global firm specializing in the manufacture and distribution of active ingredients, specialty and base chemicals for the cosmetic, pharmaceutical, specialty and industrial chemical and nutrition industries. [...]

Arab Bank Deploys Fortent’s Anti-Money Laundering Solution

Largest Middle East bank network adopts advanced compliance technology
Risk and compliance specialist Fortent announced today that Arab Bank has implemented Fortent’s anti-money laundering (AML) solution throughout the bank’s European and Levant operations, with work underway to introduce the system across its remaining branches in the Gulf, Asia Pacific, Australia, and North Africa. Headquartered in [...]

Nationwide Mortgage Licensing System Expands to 14 States

The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announce that six more states — Connecticut, Louisiana. Mississippi, North Carolina, New Hampshire and Vermont — will begin using the Nationwide Mortgage Licensing System (NMLS) beginning July 1st.
The eight states currently using NMLS are Idaho, Iowa, Kentucky, Massachusetts, Nebraska, [...]

Despite Down Market, Sales Up for Homes Using Natural Elements

While homebuilders across the country are coping with stagnant inventories, Tennessee Log and Timber Homes Inc. has seen sales of its Natural Element Homes(TM) increase by 108% in the past year. The Athens, TN headquartered company is beating current economic housing trends by creating a custom style of home that resonates with Americans’ desire to [...]

Realtors(R) Enlist Nation’s Mayors in Fight Against Foreclosure

The National Association of Realtors(R) today joined officials from the Federal Housing Administration, Mortgage Bankers Association and NeighborWorks(R) America to address the foreclosure crisis and its impact on American cities.
The organizations shared their insights with mayors from across the country as part of the U.S. Conference of Mayors’ annual meeting in Miami. Sen. Barack Obama, [...]

Tarnished Golden Years: Unauthorized Bank and Credit Union Overdraft Fees Threaten Financial Security of Older Americans

The Federal Reserve Should Adopt Meaningful Rules
Americans 55 and over pay $4.5 billion in fees annually for overdraft loans they haven’t asked for and typically don’t want, a new study by the Center for Responsible Lending finds. Of that, nearly $1 billion is stripped from people heavily dependent on Social Security income.
The new report [...]

Great Business Teams: What’s the Secret?

Johnson & Johnson, L’Oreal, Mars Incorporated, Novartis Oncology, Pfizer, and Philip Morris USA, among others, are named companies with “great business teams” by Howard M. Guttman in Great Business Teams: Cracking the Code for Standout Performance (John Wiley, June 2008).
Guttman’s latest book examines the inner workings of several dozen high-performance senior executive teams, assessing how [...]