Data through June 2011, released by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index increased by 3.6% in the second quarter of 2011, after having fallen 4.1% in the first quarter of 2011. With the second quarter’s data, the National [...]
Ninetowns Internet Technology Group Limited, one of China’s leading providers of online solutions for international trade, announced that its Board of Directors has authorized a share repurchase program, effective immediately. Under the program, Ninetowns is authorized to repurchase up to US$5 million of its American Depositary Shares (“ADSs”), each ADS representing one ordinary share of [...]
Economic growth in the U.S. over the next 12 months is expected to decline to around 2.0 percent, significantly lower than the 3.1 percent predicted as late as June 2011, according to the proprietary macroeconomic model of Mellon Capital Management, part of BNY Mellon Asset Management. The slower growth expectation is discussed in a recent [...]
Comerica Bank’s Texas Economic Activity Index rose one point in June, to a level of 99. June marks the fourth straight month of increases in the index, with the index flat or increasing for every reading since September 2010. June’s reading is 16 points, or 19 percent, above the index cyclical low of 83. Year-to-date [...]