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Shares close slightly higher, extending gains for third day
Published December 5, 2008, 3:15 am, China Daily
Chinese stocks closed slightly higher on Friday, extending gains to three consecutive days. Shares in the agricultural and real estate sectors led the advance.
Mortgage rates drop to lowest level since January
Published December 5, 2008, 3:13 am, The Oakland Press
WASHINGTON (AP) — Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market.
Washingtons New Tack: Helping Homeowners
Published December 5, 2008, 3:13 am, The Gainesville Sun
The Treasury Department is working on a plan to boost the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent.
QUICK POLL
Published December 5, 2008, 3:12 am, GlobeSt.com
LOS ANGELES-New owners have taken title to two apartment complexes in Koreatown and Van Nuys in two separate deals totaling nearly $15 million.
Chicago's budget director quits
Published December 5, 2008, 3:12 am, KWQC-TV 6 Davenport
CHICAGO (AP) - Chicago's budget director has resigned in the midst of the city's worst financial crisis in recent history. Bennett Johnson III on Thursday called the job tough and demanding, adding he'd done a lot to try and help the city, but it was time for him to move on.
QUICK POLL
Published December 5, 2008, 3:11 am, GlobeSt.com
ANDERSON, IN-On the slow road to recovery, the city has sold one of its eight vacant General Motors plant facilities to a company, though for a lower price than expected.
QUICK POLL
Published December 5, 2008, 3:11 am, GlobeSt.com
AUSTIN-M&K Metals Inc.'s recently signed lease for 7,500 square feet has pushed occupancy at the two-building Cameron Creek Business Park to 91%. The two-building, 86,000-square foot industrial asset began life as speculative space when it was completed in December 2007.
NHB revises risk weight for home finance firms
Published December 5, 2008, 3:11 am, Business Standard India
In a move to boost capital adequacy of housing finance companies (HFCs), National Housing Bank (NHB) has revised their risk weightage and based it on their loan-to-value (LTV) ratio.
The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online
Published December 5, 2008, 3:11 am, GlobeSt.com
NEW YORK CITY-A state judge has refused to lift a default judgment of $265 million against a group of individual and corporate investors in a 16-year dispute over repayment of a loan used to develop Manhattan’s Flatotel hotel.
We chose Milpitas' public safety compensation
Published December 5, 2008, 3:10 am, The Milpitas Post
During the recent election one of our candidates alluded to our public safety salaries and current budget conditions and raised concerns about our city becoming another Vallejo.
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