Posted on : 13-02-2010 | By : admin | In : Financial News
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Frank and Myriam Warren sold a five-bedroom, 3.5-bath home at 834 E. 44th St. in Bronzeville to Craig and Owinda Marchbanks for $375,000 on Jan. 7.
The Warrens bought the property for $318,000 in Jan. 2001. The 3,154-square-foot house was built in 2001.
Ms. Warren serves as a special counsel at Faegre & Benson in their Minnesota office. Her practice concentrates in the all aspects of general and complex commercial litigation.
She graduated from Dartmouth College and earned her J.D.
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Posted on : 12-02-2010 | By : admin | In : Financial News
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Prime U.S. credit card asset-backed securities (ABS) performance stabilized in December, with most trusts reporting minimal changes in delinquencies and chargeoffs following record delinquencies in the previous month, according to Fitch Ratings.
In addition, credit card ABS trusts excess spread cushions widened further as pricing changes begin to take full effect boosting portfolio yields. (Click chart to enlarge)
Posted on : 11-02-2010 | By : admin | In : Financial News
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I dreamed of floating above a green carpet of vineyards interspersed with trays of fine meats and poultry with clouds made of Roquefort and Brie cheeses. Then I awoke to a “real” fantasy not unlike the dream. I was on a fabled French canal exploring an Edenic garden of edible delights.
I spent a week on L’Impressionniste, a 126-foot-long hotel barge, cruising the Burgundy region of France. It was late summer and the vines were full of their famous fruit. All that was needed were a few days of rain and a week or so of warm weather. Then the harvesting could begin.
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Posted on : 11-02-2010 | By : admin | In : Financial News
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I’m not an advocate for buying new vehicles versus used. However, there is some merit in buying an extremely cheap new car and driving it until it’s time to take it behind the woodshed and put it out of its misery.
That being said, below is a list of the 10 cheapest vehicles of 2010 (from most to least expensive), based on MSRP. If you only buy used, go out and get one of these models in 3 years as their resale values are typically only about half of MSRP.
Foreign Automakers Dominate The List of Cheapest Vehicles
You’ll find that foreign automakers swept the list: Nissan (2), Scion (2), Toyota (1), Hyundai (1), Kia (3), and Honda (1). At th
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Posted on : 09-02-2010 | By : admin | In : Financial News
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Credit card users need not do anything wrong to fall victim to security breaches like those at Heartland Payment Systems and TJMaxx parent company TJX; they simply need to have a card.
Their credit card information is protected by the Payment Card Industry (PCI) Security Standards Council, which was formed in 2006. The council sets 12 specific goals to build and maintain secure networks, but those may not always be enough, according to general manager Bob Russo.
“Consumers need to take a little bit of responsibility now. You can watch your credit card activity online,” Russo said in an interview with CNET News. Read more…
Posted on : 09-02-2010 | By : admin | In : Financial News
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The battle for Axa Asia Pacific Holdings’ (Axa APH) Australasian businesses enters a new phase this week after AMP’s exclusivity agreement with the French parent company and bid partner Axa SA expired over the weekend.
In a statement this morning AMP gave little away, saying it “continues to consider its position” on Axa APH in the absence of an exclusivity agreement.
Assuming AMP does not lift its bid to beat the cash offer from rival suitor National Australia Bank (NAB), the winner may be decided by the Australian Competition and Consumer Commission.
The commission’s decisions on whether to allow a takeover will be made known by Wednesday in AMP/Axa SA’s case and March 18 in the case of NAB.
NAB’s strategic move for market share presents the prospect of a big bank getting bigger – a likely contentious point for the competition watchdog.
AMP has reportedly downplayed to staff the importance of a successful bid, but as Ibisworld industry analyst Zlatan Kapetanovic puts it, life without the Axa APH assets greatly increases the risk of AMP becoming a target for a takeover itself.
“For AMP it is a move they need to make in order to survive because they are the only independent wealth management and financial planning company at the moment,” he told insuranceNEWS.com.au.
Axa APH has backed up last month’s positive $675 million earnings forecast for 2009 with strong data on new business. It said last week the A
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