Real Estate September 10th, 2009

Buyers will be allowed to return their car or truck within 60 days if they’re not satisfied.Buy a new General Motors car. Don’t like it? Return it and get your money back.General Motors, in a bid to appeal to consumers upset about decades of poor quality and the carmaker’s government bailout, is launching an unusual [...] Tags: businesses, buyers, general motors, money No Comments » more... Case: Commercial Real Estate Next to Fall September 10th, 2009 by Financial Writer
Wellesley College economics professor Karl Case, co-founder of the S&P/Case-Shiller Home Price Index, says commercial real estate “absolutely” could be the next domino to fall.“It’s not as big as residential,” he pointed out in an interview with Dan Mangru of Moneynews.About 30 percent of U.S. loans are secured with residential real estate, compared to 13 [...] Tags: economics, economy, loans, real estate No Comments » more... GM will offer 60-day, money-back guarantee on new cars September 10th, 2009 by Financial Writer Frustrated that many shoppers won’t even consider its cars, General Motors says starting Monday, buyers of new GM models can bring them back within 60 days, no questions asked, and get back the price of the car.GM’s Vauxhall brand used a money-back guarantee in the U.K. some years ago, GM marketing chief Bob Lutz says, [...] Tags: buyers, general motors, money, us No Comments » more... China Ramps Up To Buy Cheap U.S. Real Estate September 10th, 2009 by Financial Writer China Investment Corporation, China’s $300 billion sovereign-wealth fund (SWF), is preparing to buy distressed U.S. real estate assets.It will do so using the U.S. Treasury Department’s Public-Private Investment Program (PPIP) to fund the investments, reports the Wall Street Journal.Meanwhile, several Chinese officials warned that Wall Street isn’t taking the recession seriously, and that much more [...] Tags: China, economic, financial crisis, real estate, USA No Comments » more... Stocks end at 2009 highs September 10th, 2009 by Financial Writer Wall Street cheers as strong debt auction, P&G forecast, Geithner comments and drop in jobless claims draw investors.Stocks surged Thursday, with the major gauges ending at the highest point in nearly a year, having responded strongly to a debt auction and Procter & Gamble’s improved forecast.The Dow Jones industrial average (INDU) gained 80 points, or [...] Tags: Debt, Dow Jones Industrial, jobless, Nasdaq composite, recession No Comments » more... The United States ranked as the top economy in terms of innovation and efficiency September 8th, 2009 by Financial Writer Switzerland pushed the United States out of the top spot as the planet’s most competitive economy while Canada moved up one to ninth, according to rankings released Tuesday.The World Economic Forum said the tiny landlocked European country received high marks for its banking system, established infrastructure and stable inflation and growth policies in the group’s [...] Tags: canada economy, top economy, usa conversion No Comments more... Gold has quadrupled in value September 8th, 2009 by Financial Writer The price of gold has touched $1,000 an ounce for the first time in six months.The move could be seen as a sign that investors believe the worst of the global recession is over and are worried about inflation.Others who are less convinced about the strength of the recovery are moving into gold, which is [...] Tags: economy, gold price, uk news No Comments » more... Debt Expert September 8th, 2009 by Financial Writer Personal debt problems have become more complicated in the past few years because of changes in income and people having mortgage arrears, says a debt expert.Frances Walker, spokesperson for the Consumer Credit Counselling Service (CCCS), said that it is encouraging see that people are starting to pay off their debts, but in some cases it [...] Tags: complicated economy, personal debt, usa residents No Comments » more... No more cheap loans August 31st, 2009 by Financial Writer Are banks, building societies and other lenders ripping people off by charging over the odds for loans and mortgages? Figures out this week suggest they’re doing just that with margins – the difference between the cost of a loan and the charge the lender makes – at all-time highs.Unsecured personal loan rates have soared by [...] Tags: cheap loans, mortgages, uk banks, UK Finance No Comments » more... Economy shrinks less than thought August 31st, 2009 by Financial Writer The rate of contraction of the UK economy in the three months from April to June has been reduced by the Office for National Statistics (ONS).Gross domestic product (GDP) has been revised to a fall of 0.7% from 0.8% compared with the previous quarter.The year on year decline has been revised to 5.5% from 5.6%.the hedging contracts that had prevented the company from taking full advantage of the recent upswing in gold prices were hurting the company's bottom line and its share price. For many years, Barrick has engaged in hedging selling much of its production at pre-determined prices. That guaranteed a certain minimum price for its gold but prevented it from taking full advantage of rising gold prices. "The gold hedge book has been a particular concern among our shareholders and the broader market, which we believe has obscured the many positive developments within the company," Barrick CEO Aaron Regent said in a statement. "As a result of today's decision, we have addressed that concern and maintained our financial flexibility." The company announced in 2003 that it would end its hedging program within 10 years. Barrick Gold is the world's largest producer of gold. the hedging contracts that had prevented the company from taking full advantage of the recent upswing in gold prices were hurting the company's bottom line and its share price. For many years, Barrick has engaged in hedging selling much of its production at pre-determined prices. That guaranteed a certain minimum price for its gold but prevented it from taking full advantage of rising gold prices. "The gold hedge book has been a particular concern among our shareholders and the broader market, which we believe has obscured the many positive developments within the company," Barrick CEO Aaron Regent said in a statement. "As a result of today's decision, we have addressed that concern and maintained our financial flexibility." The company announced in 2003 that it would end its hedging program within 10 years. Barrick Gold is the world's largest producer program within 10 years. Barrick Gold is the world's largest producer of gold. the hedging contracts that had prevented the company from taking full advantage of the recent upswing in gold prices were hurting the company's bottom line and its share price. For many years, Barrick has engaged in hedging selling much of its production at pre-determined prices. That guaranteed a certain minimum price for its gold but prevented it from taking full advantage of rising gold prices.