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Triad homes sales drop almost 30 percent
Sales of new and existing homes in the Triad fell 28 percent in October, while the average price took a smaller drop of 4 percent.
Bizjournals.com

Fed throws fresh lifeline to stressed households
WASHINGTON (Reuters) - The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards.
Reuters

AIG to cut executive payments
US insurance giant, American International Group, has announced it will cut executive pay.
Big News Network

Tell us how you`ll shake off your financial blues this holiday
MarketWatch wants to know if you're tightening your belts this holiday and why. Let us know too what you will do the keep joy alive in your homes and families.
MarketWatch.com

Government announces new loan programs
WASHINGTON (AP) -- The government, still struggling to manage a severe financial crisis, unveiled two new programs Tuesday that will provide $800 billion to try to help unfreeze the market for consumer debt from home mortgages to credit cards....
The Arizona Republic

U.S. home sales drop in October
Existing-home sales nationwide fell 3.1 percent in October from September, according to the National Association of Realtors. (FNM)
Bizjournals.com

U.S. consumers cut spending by the most in 28 years
The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying.
HoustonChronicle.com

UPDATE 1-Australia`s QBE to buy ZC Sterling for $575 mln
SYDNEY, Nov 26 (Reuters) - QBE Insurance Group Ltd, Australia's top insurer by premium income, will buyU.S.-based underwriting agency ZC Sterling Corp for $575million, part funded by a $1.3 billion equity raising, and hasupped its 2008 revenue growth target.
Reuters

U.S. housing market worsens
Buyers shunned the housing market in September and sellers were forced to lower prices again, contributing to the biggest annual decline in home values in more than two decades.
International Herald Tribune

Australia`s QBE to buy ZC Sterling for $575 mln
SYDNEY, Nov 26 (Reuters) - QBE Insurance Group Ltd, Australia's top insurer by premium income, agreed toacquire U.S.-based underwriting agency ZC Sterling Corp for$575 million, QBE said in a statement on Wednesday.
Reuters

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Archived "business - home insurance" news stories.

Available news archives.

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September 2009
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