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Veredus buys back stake held by Fortis Institutional-asset management firm Veredus Asset Management LLC has repurchased a 50 percent interest in the company held by Fortis Bank S.A./N.V. Bizjournals.comAsian markets mostly down despite Europe rate cuts Asian markets were mostly lower Friday as a slew of dismal U.S. economic news overshadowed big rate cuts from central banks in Europe. Oil traded near four-year lows. Japan's Nikkei 225 average slipped 6.73 points, or 0.1 percent, to 7,917.51 and markets in... San Francisco ChronicleRealNetworks, fabrication firm to lay off 296 workers Seattle's RealNetworks Inc. said Thursday it will cut 130 workers, or 8 percent of its total staff, effective Dec. 31. About 39 of the staffers to be cut are based in Seattle. Seattle Post-IntelligencerBig Island home sales, prices drop Sales of single-family homes on the Big Island fell by more than 40 percent last month, and are down by more than a third for the year, according to new statistics. Bizjournals.comKauai home sales drop, prices rise Home sales on Kauai fell by more than 40 percent last month, but prices rose for single-family homes, according to new statistics. BizJournalsAT&T to cut 12,000 jobs as economy slumps AT&T Inc. said Thursday that it will cut 12,000 jobs, or about 4 percent of its work force, as the telecom giant moves headlong into a slumping U.S. economy. (T) Bizjournals.comClaims for unemployment benefits reach 26-year high The number of people continuing to claim unemployment benefits last week reached 4.09 million, a sign that unemployed workers are having a harder time finding new jobs. HoustonChronicle.comPlan to lower mortgage rates highlights increased role of Uncle Sam in providing home loans WASHINGTON - If you're looking for a mortgage, Uncle Sam may be the only game in town.The government has already increased its share of the mortgage market to around 90 percent from around 55 percent... Big News NetworkScripps to seek buyers for Denver newspaper E.W. Scripps Co. said Thursday it will try to sell its Denver daily newspaper, The Rocky Mountain News , as well as the newspaper’s 50 percent interest in the Denver Newspaper Agency. That’s the entity that publishes both The Rocky Mountain News and the Denver Post under a joint operating agreement. (SSP) Bizjournals.comA look at economic developments around the world (AP) A look at economic developments and stock-market activity around the world Thursday: ------ BRUSSELS, Belgium -- The European Central Bank -- meeting away from Frankfurt as it does twice a year -- lowered its rate to 2.5 percent from 3.25 percent, putting it at levels last seen in March 2006. yahoo.com1 2 |
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