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Home buyers expect bargains at foreclosure auction this weekend
KSDK -- The struggling housing market is creating opportunities for home buyers. Across the country, thousands of foreclosed homes will be up for auction this weekend. Dozens of those homes are locate...
Big News Network

Mobile giants in crisis as Sony Ericsson profit alert shocks sector
Sony Ericsson plunged the mobile phone industry into crisis yesterday, issuing a disastrous profits warning as it revealed that it expected the world to buy 10 per cent fewer handsets this year. The ...
BBC

Mortgage rates near all-time low
Market watchers expect the Federal Reserve's decision to buy U.S. Treasuries will drive down mortgage rates in coming weeks, but they were already falling this week. (FRE) (FNM)
Biz Journal

Latin American Markets: Mexico surprises with 75-basis point rate cut; stocks, peso lower
Mexican equities fall, losing gains that followed the central bank's surprise decision to deliver a deeper-than-expected interest-rate cut, with policymakers citing concerns about deteriorating economic growth as reason for the surprise move.
Market Watch

Colorado's expected budget shortfall grows to $1.4B
Colorado's expected shortfall grew Friday by $400 million, to $1.4 billion, for this year and next year's budgets, according to a forecast by economists at the nonpartisan Colorado Legislative Council.
Biz Journal

OC Register says more layoffs expected
The Orange County Register says it plans to layoff more employees in the coming weeks and will implement a mandatory five-day furlough to help cut costs. Publisher Terry Horne made the announcement Friday but didn't specify how many people would be affected....
SF Gate

Macroeconomic outlook weakens; commodities down
Last Monday, the Institute of Supply Management's manufacturing index increased to 35.8 in February from 35.6 in January. The consensus had expected a decline to 33.8, but keep in mind that any reading below 50 signals a market in contraction. At any rate, the output components of the overall .
Purchasing

The Week Ahead Asia-Pacific: Japan Trade Balance and CPI, New Zealand GDP
(CEP News) - Markets will watch Japan's trade balance next week for confirmation of further record plunges in exports for the world's second-largest economy. Later in the week Japanese inflation results will be released. In New Zealand, fourth quarter GDP is expected post dismal results.
Economic News

U.S. Preview: Existing Home Sales` Decline to Slow
(CEP News) - The National Association of Realtors' existing home sales report is expected to show declines in U.S. home sales abating slightly in February.
Economic News

American Chemical convention opens Sunday
Salt Lake City will resound with talk of chemistry and nanotechnology starting Sunday when 11,000 scientists are expected to congregate here for the 237th National Meeting & Exhibition of the american Chemical Society.
The Salt Lake Tribune

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