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First Bank of Beverly Hills closed by regulators
SAN FRANCISCO (MarketWatch) -- Calabasas, Ca.-based First Bank of Beverly Hills became the third bank closed by regulators Friday and the 28th U.S. bank failure of the year. The Federal Deposit Insurance Corp. said it will mail checks to insured depositors at the failed bank on Monday. First Bank of Beverly Hills had $1.5 billion in assets as of Dec. 31, the FDIC said, and $1 billion in deposits. The FDIC estimated the bank had $179,000 in uninsured deposits. The FDIC said, 'an assuming institution could not be located' for the failed bank's deposits and assets. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Michigan Heritage Bank fails; 27th of year
SAN FRANCISCO (MarketWatch) -- Michigan Heritage Bank of Farmington Hills, Mich. was closed by the Michigan Office of Financial and Insurance Regulation, according to the Federal Deposit Insurance Corporation Friday, making Michigan Heritage the 27th bank failure of 2009, and the 52nd of the recession. Level One Bank of Farmington Hills, Mich. will assume all of the deposits, except $50 million in brokered deposits held by Michigan Heritage. As of Dec. 31, Michigan Heritage had total assets of about $184.6 million and total deposits of $151.7 million. Earlier in the day, american Southern Bank of Kennesaw, Ga. became the 26th bank of 2009 to fail.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

No honour among pirates
The desire to deck today's Indian Ocean pirates out with an ethical system is strong in some quarters. But guff about their 'code of conduct' will be short-lived, writes Christopher Caldwell
FT

Apple to cut short 1,600 employees
While the second quarter earning turned out way beyond what analysts had anticipated, Apple is going to reduce its number of employees. The number may be around 1,600 employees. Of course Apple wouldn’t be carried away by the successful quarter and definitely feels the recession pinching it. While the number may be small compared to others, it still shows that employees are safe nowhere.---Related Articles at Startup Meme:ClickPass embeds Google, Hotmail, Yahoo and Facebook into its OpenID.12seconds- a micro video messaging service or call it a true “twitter video”
Startup Meme

Short-term options speculators keep coasting to the bears` lair
In last week's edition of Trading Tools, we examined commodities concern McMoRan Exploration Co...(Read More)
Schaeffersresearch.com

Short-Selling Falls at NYSE, Nasdaq
Short-selling declined at the New York Stock Exchange and the Nasdaq Stock Market in the first half of April.
Wall Street Journal

Real Estate Weekly: Distressed properties selling like hot cakes
Distressed properties in Phoenix, Ft. Myers/Naples, Fla., Las Vegas, Southern California, and Sacramento, Calif., spent 20% fewer days on the market in the first quarter compared with the first quarter of 2008, according to a recent report from ZipRealty. Distressed properties include foreclosures and short sales.
Market Watch

Finance leaders pledge to work to end recession
Finance officials from the world's top economic powers pledged on Friday to cooperate on efforts to lift nations out of the worst recession since the 1930s. The major goal: Get banks in every country to start lending again. 'We are committed to act together... Presented By:You Need the Speed of Norton 2009Introducing the revolutionary Norton Internet Security 2009. With a one-click, one-minute install, under 7MB of memory usage and fewer, shorter scans, it?s the fastest security suite anywhere. Get your FREE trial today!Click to Learn More www.norton.com/speed Ads by Pheedo
SF Gate

Can a Forex Trading System Work?
The short answer is absolutely. In fact, many top forex traders use a forex trading system, whether they invented it themselves, or care to admit it. This article will talk about how can a forex trading system work.
E-Zine

Stocks to Look at for Friday, April 24
These are some stocks that have been tagged by users over at StockTickr: INGN: INTROGEN THERAPEUTICS INC Outlook: Short Industry: Drug Related Products New low on 36.35 times average volume: 2,035,531 vs. 56,000 (tags: short, New Low on Huge Volume) LMNX: LUMINEX CORPORATION Outlook: Long Industry: Medical Instruments Supls New high on 4.68 times average volume: 1,323,724 vs. 283,117 (tags: long, New High on Huge [...]
Deep Market

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