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Regulators Tangle With Think Tank Over Fla. Market Picture A conservative think tank report challenging regulators’ picture of the Florida home insurance market is out of focus, according to the Florida Office of Insurance Regulation. OIR was responding to the Washington-based Competitive Enterprise Institute, which challenged the import of numbers reported by the OIR. The CEI had stated that the agency’s ... Insurance HeadlinesReport: Hotel occupancy to rise in 2Q 2010 Houston hotels can expect a higher demand for rooms starting in the second quarter of 2010, according to a newly released report by PKF Hospitality Research. Biz JournalFuture in A$2.4bn Telstra share sale Australia's sovereign wealth fund is to offload a stake in Telstra, the country's leading telecoms group, to diversify its portfolio, according to people familiar with the matter FTApple, Palm and the `No-Poaching` Non-Agreement When Apple CEO Steve Jobs suggested to Palm that the two companies refrain from hiring away each other's top employees, as reported by Bloomberg, was he committing an illegal act? Or will he skate by because Palm CEO Ed Colligan rejected the proposal, so nothing really happened? The incident occurred two years ago, shortly after Palm had hired former Apple executive Jon Rubinstein, according to a report. E-Commerce TimesJobless rates up in Phoenix, statewide Arizona's unemployment rate was 9.2 percent for July, up from 8.7 percent in June and 5.7 percent a year earlier, according to figures released Thursday by the Arizona Department of Commerce. Biz JournalEvolving Mortgage Market Helps Lenders Profit According to the Mortgage Bankers Association's (MBA) Annual Mortgage Bankers Performance Report (formerly the MBA Cost Study series) the average loan written in the second half of 2008 brought in a modest profit of $184 or 8.75 basis points compared to net losses of $50 in 2006 and $560 in 2007. This was in spite of lower net warehousing income and higher production operating expenses. MBA pointed out that the many firms that left the market in the past two years may have driven an increase in profitability for the survivors....(read more) Mortgage News DailyFreddie Mac: Average Weekly Rates Hit 3-Month Low Mortgage rates dropped significantly during the week ending August 20 according to the results of the Primary Mortgage Market Survey released this morning by Freddie Mac and an earlier release for the week ended August 14 from Fannie Mae. ...(read more) Mortgage News DailyGerman economic recovery powers ahead - Financial Times US Private sector activity in Europe's largest economy expanded at the fastest rate for 15 months, lifting the overall eurozone economy's performance, according to a closely-watched survey NewsRackUPDATE 1-KKR`s Dollar General files for IPO NEW YORK, Aug 20 (Reuters) - Discount retailer Dollar General Corp, backed by powerful private equity firm Kohlberg Kravis Roberts & Co [KKR.UL], filed for an initial public offering of up to $750 million on Thursday, according to a regulatory filing. ReutersIllinois jobless rate hits 10.4% The Illinois seasonally adjusted statewide unemployment rate for July is 10.4 percent, up 0.1 percent over June, according to figures released Thursday by the Illinois Department of Employment Security. Biz Journal1 2 3 4 5 |
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