Mortgage and Financial News From 2009-10-15 Page 01
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Tax Advantages of S Corporation Do Not Include Shield From Self ... - Morning Call
Q: In a recent article, you discussed choosing an S corporation versus a limited liability company (LLC) for holding real estate. While I agree with much of your response, I have to bring up a key difference between an LLC and an S corporation. An S ...
2009-10-15 10:51:00 -
BofA's Ken Lewis to get no '09 salary, bonus - Forbes
Capping a year in which he faced shareholder fury, regulatory scrutiny and was stripped of his chairman post, outgoing Bank of America Corp. CEO Ken Lewis will get no salary or bonus for 2009 under an agreement with the government's pay czar. Kenneth ...
2009-10-15 11:06:00 -
Bay State bankruptcies fall - Boston Globe
Bankruptcies, which have steadily climbed in Massachusetts over the past two years, showed an unexpected decline last quarter. The total number of bankruptcies in the state fell 8 percent in the third quarter to 5,025, down from 5,472 in the previous ...
2009-10-15 10:59:00 -
Magic numbers have unforeseen costs - Charleston Daily Mail
IT is understandable that many people do not pay nearly as much attention to political issues as they do to practical decisions that they have to make in their own lives. For one thing, they have only one vote among millions, so their influence on ...
2009-10-15 11:34:00 -
Business news briefs - Pittsburgh Post-Gazette
PPG income jumps 36% in third quarter PPG Industries' third-quarter net income jumped by 36 percent, to $159 million, or 96 cents per share, beating Wall Street estimates and leading Chairman Charles Bunch to say the chemicals, paints and glass maker ...
2009-10-15 11:34:00 -
Bank Earnings Show Shifting Landscape of Wall Street - New York Times
Earnings results from two financial giants underscored the new order taking shape on Wall Street, as its strongest banks post huge profits while other once-mighty players continue to strain under losses from souring loans. At Citigroup, which is ...
2009-10-15 10:59:00 -
10,000: Then and Now - New York Times
The Dow passed the milestone again this week. It was the 25th time since that day a decade ago. As far as we can tell Wall Street is the only place celebrating. The chasm between the Dow’s stellar performance and the dismal state of the American ...
2009-10-15 11:49:00 -
Ward 6 hopefuls tangle over temperament - Salem News
PEABODY — Incumbent City Councilor Barry Sinewitz said he strives to be an independent voice on the council. His challenger for the Ward 6 seat, Ron Sheehan, thinks that voice is "angry" and too quick to reject proposals put forth by Mayor Michael ...
2009-10-15 11:13:00 -
SEC planning action against Schwab over two bond funds - San Francisco Chronicle
Charles Schwab has received a Wells notice from the Securities and Exchange Commission stating that the SEC staff plans to recommend filing a civil enforcement against the company over two Schwab bond funds. They are Schwab YieldPlus, which was ...
2009-10-15 10:51:00 -
Investors get jitters as Citigroup fuels fears over US economy - Times Online
Citigroup managed to scrape a net profit of $101 million (£62 million) in the third quarter but it was not enough to prevent fears about the health of the American economy from sending stock markets down yesterday in an initial response. The Dow ...
2009-10-15 09:04:00 -
Guns on campus and violence prevention centers - Canada Free Press
When we talk about violence prevention on campus or workplace, we are talking about a first and second half of the endeavor. The first half has always been anticipation, or awareness. This is the alertness in situations, danger avoidance, profiling ...
2009-10-15 09:47:00 -
How Else Goldman Sachs Might Divvy Up $20 Billion: David Pauly - Bloomberg
Oct. 16 (Bloomberg) -- Lloyd Blankfein , chief executive officer of Goldman Sachs Group Inc., is in a pickle. His investment bank yesterday said it had earmarked $16.7 billion for employee bonuses, equal to $527,192 per worker, from its profit for ...
2009-10-15 07:52:00 -
Delinking Currency From Gold Has Turned Trade Partners Into Enemies - The Business Insider
A time-honored expression had it that if you owed your banker a thousand dollars, you had a problem, while if you owed your bank a million dollars, the bank had a problem. Adjusted for today’s cheaper dollars, the adage could stand reformulation ...
2009-10-15 07:31:00 -
Bankers, bonuses and the market: plus ça change - Financial Times
So what’s different? As the financial crash fades in the memory, the question most frequently asked, and infrequently answered, is how permanent will be its imprint. To my mind, the answer is obvious. Everything has changed; and, of course, nothing ...
2009-10-15 08:43:00 -
Angry Americans ask: Where's MY bailout? - Primebuzz.kcstar.com
Brian Carpenter bought his Woburn, Mass. home in 1980, and 29 years later, he has never missed a mortgage payment. It wasn’t always easy. With three kids, it meant driving old cars, clipping coupons, and brown-bagging it to work. Now, he sees ...
2009-10-15 08:21:00