Monthly Archives: February 2016

HOUSING ROBUSTNESS

On Feb. 22, there was upbeat news from the housing market. U.S. home resales rebounded strongly in September. The National Association of Realtors said existing home sales increased 4.7 percent to an annual rate of $5.55 million units last month, … Continue reading

Posted in Uncategorized | Leave a comment

Death of the Insurance Salesman at MetLife

The nation’s largest life insurer, MetLife, is currently in talks with the Massachusetts Mutual Life Insurance Co. about a possible sale the company’s U.S. adviser force, MetLife Premier Client Group. The group consists of about 4,000 sales people and mostly … Continue reading

Posted in Uncategorized | Leave a comment

Holiday Slump Spurs Retail Rethink

Last year’s disappointing holiday results for the retail sector is encouraging the industry’s executives to rethink their strategies in much more conservative ways. The executives are considering changing their business plans either shrinking their stores or re-budgeting their cost of … Continue reading

Posted in Uncategorized | Leave a comment

China Central Bank Chief: No Reason for Yuan to Fall Persistently

Before the Friday evening meeting with the finance chiefs of the Group of 20 major economies, Zhou Xiaochuan, the governor of the People’s Bank of China, exclaimed that Beijing won’t drastically weaken the Chinese currency. This is because the People’s … Continue reading

Posted in Uncategorized | Leave a comment

Goldman Labors to Sell Bond Deal

On Feburary 26th, it was reported that Goldman Sachs Group Inc. is struggling to sell $2 billion in bonds backing the buyout of software firm Solera Holdings Inc. Solera’s sale to Vista Equity Partners was one of the biggest leveraged … Continue reading

Posted in Uncategorized | Leave a comment

Last Stop for Oil Before Swimming Pools: Railcars

As a result of the oversupply of crude oil, in addition to lagging demand, there is a shortage of space to store the product. However, traders have begun experimenting with a new method of storage: empty railcars. Ultralow oil prices … Continue reading

Posted in Uncategorized | Leave a comment

Apple Strikes Back, Reject’s Court Order for iPhone Access

In an ongoing legal dispute between Apple and the United States Federal Bureau of Investigation, the tech giant rejected a California court’s order for Apple to allow access to shooter Rizwan Farook’s iPhone. Apple argued that the court order is … Continue reading

Posted in Corporate News | Leave a comment