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Progress Energy to sell shares - Triangle Business Journal
Progress Energy will refinance some of its short-term debt by selling stock in a registered public offering. Progress (NYSE: PGN), based in Raleigh, plans to sell about 11.5 million shares of its common stock. The offer also gives underwriters an ...

US set for further mortgage rates fall - Financial Times
US mortgage activity slipped last week, however mortgage rates for home owners are on track to fall much further as the Federal Reserve implements its plan to buy securities. The latest weekly data from the Mortgage Bankers Association on Wednesday ...

U.S. Stock Futures Drop on Earnings Concern; Alcoa Declines - Bloomberg
Jan. 7 (Bloomberg) -- U.S. stock-index futures fell as concern corporate earnings will slump overshadowed speculation President-elect Barack Obama ’s package of tax cuts and government spending will revive the economy. Alcoa Inc. slid 5.2 percent ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Main Street versus Wall Street. Socialism versus Capitalism. The virtues of a $700 billion rescue package for banks. It all boils down to the ...

Commercial properties face bursting bubble - The Money Times
Washington -- Rising vacancy rates in U.S. office buildings are pointing to a possibility that a commercial real estate bubble could burst, industry observes said. Vacancy rates have reached 10 percent and are rising quickly in major U.S. cities, The ...

Rising vacancies in office buildings may imperil lenders - Dallas Morning News
Vacancy rates in office buildings exceed 10 percent in virtually every major U.S. city and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and businesses ...

Treasury considering more financial rescues - Cincinnati.com
WASHINGTON - The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions. The financial lifeline thrown to Citigroup Inc. in late November involved backing billions in risky ...

U.S. commercial property in a downward spiral - International Herald Tribune
NEW YORK : Vacancy rates in office buildings exceed 10 percent in virtually every major city across the United States and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for the beleaguered financial ...

UPI NewsTrack Business - United Press International
NEW YORK, Jan. 5 (UPI) -- U.S. stock indexes headed lower early Monday on concern of lower profits and a continued slide in automobile sales. Monthly vehicle sales numbers were due out later in the day. In midmorning trading, the Dow Jones industrial ...

GE Capital Raises $10 Billion in Biggest Sale of FDIC Notes - Bloomberg
Jan. 6 (Bloomberg) -- GE Capital Corp. , the lending arm of General Electric Co., raised $10 billion in the biggest offering of debt backed by the Federal Deposit Insurance Corp. The sale included $2 billion of two-year fixed-rate notes and $4.5 ...

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