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North American Shares Gain - Forbes
Stocks in North America posted modest gains Thursday, following steeper rallies in Europe and Asia as Western Hempishere investors outside the United States digested developments that might signal an end to the recent downturn. Americans took the day ...

Exelon's pursuit of NRG could cost billions more - Chicago Tribune
A revised bid to acquire power-plant company NRG Energy Inc. could be much more expensive for Exelon Corp. , the Chicago-based parent of Commonwealth Edison, whose $6.1 billion all-stock offer was rebuffed Sunday. Exelon also would need cooperation ...

Sirius-XM: A Long, Challenging Road Ahead - BusinessWeek
Mel Karmazin sounds an upbeat tone for a chief executive whose company, Sirius XM ( SIRI ), just announced an almost $5 billion loss. During a Nov. 10 conference call discussing third-quarter results, Karmazin called the company's performance ...

FTSE falls sharply as earnings worries grow - Financial Times
Man Group , the hedge fund manager, dropped to a three-year low as the market surrendered the hard-won gains of the past two sessions. Shares in Man dropped 1.7 per cent to 248p after Morgan Stanley cut its target price to 260p because of concerns ...

NRG Energy Rejects Exelon's $6.2 Billion Offer - Wall Street Journal
Power generator NRG Energy Inc. rejected a $6.2 billion buyout offer from Chicago-based Exelon Corp., saying the price "manifestly undervalues" NRG. NRG also expressed doubts about whether Exelon could finance the transaction. In an unsolicited bid ...

Coastland Center owner in financial trouble - Naples Daily News
The owner of Coastland Center mall is facing financial woes and may be forced to file for bankruptcy. In a filing with the U.S. Securities and Exchange Commission earlier this week, Chicago-based General Growth Properties Inc. said it has about $958 ...

Firstwatch: What's ahead in the news today - Milwaukee Journal Sentinel
There was the thrill of selection, the agony of its top snapping off after it was cut down, the humiliation of it being joked about on cable news. Today the 45-foot Colorado blue spruce will finally get to serve its purpose. Milwaukee County ...

So what's wrong with socialism? - Arizona Daily Sun
So what's wrong with socialism? Our municipal water system in Flagstaff is socialism at work and working quite well. We'd certainly be better off if our gas and electrical systems were run by a government agency rather than corporate capitalists who ...

EPCOR Power L.P. reports fourth quarter and year-end results - CNW Group
EDMONTON, March 6 /CNW/ - (TSX: EP.UN) - EPCOR Power Services Ltd., the general partner of EPCOR Power L.P. (the Partnership), today released the Partnership's quarterly and year-end results for the period ended December 31, 2007. "Financial ...

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Today's Mortgage Terms starting with B

  • Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
  • Bearer: The legal owner of a property.
  • Bill of Sale: A document that details the transfer of property.
  • Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
  • Blanket Mortgage: A mortgage that includes more than one piece of real estate
  • Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
  • Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
  • Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
  • Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.

    View all Terms
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