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LyondellBasell remains in talks with creditors - Marketwatch
NEW YORK (MarketWatch) -- LyondellBasell remains in talks with creditors, a spokeswoman for the chemical giant said Tuesday, amid fresh reports that a Chapter 11 bankruptcy filing may be in the offing. LyondellBasell spokeswoman Susan Moore told ...

National Business Briefs 1/3 - Daily Herald
HOUSTON -- Exactly one year after crude eclipsed $100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-ago levels, and some believe oil could be headed even lower. Oil markets kicked off the new year with ...

IRS agents soften heart for delinquent taxpayers - Yahoo News
Play Video Tax Season Video: Ky. lawmakers begin 2009 legislative season WHAS TV11 Louisville Play Video Tax Season Video: Obama stimulus plan slammed by Houston expert 11 News Houston Play Video Tax Season Video: Onorato: I Won't Raise Property ...

Economy and Ike were painful 1-2 punch - Houston Chronicle
It seemed a little too good to be true. When the subprime mortgage industry blew up and red-hot housing markets around the country went into a tailspin, Houston’s real estate market was weathering the storm. Home sales began to slow here in 2007 ...

Fyi: Business - Tulsa World
The number of drilling units actively exploring for oil or gas in Oklahoma held steady at 159 this week, Baker Hughes Inc. reported Friday. The net rig count is 19 percent below the year-ago level, which was 197. Meanwhile, the nationwide number of ...

Madoff, SocGen, Sun Pharma, Axel Springer, Apple in Court News - Bloomberg
Jan. 8 (Bloomberg) -- Bernard Madoff should remain free on bail because he didn’t intentionally violate a judge’s order when he mailed jewelry including a diamond bracelet and watches to relatives and friends, his lawyer told a judge in a court ...

Sunday Q&A: On call for your legal queries - Houston Chronicle
Travis Sales, president of the Houston Bar Association, volunteers at LegalLine roughly three times a year. LegalLine offers free legal advice on selected days of each month in English, Spanish or Vietnamese. Up to 250 calls may be received in an ...

Vacancies in office buildings rise faster - Seattle Times
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country 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 ...

LyondellBasell units file for bankruptcy - Marketwatch
SAN FRANCISCO (MarketWatch) -- Troubled chemical giant LyondellBasell Industries said late Tuesday its U.S. units and one European unit voluntarily sought Chapter 11 bankruptcy protection to shield themselves from creditors while they restructure ...

Office vacancies loom as problem - Boston Globe
Vacancy rates in office buildings exceed 10 percent in virtually every major US 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 ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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