Archive for Legal/Finance

Mortgage Rates Tie Record Low

Nov 30, 2012 No Comments

NEW YORK, Nov. 30, 2012 /PRNewswire/ — It was a mixed week for mortgage rates, with fixed mortgage rates trickling lower, while adjustable rate loans bounced higher. The benchmark 30-year fixed mortgage rate tied the record low of 3.52 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of [...]

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Is The Economy Feeling The Holiday Spirit?

Nov 27, 2012 No Comments

PITTSBURGH, Nov. 27, 2012 /PRNewswire/ – An improving economy coupled with a severe drought that caused increased feed costs for large birds generated a 4.8 percent surge in the 2012 PNC Christmas Price Index®, the whimsical economic analysis by PNC Wealth Management. Based on the gifts in the holiday classic, “The Twelve Days of Christmas,” the [...]

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Mortgage Rates Hover Near Record Lows

Nov 23, 2012 No Comments

NEW YORK, Nov. 23, 2012 /PRNewswire/ — Mortgage rates continue to hover near record-low territory. The average 30-year fixed mortgage rate fell one basis point over the past week to 3.53 percent, according to Bankrate.com’s (NYSE: RATE) weekly national survey. That is just one basis point higher than the record low that was set in [...]

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Economy Posts Gains, but Fiscal Uncertainty Poses Significant Challenges to Outlook

Nov 22, 2012 No Comments

WASHINGTON, Nov. 22, 2012 /PRNewswire/ — Economic activity accelerated in the third quarter, but data continue to show a sluggish recovery overall, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. Since its low point in 2009, U.S. gross domestic product has climbed 7.2 percent, compared with an average growth of 16 percent for [...]

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Physician Income Up Slightly in 2012, Risk of Fiscal Cliff Poses Worrying Signs

Nov 21, 2012 No Comments

NORWALK, Conn., Nov. 21, 2012 /PRNewswire/ — Physician income increased modestly in 2012, with slightly higher percentages of doctors reporting incomes in the highest brackets, according to Physicians Practice’s 2012 Physician Compensation Survey. Yet doctors also report higher practice overhead; consequently, physicians are more likely to say that their personal income is down this year [...]

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Consumer Reports Reveals Annual Naughty & Nice List

Nov 19, 2012 No Comments

NEW YORK, NY Nov. 19, 2012 /PRNewswire/ — The Deloitte Consumer Spending Index (Index) rose sharply in October, primarily due to the second consecutive and significant increase in new home prices. The Index tracks consumer cash flow as an indicator of future consumer spending[i]. “The housing market appears to be recovering after bottoming out, while [...]

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Bank of the West Extends Sponsorship of Pac-12 Conference

Nov 19, 2012 No Comments

SAN FRANCISCO, CA /PRNewswire/ – Bank of the West today announced it has extended its sponsorship of the Pac-12 Conference for two years, maintaining its position as an official sponsor and the official banking partner of the Conference. The bank has been a Pac-12 sponsor since 2010. Along with public engagement through on-site branding, experiential marketing and social [...]

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Deloitte Consumer Spending Index Moves Up Sharply in October

Nov 19, 2012 No Comments

NEW YORK, NY Nov. 19, 2012 /PRNewswire/ — The Deloitte Consumer Spending Index (Index) rose sharply in October, primarily due to the second consecutive and significant increase in new home prices. The Index tracks consumer cash flow as an indicator of future consumer spending[i]. “The housing market appears to be recovering after bottoming out, while [...]

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Hostess Brands to Wind Down Company After Union Strike Cripples Operations

Nov 16, 2012 No Comments

IRVING, TX – Nov. 16, 2012 /PRNewswire/ — Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to  close its business and sell its assets, including its iconic brands and facilities. Bakery operations have been suspended at all plants. Delivery of [...]

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Caution Lingering Among Long-Term Investors Four Years After 2008 Financial Crisis

Nov 14, 2012 No Comments

BALTIMORE, Nov. 14, 2012 /PRNewswire/ –Four years after the 2008 global financial crisis, the onset of a severe economic recession, and ongoing market turbulence, a lack of faith in equity investing appears to be lingering, even for long-term investors who say that saving for retirement is their top financial priority.  In an online survey of [...]

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Americans’ Positive Housing Sentiment Continues Steady Climb

Nov 08, 2012 No Comments

WASHINGTON, Nov. 8, 2012 /PRNewswire/ – Americans continue to show growing confidence in home price increases over the next 12 months, providing further indications of a slow but steady housing recovery, according to results from Fannie Mae’s October 2012 National Housing Survey. Taken together with rental price expectations, which surged in October and remain much higher [...]

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Welty, Ruiz to be Recognized at CVBI Event

Oct 05, 2012 No Comments

CLOVIS, Calif. (Oct. 5, 2012) – On Wednesday, Oct. 10 at the Central Valley Stock Exchange, Central Valley Business Incubator will celebrate the legacy and accomplishments of two valley leaders: Fred Ruiz, Founder and Chairman Emeritus of Ruiz Foods, Inc., and Dr. John D. Welty, President, California State University, Fresno. The Perpetual John D. Welty [...]

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