California’s revenue in February was $480 million or 8.7 percent above the estimate in Governor Arnold Schwarzenegger’s state budget plan, so tax refunds should be paid on time, State Controller John Chiang said on Wednesday.
There had been some talk in the state capital of Sacramento that tax refunds could be delayed, as they were temporarily [...]
Archive for the ‘hard money lender’ Category
California revenue jumps, tax refunds should be paid on time
March 11th, 2010 by HardMoney Writer
Tags: recession, sacramento, tax, tax refunds, wall street
more...Regulators tell banks to restrict dividends, buybacks: report
March 10th, 2010 by HardMoney Writer
Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
Executives at JPMorgan Chase & Co (JPM.N) and Goldman Sachs Group (GS.N) have talked in public and to [...]
Tags: banks, buybacks, credit crisis, economic, financial industry, shareholders, us regulators
AIG raising more cash to reimburse taxpayers
March 8th, 2010 by HardMoney Writer
American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid.
In the deal announced Monday, MetLife will pay $6.8 billion in cash, and the rest in stock and equity units.
The cash portion of the sale [...]
Tags: aig, american international group, business, Federal Reserve, taxpayers
Fed emergency loans decline in most recent week
March 5th, 2010 by HardMoney Writer
Banks borrowed less from the Federal Reserve’s emergency lending program over the past week, providing further evidence that strains in the private credit markets are easing.
The Fed reported that daily borrowing from its emergency loan program averaged $13.77 billion for the week that ended Wednesday. That was down from average borrowing of $13.96 billion in [...]
Tags: banks borrowed, borrowing, central bank's, fed, federal reserve's, financial crisis, interest rate, lending
January spending increases but income growth slows
March 1st, 2010 by HardMoney Writer
Personal spending jumped by a larger amount than expected in January but Americans’ incomes barely budged. The weak income growth could depress spending in the months ahead, acting as a further drag on the fragile economic recovery.
The Commerce Department said that personal spending rose by 0.5 percent in January, slightly better than expected. But incomes [...]
Tags: americans' incomes, commerce department, economic recovery, personal spending
U.S. economic growth revised up on inventories
February 26th, 2010 by HardMoney Writer
The U.S. economy grew faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report showed on Friday.
In its second reading of fourth-quarter gross domestic product, the Commerce Department said the economy grew at a 5.9 percent annual rate, rather than the [...]
Tags: business investment, businesses, commerce department, economy grew, inventories, US Economy
Leading indicators rise 0.3 pct in January
February 18th, 2010 by HardMoney Writer
A forecast of future economic activity rose for a 10th straight month in January, but the pace of growth is slowing.
The index of leading economic indicators rose 0.3 percent last month, according to Thursday’s report from the Conference Board, a private research group. That’s weaker than a 1.2 percent rise in December and a 1.1 [...]
Tags: economic activity, economic recovery, leading economic, leading indicators, stock market
Stocks rise on upbeat earnings, economic reports
February 17th, 2010 by HardMoney Writer
Upbeat earnings from Deere & Co. and a better-than-expected housing report are sending stocks modestly higher in early trading.
Overseas markets are also rising Wednesday following improved earnings in Europe from companies including French bank BNP Paribas.
The report on housing construction and Deere’s results should keep traders focused on the U.S. economy for at least another [...]
Tags: bank lending, Dow Jones Industrial, housing market, investors, stocks rise, US Economy
Wall St. Slips but Ends Week With Gains
February 13th, 2010 by HardMoney Writer
Stocks were mostly lower Friday as a move by China to curb bank lending and economic data in the United States and Europe raised fears that the global recovery might be in jeopardy.
Even so, Wall Street stocks ended off the day’s lows as investors bet that the European Union would devise a clear plan to [...]
Tags: business inventories, euro zone, european union, Financial Markets, global recovery, stocks, wall street
Bank files against Jay Miller
December 18th, 2009 by HardMoney Writer
Heritage Oaks Bank has joined the list of creditors who say that now bankrupt former North County lender Jay Hurst Miller owes them money, according to a recent filing with the U.S. Bankruptcy Court in Santa Barbara.
In the filing, bank Executive Vice President William Raver declared that Heritage Oaks made a $250,000 personal loan to [...]
Tags: bankrupt, borrower, hard money, hard money lender, lender, loan, money, real estate