Black and White Program

Posts from November 2012

Banks’ employment is up due to mortgage processing

November 26th, 2012 by Steven Barnes | Report

The last U.S. economic recession beginning in late 2007 – its nucleus rooted in sub-prime problematic loans – hit the mortgage department of banks hard, forcing thousands of layoffs. Banks essentially quit lending for a period of 12-18 months by some estimates and demand for mortgage processors was almost nonexistent. That’s about to change as […]

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Housing recovery is on track but fiscal cliff fears may kill it off

November 20th, 2012 by John Eastman | Report

Home sales in the U.S. rose 2.1 percent in the month of October, according to the National Association of Realtors. The increase is a seasonally adjusted annual rate of 4.79 million units. Hurricane Sandy had little effect on the October housing numbers, as it did not hit the U.S. east coast until late October. Analysts […]

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Starbucks expands its footprint yet again

November 16th, 2012 by Black and White Program Staff | Report

Starbucks is into tea, and sees its growth and profits linked to it. So much so that the coffee giant has announced plans to purchase Teavana $TEA, in a deal that is reportedly the biggest acquisition they have ever done. At $15.50 a share, the purchase totals $620 million in cash, over 50% of Teavana’s […]

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Chinese investment into the U.S. is reportedly on the rise

November 7th, 2012 by Steven Barnes | Report

Despite the bashing by U.S. election candidates regarding China on matters of currency manipulation, claims of U.S. job losses, patent infringement, and product dumping; Chinese investment into the U.S. is reportedly on the rise. At least according to Rhodium Group, a New York consulting firm that tracks Chinese outward investment who reports that firms from […]

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Warren Buffet delivers again

November 6th, 2012 by John Eastman | Report

Berkshire Hathaway Inc. disclosed that its profit climbed 72% in the third quarter as its holdings in derivatives helped boost its performance. Financial reports indicate that Net Income rose to $3.9 billion, up from $2.28 billion. Operating earnings were $2,057 a share. Berkshire has been busy making various acquisitions; some of which have helped contribute […]

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Ford Motor Company reports profits amid declining market share findings

November 2nd, 2012 by Kyle Rankin | Report

Ford Motor Company has been busy of late. The company has been strengthening its financial capabilities and reach, implementing a companywide cost and labor reduction plan, and cleaning up its problems with its European operations. Lastly, company management has been busy making money, albeit with a worrisome decline of auto sales.The company reported third-quarter earnings […]

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Why Netflix will never be the same

November 2nd, 2012 by Steven Barnes | Report

Investor Carl Icahn invested over $168 million into Netflix stock, forever altering the landscape and potential independence of the video streaming and movie rental company. His actions essentially put the company into play and inspired significant volume in trading of the company’s stock on the markets. Icahn’s purchase represented approximately 5.54 million shares. Potential suitors […]

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