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Editorial Results (free)
1. Bank of America Closes One Mortgage Lawsuit, Another Lingers
- Thursday, April 18, 2013
NEW YORK (AP) — As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head.
The bank announced Wednesday that it would pay $500 million to settle a class-action lawsuit led by pension funds and other investors who say they were misled about mortgage-backed investments they bought from Countrywide, a mortgage lender Bank of America bought in 2008. The bank portrayed the settlement as good news because it resolved the bulk of securities claims related to residential mortgage-backed securities.
2. Economist Predicts Slow Recovery
- Monday, April 25, 2011
Earlier this month, investment strategist David Kotok told National Public Radio that the hyper-partisan spending battles being waged in Washington “have nothing to do with money – it’s all a prelude to next year’s election.”
3. Market Slump Expected to Dent Profits at Big Banks
- Wednesday, July 14, 2010
NEW YORK (AP) — The bank industry's earnings winning streak may be over.
A terrible spring in the financial markets is expected to leave the nation's big banks with second-quarter earnings that fall short of their stellar results from the first three months of the year. That's bad news for companies that relied on trading profits to mask a still-miserable banking climate with high losses from failed loans and low demand for credit.
4. Fuhrman Joins Investec Realty Services
- Wednesday, June 9, 2010
Eric Fuhrman has joined Investec Realty Services. Fuhrman is a Certified Commercial Investment Member and a six-year veteran in commercial sales and leasing.
Hometown: Born in Des Plaines, Ill., a suburb of Chicago
Work Experience: One of my favorite work experiences was training police divers in underwater search and recovery with the National Academy of Police Diving. Later I worked as an estimator/project manager for a commercial construction firm and most recently transferred to Investec Realty Services after five-plus years with Crye-Leike Commercial.
Family: My wife, Joanna, is a local and we have five children – Gabe, 11; Audrey, 10; Sam, 8; Ellie, 4; and Molly, three weeks.
Favorite quote: “A man can succeed at almost anything for which he has unlimited enthusiasm,” Charles M. Schwab.
Activities you enjoy outside of work? I love running with the family. We try to hit most of the 5Ks around town. As of one week ago, I am the director of the SYS Golden Saints Track & Field Team. Go Saints!
Why did you pursue a career in real estate? I believe that God never wastes life experiences on us. This field seemed like a blend of many of my life experiences.
What do you consider your greatest professional accomplishments? Earning my designation as a Certified Commercial Investment Member was a proud moment although I feel that it is an equally great accomplishment anytime I am able to meet a need for one of my clients through a commercial real estate transaction.
What do you most enjoy about your work? I really like the team concept promoted at Investec. I couldn’t be happier to work alongside Jon Albright and tackle some of the amazing projects we have coming down the pipeline.
5. State, National Economies Take Different Paths to Healing
- Monday, May 17, 2010
Poet Robert Frost could appreciate one of the themes emerging as the U.S. economy shakes off the effects of a painful recession.
6. Banks Report Mixed Q3 Results
- Monday, October 26, 2009
The spate of third-quarter reports from banks with ties to Memphis continues this week, with Mississippi-based Cadence Bank and Trustmark next up to show how they fared between July and September.
7. Citi Shares Fall Despite Talks with Morgan Stanley
- Tuesday, January 13, 2009
NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.