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Home Lending Tumbles

An analysis of second-quarter data by MortgageDaily.com indicates that industry-wide volume declined around 19 percent from the first quarter. Compared to the second-quarter 2010, volume was down 20 percent. Wells Fargo & Co. ranked as the biggest mortgage lender. View full post on Mortgage Stories

Saltchuk Resources & Interstate Distributor: In for the long haul

Interstate Distributor Co. was in trouble. View full post on Business Stories

Heartland Bank partners with McBride on mortgage arm

Heartland Bank has formed a new joint venture with McBride & Son Homes to offer home mortgages. View full post on Business Stories

AT&T deal spotights demand for corporate debt

Looking for a loan? If you’re a company with a decent investment grade rating, you’re in luck. View full post on Business Stories

S&P says CityCenter finances ‘challenged,’ notes negative outlook

Standard & Poor’s Ratings Services today said its outlook on the finances of CityCenter is negative as the $8.5 billion complex continues to struggle with a slow ramp-up period tied to the recession. View full post on Business Stories

Liaison Technologies Selected by TraceLink, Inc.

ATLANTA & WOBURN, Mass.–(BUSINESS WIRE)–Liaison Technologies, provider of cloud-based integration and data management services and solutions, announced that TraceLink, Inc., has selected Contivo. View full post on Press Release – Retail Stories

A&P shares plunge on bankruptcy speculation

SAN FRANCISCO (MarketWatch) — Shares of Great Atlantic & Pacific Tea Co. , parent of the money-losing A&P supermarket chain, plunged 62% to $1.08 in Friday morning trading. Bloomberg reported the New Jersey-based supermarket operator may soon file for bankruptcy. Executives at A&P had said Oct. 22 they were several weeks away from inking a [...]

Southern Wine & Spirits of Indiana Establishes New Prestige Division

MIAMI–(BUSINESS WIRE)–Gerald Rivero, Jr., Executive Vice President, General Manager of Southern Wine & Spirits of Indiana (SWS-IN), a division of Southern Wine & Spirits of America, Inc., today announced the appointment of Art Salvi as Vice President, General Sales Manager of the newly-established Prestige Sales Division. The Prestige Division, with Pernod-Ricard USA as its initial [...]

Citi Settles With Wells for Far Less than $60 Billion Sought

Wells Fargo & Co. will pay $100 million to Citigroup Inc. to resolve all claims in a dispute over Wells Fargo’s acquisition of Wachovia Corp., the banks said in a joint statement. The settlement is far less than the more than $60 billion in damages Citi initially sought when it accused Wells Fargo of interfering [...]

Chase Freezes Some Foreclosures

A spokesman for JPMorgan Chase & Co. said that the bank’s Chase unit is stopping some foreclosures. He explained that the move was being made to review how employees in its mortgage-foreclosure operations sign affidavits about loan documents. In some cases, employees “may have signed affidavits about loan documents on the basis of file reviews [...]