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Visteon warned it could be delisted from NYSE - Crain's Detroit Business
Van Buren Township-based auto supplier Visteon Corp . will be removed from the New York Stock Exchange in about six months if its stock price doesn’t return to at least $1 per share. Visteon (NYSE: VC) was notified by NYSE on Nov. 14 that it had ...

Ask AP: Presidential birthplaces, flex-fuel cars - Seattle Post Intelligencer
Martin Van Buren, the 8th President of the United States, is seen in this undated photo. A reader-submitted question about U.S. Presidents born on foreign soil is being answered as part of an Associated Press Q&A column called "Ask AP". For the ...

Earnings roundup: Merrill Lynch, Nucor - Forbes
NEW YORK (AP) - Investment bank Merrill Lynch & Co. said Thursday its third-quarter loss widened as it took more than $12 billion in charges and write-downs tied to the sale of mortgage investments and fallout from the continued credit crisis ...

Niagara County Real Estate Transactions - Buffalo News
• Lockport-Junction Road, Marjorie S. Nelson to County of Niagara, $180,000. • Thrall Road, Marilyn Rockwood; Robert E. Rockwood to Joseph Critelli, $45,000. • East Ave. & Howard, Jimmy Chebat; Amy Chebat to Robert A. Pauly; Dylan A. Pauly ...

West Loop office building goes for less than sellers paid - Crain's Chicago Business
(Crain’s) — A group of investors advised by the investment management arm of Grubb & Ellis Co. has finally agreed to sell 525 W. Van Buren St., a mid-rise office building on the edge of the West Loop, for $130 million — $6 million less than ...

Will Vrdolyak ties hurt developer? - Chicago Sun-Times
Chicago developer Bill Smith has had as much of an impact on State Street as anybody since Marshall Field and Potter Palmer. His hard-driving deal-making combined with a preference for good architecture made him a favorite for City Hall- brokered ...

The 10 worst presidents to have held office - The Times US ... - Times Online
A poll of American historians recently selected Buchanan’s failure to prevent the American Civil War as the greatest single mistake made by any president and our panel agree that he was the worst ever President. Despite being a northern man ...

Economy slows city's development, but Gordon optimistic - AZCentral.com
Mayor Phil Gordon's annual speech Thursday on downtown Phoenix was carefully staged to spotlight blockbuster city projects, but the shaky economy stole the show. The mayor spoke at a $350 million city-financed hotel that opened Sept. 30. Afterward ...

Bank sues Brewers Hill developer - Milwaukee Journal Sentinel
Wauwatosa Savings Bank has filed nine foreclosures seeking nearly $11 million from Timothy J. Olson, a landlord and developer, who less than a month ago narrowly won approval from the Milwaukee Common Council to build a commercial, apartment and ...

An Obama presidency: Good, bad news for technology - CNET News
When Barack Obama becomes president in January with a strongly Democratic Congress, he'll have the chance to push a technology policy that relies more on government subsidy and regulation than that of his immediate predecessor. In Washington and ...

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Today's Mortgage Terms starting with B

  • Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
  • Bearer: The legal owner of a property.
  • Bill of Sale: A document that details the transfer of property.
  • Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
  • Blanket Mortgage: A mortgage that includes more than one piece of real estate
  • Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
  • Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
  • Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
  • Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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