Hard Money Loans

Vittorio Hernandez – AHN News
Armonk, NY, United States (AHN) – International Business Machines Corp. is bent on retaining its hold as the number two most valuable company in the world by expanding its $22.5-billion software business. IBM Senior Vice President Steve Mills says the firm, which has sold its hardware business and shifted to software development, plans to spend $100 million to $300 million to buy mid-sized firms. The expansion aims to add another $20 billion in annual revenues by 2015, which would mean that IBM must double or triple the pace of sales growth at companies [...] Continue Reading…

Vittorio Hernandez – AHN News
Athens, Greece (AHN) – Greece is teetering towards a default on its international loans, prompting Greek officials to seek the advice of European and International Monetary Fund officials to measures the financially challenged nation could do to speed up the release of its $11 billion anticipated aid. The reply of European economic officials on Monday was that Athens must make deeper and faster budget cuts and economic reforms. In the event of a Greek default, the ones to be hit hardest would be German banks Hypo Real Estate Holding and WestLB which jointly [...] Continue Reading…

Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – Markets were closed in the U.S. Monday as the nation celebrated Labor Day. But trading in European markets and gold were not on holiday, one falling and one rising on debt concerns and global demand. Gold pricing exceeded $1,900 an ounce Monday in London as concerns persisted about slowing economic growth worldwide. Europe’s debt worries also spurred renewed demand for the yellow metal. Foreign markets and overseas gold reacted to the weak U.S. jobs report on Friday that showed that no jobs were added in [...] Continue Reading…

Vittorio Hernandez – AHN News
New York, NY, United States (AHN) – Ratings agency Standard & Poor’s announced on Monday that its president, Deven Sharma, will leave the company. He will be replaced beginning Sept. 12 by Douglas Petersen, chief operating officer of Citibank. Sharma will leave the company amid the furor caused by S&P’s downgrade of the U.S. credit rating two weeks ago to AA+ from triple A because of the prolonged political debate over how to raise the country’s debt limit. The downgrade caused investors to be jittery and led to declines in the global stock [...] Continue Reading…

BRAZZAVILLE, Congo (IRIN) – Congolese authorities have taken steps to curb illegal fishing in their territorial waters to ensure the survival of fishery resources and boost food security. The latest measure is a satellite surveillance system that monitors all the fishing boats operating in the country’s maritime waters. “The Vessel Monitoring System allows us to conduct surveillance of all the fishing vessels in the sea without exception,” said Dieudonné Kiessiekiaoua, a fishing and aquaculture adviser in the Department of Fisheries. Kiessiekiaoua said: “The Minister of Fisheries has a screen at his desk that allows him to [...] Continue Reading…

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Cincinnati, OH, United States (AHN) – The U.S. Consumer Product Safety Commission (CPSC) announced today that Macy’s Inc., of Cincinnati, Ohio, has agreed to pay a civil penalty of $750,000. The penalty agreement (pdf) has been provisionally accepted by the Commission. The settlement resolves CPSC staff allegations that Macy’s knowingly failed to report to CPSC immediately, as required by federal law, that it had sold children’s sweatshirts, sweaters and jackets with drawstrings at the neck between 2006 and 2010. Children’s upper outerwear with drawstrings, including sweatshirts, sweaters and jackets, poses a strangulation hazard to children that can result [...] Continue Reading…

Vittorio Hernandez – AHN News
Fort Calhoun, NE, United States (AHN) – The rising Missouri River flood water continues to threaten the two power plants in Nebraska. To assess the situation, the U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko visited the Fort Calhoun plant on Monday morning. The Fort Calhoun Nuclear Station, located 20 miles north of Omaha, is one of the two nuclear plants in the state being monitored by the NRC because of the threats of inundation from the Missouri River. The Fort Calhoun plant has been closed since April for refueling. Its parking lot is [...] Continue Reading…

Asian stocks rose, with the regional benchmark index paring its loss for the month, on speculation Greece may be allowed to roll over some of its bonds, easing concern the nation’s sovereign debt crisis will spread across Europe, one [...] Continue Reading…

When Steve Jacobs started Fairway Independent Mortgage in 1996, a life event prompted him to open the company in Wisconsin instead of Texas. The company has now grown to more than 1,000 employees. Fairway plans to continue its growth [...] Continue Reading…