Harrah’s Entertainment Inc. said it plans to sell shares to the public, almost three years after the casino operator was taken private by Apollo Global Management and TPG.
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Bank of America (BAC) is preparing to resume foreclosures in 23 states, just 10 days after halting the foreclosure process on properties in all 50 states. The foreclosure halt came amid concerns that company executives may have…
General Electric will invest $432 million in its appliances division, resulting in the creation of 500 jobs. The conglomerate wants to expand its market share in the refrigerator market and boost the number of appliances made i…
The crisis could hit bank earnings in several ways, not all of them directly related to the foreclosure problem. One big risk is “putbacks,” the faulty loans banks could be forced to repurchase. JPMorgan puts that cost at up to…
Analysts expect the leading Web portal to report a 15% increase in earnings for the second quarter, largely due to cost cutting. Revenues are expected to be flat year-over-year.
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