Real estate sales plunge
NEW YORK (CNNMoney.com) -- Problems in subprime mortgages caused a sharp drop in home sellers being able to find buyers for their homes in March, according to a trade group report Tuesday that showed the battered real estate market was much weaker than expected. The National Association of Realtors' Pending Home Sales Index fell 4.9 percent in March, following a 1.1 percent increase in February. The index was down 10.5 percent from the March 2006 reading. Economists surveyed by Briefing.co
Filed Under [ General Home Finance ]
Private equity and the job cut myth
Amid all the criticism of private equity, none perhaps has been as scathing as this: Buyout firms above all want to enrich themselves and their investors - and often cut thousands of jobs in the process. The Service Employees International Union, which represents about 1.8 million workers in the U.S. and Canada, published a report last week that criticized the private equity industry for not doing more to measure the impact buyouts have on jobs and communities. United Auto Workers union Pr
Filed Under [ General Home Finance ]