Kingsport Times News Sunday, January 25, 2015
Business & Technology

Foreclosure freeze could undermine housing market

October 10th, 2010 11:59 pm by Associated Press

NEW YORK Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place. Tod

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Business & Technology

US bond executive says governments risk slipping into an era of low growth, high unemployment

October 10th, 2010 9:19 pm by Associated Press

WASHINGTON (AP) -- After averting a severe depression two years ago, industrial nations risk losing the recovery, the chief executive of the world's largest bond investor says.Mohamed El-Erian, head of Pacific Management Investment Co., or Pimco, says if

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Business & Technology

BAE Systems gets $140 million to consolidate operations at Holston Army Ammunition Plant

October 9th, 2010 2:52 pm by Sharon Hayes

KINGSPORT For more than 60 years, Holston Army Ammunition Plant has operated two separate sites Area A and Area B connected only by a pipeline that pumps chemicals from one site to the other, seven miles through residential neighborhoods and alongside

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Business & Technology

Bank of America stops US foreclosures for review

October 9th, 2010 10:05 am by Associated Press

WASHINGTON (AP) Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases for flaws, expanding a crisis at a perilous time for the housing market.The move came as PNC Financial Se

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Business & Technology

Lawmakers want foreclosure investigation

October 6th, 2010 4:37 am by Associated Press

WASHINGTON (AP) More than 30 House members from California are calling on federal regulators to investigate whether mortgage companies broke the law by using paperwork that may have contained errors.The Democratic lawmakers, led by Rep. Zoe Lofgren and H

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Business & Technology

Consumers push Sept. retail sales up, but shy away from luxuries

October 6th, 2010 4:31 am by Associated Press

NEW YORK (AP) Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries.Erratic weather and tepid economic news dampened sales, according to data released Wednesday by MasterCard Advisors' Sp

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Business & Technology

Flawed paperwork aggravates foreclosure crisis

October 4th, 2010 5:18 am by Staff Report

According to the New York Times some of the nation's largest lenders have conceded that their foreclosure procedures might have been improperly handled, lawsuits have revealed myriad missteps in crucial documents.The flawed practices that GMAC Mortgage,

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Business & Technology

Which political party's message on economy will voters take to heart?

October 3rd, 2010 11:59 pm by Associated Press

WASHINGTON If you don't like the economy, blame President Barack Obama and Democrats because they're making times tougher, Republicans are telling voters entering the four-week homestretch to an election the GOP hopes will return the party to power in C

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Business & Technology

Eastman working to promote safety, prevent future accidents

October 2nd, 2010 2:25 pm by Sharon Hayes

The physical scars of a massive explosion that ripped through Eastman Chemical Co. 50 years ago have all but disappeared with time. But the lessons learned will not be forgotten. Parker Smith and Pete Lodal want to make sure of that.

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