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Q2, First Half Not Independence’s Day
Wednesday, August 13, 2008 (126 reads)
Stamford-based Independence Holding Co., parent company of Standard Security Life Insurance Co. of New York and Madison National Life Insurance Co., turned second quarter 2007 net income of $3.9 million into a $6.7 million net loss in the second quarter this year, a whopping 370 percent decline.
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Mortgage Application Volume Down Slightly
Wednesday, August 13, 2008 (282 reads)
The Market Composite Index, a measure of mortgage loan application volume compiled by the Mortgage Bankers Association, decreased slightly last week compared to the week prior.
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Retail Sales Dip In July, Import Prices Up
Wednesday, August 13, 2008 (108 reads)
U.S. retail sales edged down 0.1 percent in July on another big drop at auto dealers, according to a Commerce Department report Wednesday that indicated consumers were straining to keep spending up amid rising prices.
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Investors Less Worried About Inflation
Wednesday, August 13, 2008 (135 reads)
Investors are becoming increasingly concerned that the world is heading for a serious economic slowdown, but as a result have pared back their concerns about inflation, according to a new survey by Merrill Lynch.
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Enfield Bank Rifles Off Dividend
Tuesday, August 12, 2008 (139 reads)
Enfield-based New England Bancshares, parent company of Enfield Federal Savings and Loan Association and Valley Bank, has declared a second quarter cash dividend of $.04 per share.
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Credit Crunch Hitting Apartment Hunters, Too
Tuesday, August 12, 2008 (184 reads)
The Market Tightness Index, a measure of apartment market demand sponsored by the National Multi Housing Council, fell 10 percent in the second quarter as a result of continuing credit turmoil and sluggish apartment sales.
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