GLG News by Commercial Printing Experts

2008 isn't shaping up as a good year for the mortgage industry as delinquencies hit record highs, foreclosures reach record levels, builders are faced with too much inventory and in December 2007, applications for building permits fell by 8.1%, which marked the seventh consecutive monthly decline and...

NYSE snags rival Amex for $260 million in stock to expand its "options" business, which offers higher margins than stock markets. The deal will provide NYSE with additional listings, as well as increase its scale in U.S. options, ETFs, close-end funds, structured products and cash equities. NYSE also...

TD Bank (Toronto Dominion) agreed to purchase Commerce Bancorp for $8.5 billion in 2007, however, shareholder lawsuits and a suit from its former CEO and a suit filed against his wife and her design firm may be putting the deal in jeopardy. TD Bank agreed to pay a 7% premium over Commerce's closing...

Consumers spent more than $2.5 trillion in 2007 on credit card purchases and cash advances, however, consumers are falling behind on credit card payments at an alarming rate, sending delinquencies and defaults skyrocketing. The value of credit card accounts at least 30 days late rose 26% to $17.3 billion...

Forestry like many other operations has its own vocabulary which it can be confusing to other professions.  Here's a partial list of terms and acronyms which made find helpful   Ownership Structures and related terms   REIT - this refers to a Real Estate Investment Trust that among other...

As commodity prices increase, food manufacturers will be required to pass on higher raw material costs to their consumers.Over time these higher prices will put pressure on premium priced branded products and shift share to private label and value brands.Will this same pressure apply to retailers and...

Mums the word from Bank of America and Countrywide on whether BofA plans to swoop in and bailout Countrywide from a sudden fate of bankruptcy. Countrywide reported that foreclosures and late payments rose to the most in five years in December 2007. Countrywide's shares has fallen 28% this week and its...

Metavante's purchase of Nomad Payments for $58 million shores up its plans for a big international push through its Prepaid Solutions Division, with an international push in Europe, Asia-Pacific, the U.K. and other countries to go after its share of the prepaid cards transaction volumes growth. Metavante...

Banks and payment processors need to develop expertise to identify and support virtual world transactions. Banks need to manage virtual risk because it involved real growth and real losses.

James Cayne stepped down as CEO to pass the baton to Alan Schwartz, who believes Bear Stearns faces some risks and sits in a comfortable position, however, the new CEO may be downplaying the possibility of further write downs. In November 2007, Bear Stearns said it would write down approximately $1.2...