| JP Morgan's $1.3bn sub-prime hit
US bank JP Morgan Chase has said its earnings for the last three months of 2007 fell 34% as a result of its exposure to soured US mortgage loans. Net income was $2.97bn (1.5bn) in the quarter to the end of December, down from $4.53bn a year earlier. The bank said it had to cut the value of investments linked to the US mortgage market by $1.3bn. Other US and European banks, including Citigroup and Merrill Lynch, have also had to cut the value of their holdings. Also on Wednesday, Wells Fargo said the home loans crisis had led to its first drop in quarterly profits since 2001. Wells Fargo, the biggest bank on North America's West Coast, reported a 38% decline in net income to $1.36bn for its last three months of 2007. However, the losses at JP Morgan and Wells Fargo were smaller than those of many of their peers.
Cheek dies in house fire
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EQUAL HOUSING OPPORTUNITY
PUBLISHER'S NOTICE: All real estate advertised in this newspaper is subject to the Federal Fair Housing Act of 1968 and the Tennessee Human Rights Act which makes it illegal to advertise "any preference, limitation or discrimination based on race, color, religion, sex, handicap / disability, familial status, or national origin or an intention to make any such preference, limitation or discrimination."
This newspaper will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are informed that all dwellings advertised in this newspaper are available on an equal opportunity basis.
Wanted in Michigan: Entrepreneurs
Schox spent six years as an attorney with Brinks Hofer Gilson & Lione in Ann Arbor before starting his own practice. He accumulated several Michigan clients, including companies like Accuri Cytometers and NeuroNexus Technologies, before moving to San Francisco a few years ago and continuing his practice. Every six weeks or so, Schox travels back to Ann Arbor for about five days to meet with clients and occasionally teach at U-M. He has a firsthand look at the differences between the entrepreneurial environment in California and the environment in Michigan. One of the key differences, he said, is that Californians applaud entrepreneurial spirit and generally accept failure. Schox has never had a Michigan client go out of business. Several of his Californian clients have.
Carlson: 7-year-old survivor faces death without bone marrow donor
The back door slammed, and perky, smiling Maddie Landwehr, home from school, ran straight into the living room and hugged her dad.
The 7-year-old girl gobbled down three chocolate chip mini-muffins, did a cartwheel and told her parents, again, that she wants to go to Disneyland.
Amazing, given what this child has gone through, what she endures every day, and what she faces.
"Maddie has had nine surgeries," said her dad, Ernie Landwehr.
"No," said Maddie. "Ten." .
Several sure signs of spring
No comments posted. By STEVE BATIE / Lee Newspapers Thursday, February 28, 2008 7:05 AM CST LINCOLN, Neb. A reader wrote to me a while back, lamenting this endless winter and asking what I considered a sure sign of spring.The first thing that came to mind was the sound of melting snow dripping in the downspouts. The second thing, of course, would be no sound at all - because the snow already has melted. .
Exchange Students Find a New Way to Deal With Germans
Her vote in the next election, she says, would go to Democratic candidate Barack Obama. But the students are unrelenting. Do you think it's good, the way Americans consume natural resources? Bashore says no. Do you approve of the death penalty? Bashore says she prefers the German system. Do Americans support the Iraq war? Bashore tells the students about anti-war demonstrations on her campus. This sets the students at ease, and the next thing they want to know is why Americans eat so much fast food and whether they too have organic grocery stores. A Long Slog The same scenario repeats itself in the next hour, when Bashore visits an 11th-grade class. She introduces herself and passes around her photos. A student asks the first question: "How do you feel about Bush and the policies of his government?" When Bashore criticizes the administration, another student adds: "No one supports him.
Jeep, XM know how to please crowds at NYIAS 2007
When Chrysler planned its Jeep off-road test track for the New York International Auto Show, I don't think they expected snow flurries in early April. So I have to admit I was a little nervous as my driver approached a steep 18 ft. embankment, noticeably slicked by the morning snow. “You want to have both hands high up on the wheel, thumbs out… and in this weather you want to take it into a low gear as you climb," the driver informed me. Our Wrangler Limited muscled up the slippery slope with ease, and I escaped unscathed and impressed by the vehicle's traction. What I was even more impressed with was Jeep's brilliant turn at brand building. When NYIAS opens to the public Friday, thousands of attendees will line up for Camp Jeep New York, a 45,000-sq.-ft. course of dirt, gravel, water, rocks, wood, and the intimidating Jeep Mountain.
Identity thieves turn to old-fashioned channels — mail and phones
NEW YORK When it comes to identity theft, most people think they're especially vulnerable when they're working on their computers or when fraudsters hack into big databases and steal card numbers. In fact, consumers are far more likely to be victimized if their wallet, checkbook or credit card is lost or stolen, according to a new study released by Javelin Strategy & Research. The research group, which is based in San Francisco, also found that as financial institutions and retailers have improved their in-store and online security, ID thieves have turned to more traditional channels of theft, especially the telephones and the mail. While the incidence of ID fraud through in-store and online purchases declined in the latest survey, conducted last October, from a similar study in 2006, the portion of fraud stemming from mail or telephone purchases jumped to 40 percent from 3 percent.
Owner of Henrietta church plans to restore it
It was sold for back taxes after ownership could not be determined. Bidding started at $2,151.98. Lyde and one other bidder competed for the property. In addition to his bid, Lyde must pay the $67 in taxes owed for 2007. The church was once home to the community's only black church but has been unused for many years and had fallen into disrepair. The sale was conducted by Constable Toby Davis and the Clay County Appraisal District. Four other properties were also sold that day. Lyde said he wants to restore the church as much as possible and would eventually like to make a chapel out of the building, which could serve as a meeting place for Bible studies, family reunions and such. He said he didn't think there was any interest in it being used as a church again.
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