Current Markets DOW NASDAQ S&P 500   Featured News Demand for high-end homes stays strong While the overall housing market in the Dallas area is down about 3 percent, the price tags on high-end homes are not coming down. In the Dallas area, the upper-end home market is "slower" than it has been, according to several top Realtors. But sales of very expensive properties are still strong. Dallas Morning News-February, 8th 2009 Click on the link below to read the full story. Demand for high-end homes stays strong Street Smarts: Obama's Stimulus The best analysts on Wall Street dissect Obama's stimulus plan, its likely boost to GDP and prospects for inflation. Forbes.com-January 20th, 2009 Click on the link below to read the full story. Street Smarts: Obama's Simulus U.S. Existing Home Sales Rise on Record Price Slump Sales of previously owned homes in the U.S. unexpectedly rose from a record low, propelled by the biggest slump in prices since the Great Depression as foreclosures surged. Bloomberg.com-January 26th, 2009 Click on the link below to read the full story. U.S Existing Home Sales Rise on Record Price Slump Dallas Home Prices Least Likely to Fall Despite some small dips in the last year, homeowners shouldn't expect large and long-lasting declines in home values in North Texas, a new study predicts. The Dallas area is the U.S. metropolitan market least likely to have lower home prices two years from now, according to the latest report from PMI Group. DallasMorningNews.com-January 14th, 2009 Click on the link below to read the full story. Dallas Home Prices Least Likely to Fall   Stock Market The Worst Is Yet To Come The bear market sucker's rally is losing steam. Forbes.com-January 22nd, 2009 Click on the link below to read the full story. The Worst Is Yet To Come   Money & Investing Payoff the House? Not so Fast If you ask yourself whether you should pay off the mortgage before you retire, your first impulse may be to say: “Why not?” Many people have an instinctive desire to own the house free and clear before they stop working, figuring the …But prepaying your mortgage may not be the savviest move, particularly from a tax standpoint. This is especially true when faced with the choice between fully funding a tax-deferred 401(k) or adding to your mortgage payment each month. It even applies when the alternative is to invest more in a taxable account. Business Week - February 5th, 2007 FORBES Investment Guide-Hock Your House “Some advisers say payoff your mortgage. We say leverage up and invest.” FORBES - December, 13th 2004   Local Dallas Area Home Sales-4th Quarter 2008 Find out how your neighborhood measures up against other Dallas/Ft. Worth areas. What is the median price? How long are homes in particular areas on the market? What are the sales by % change? What is the price per square foot? Click on the link below to find out. Dallas Area Home Sales Interactive Map Dallas-area home prices down 3.3% Dallas home prices dipped by more than 3 percent in the latest gauge of nationwide home values. But Dallas' decline in November from a year earlier was the lowest of any U.S. market in the closelywatched Standard & Poor's/Case-Shiller Home Price Index. Nationwide home prices dropped by a record 18.2 percent in the monthly report while Dallas prices fell by only 3.3 percent, according to the report released early Tuesday. DallasNews.com-January 27th, 2009 Click on the link below to read the full story. Dallas-area home prices down 3.3% Twenty Most Affluent U.S. Neighborhoods Southlake, Texas with an estimated median household income of $172,945, this Dallas suburb is the most affluent neighborhood in the country, mostly due to real estate growth. In 2005, the area doubled its town square shopping center, which increased jobs and community revenue, thus bolstering the median household income by over $42,000 since the 2000 census. Forbes.com- December 9th, 2008 Click on the link below to read the full story. Twenty Most Affluent U.S. Neighborhoods Latest financial news - CNNMoney.com 09/07/2010 01:33 PM Obama's economic plan: Too little, too late This week, the Obama administration began outlining additional measures to jumpstart the economy and create jobs. 09/07/2010 12:36 PM N.Y. colleges to protect students on credit cards The 64-campus State University of New York (SUNY) system, one of the largest state systems in the nation, adopted a set of reforms on Tuesday aimed at protecting students from deceptive credit card practices. 09/07/2010 01:58 PM HP sues Hurd to stop him from joining Oracle Hewlett-Packard has filed a lawsuit against Mark Hurd, its former chief executive, to block him from joining Oracle as co-president. 09/07/2010 11:39 AM Is Mark Hurd really worth $6 billion to Oracle? If it weren't insulting enough that Oracle CEO Larry Ellison publicly blasted Hewlett-Packard for letting Mark Hurd go, it now turns out that HP's loss is Oracle's gain. 09/07/2010 01:55 PM Bonds rise as European concerns 'simmer' Investors returned from a holiday weekend with a gloomier outlook on the economy, thanks to an old concern that won't seem to die -- the health of European banks. 09/07/2010 08:38 AM Car Czar on GM's revolving CEO door As General Motors welcomes its fourth CEO in 18 months, a frequently-asked question is "Why can't somebody be found who can run GM?" 09/07/2010 11:27 AM Back-to-school savings It's hard to say "no" to opening your wallet for school supplies. And although the average American family is planning to spend $606 on back-to-school supplies and clothes this year, according to the National Retail Federation, there are ways you can be smart about shopping for the start of the school year and cut your costs. 09/07/2010 01:47 PM Stocks fall on European bank woes U.S. stocks fell Tuesday as renewed worries about European banks weighed on financial stocks and investors flocked to such safe-haven assets such as the dollar, Treasurys and gold. 09/07/2010 05:26 AM Soros gives $100 million to human rights group Billionaire investor George Soros will donate $100 million to Human Rights Watch, the organization announced Tuesday. 09/07/2010 05:11 AM Kia in management shakeup after recall South Korean automaker Kia Motors, on the heels of a global recall of more than 100,000 vehicles, said Tuesday it has named a new vice chairman to replace Chung Sung-eun, who had resigned. 09/07/2010 05:36 AM Orszag: Extend Bush tax cuts for 2 years Peter Orszag, who recently stepped down as President Obama's budget director, called for a two-year extension of the Bush tax cuts in an article he wrote in the New York Times on Tuesday. 09/07/2010 04:38 AM Britain's Barclays names American as CEO British-based Barclays PLC announced Tuesday that American-born executive Robert E. Diamond Jr. will replace John Varley as chief executive officer of the global banking company next year. 09/07/2010 11:16 AM Obama to propose another business tax cut In another move aimed at stabilizing the still-shaky economy, President Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official. 09/07/2010 05:49 AM Stocks poised to slip U.S. stocks were poised to slip Tuesday, as optimism from the previous week faded and renewed worries about European banks and the global economy weighed on investors. 09/07/2010 02:53 AM GM's long overconfidence game In 1982, General Motors closed its manufacturing plant in Fremont, Calif. The location, far from Detroit auto suppliers, was considered among the worst-performing assembly lines in the company's system. Roger Smith had become GM's chairman the year before Fremont was closed, and he had begun to think of ways to reorganize the car company. He knew there was a problem; he just wasn't sure what it was, exactly, or how to fix it. 09/07/2010 02:49 AM A reward for responsible homeowners The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. But let's say you're a hardworking family that has done nothing wrong except buy a home when the housing bubble was at its peak a few years ago. Your mortgage is now way underwater, but you're still making payments because you want to stay in your home -- and you're actually honorable. You're paying for everyone else's bailout, but because you have no equity in your house, you can't refinance to take advantage of the ultra-low mortgage rates that Uncle Sam's bailout strategy has produced. To use the technical term, you're being screwed. 09/07/2010 08:08 AM 4 surprise bright spots in the economy Good economic news has been hard to come by lately, but not all is doom and gloom in America these days. The end of summer ushered in a few signs of progress in some of the unlikeliest corners of the economy. They are no guarantee that the good times are around the corner, but they do provide a helpful reminder that this slow recovery is exactly that: a recovery. 09/07/2010 06:19 AM Startups flock to Twitter headquarters Sharing ideas and office space in the tech field are as common as sharing APIs, but the collaborative spirit runs especially deep at San Francisco's 795 Folsom Road. 09/07/2010 05:34 AM The new young investor: Shunning stocks When 18-year-old Robert White decided to jumpstart his retirement plan, he invested his life savings of $25,000 into an aggressive mutual fund. 09/07/2010 10:47 AM Johnson & Johnson CEO Bill Weldon's painful year What started last year as a series of small drug recalls at Johnson & Johnson exploded this summer into a full-blown crisis in quality control. But for months there was nary a peep from CEO Bill Weldon. WSJ.com: Economy 09/07/2010 08:31 AM Obama to Push Tax Break Obama will propose that companies be allowed to write off 100% of their new investment in plants and equipment through 2011, a plan that White House economists say would cut business taxes by nearly $200 billion. 09/07/2010 01:41 PM EU Ministers Divided on Bank Tax EU finance ministers remained divided after a debate on a bloc-wide bank levy and a fresh tax on financial transactions, indicating that neither measure is likely to materialize in the coming months. 09/05/2010 11:33 PM Keep the Champagne on Ice Jean-Claude Trichet has raised his forecast for growth in the EU area for the rest of this year from 1.0% to 1.6%. But Europeans shouldn't uncork the champagne just yet. 09/05/2010 11:53 PM BIS Questions Growth Tradeoff The Bank for International Settlements said sustained debt reduction need not be a cause of weaker growth in the aftermath of a crisis, as long as policy makers fix the problems that caused the turmoil in the first place. 09/04/2010 09:08 AM Jobs Data Provide Hope The U.S. economy lost jobs for the third month in a row in August, but modest hiring by the private sector eased concerns of a double-tip recession. 09/04/2010 01:29 PM Obama to Link Tax Cuts, Hiring The Obama administration is moving toward using the revenue from expiring tax cuts for the wealthy to finance about $35 billion of tax cuts for small businesses and workers. 09/03/2010 04:06 PM Economists Grapple Over Job Creation Washington's response to the country's stubbornly high unemployment rate will depend in part on who wins an increasingly intense debate over its causes. 09/06/2010 10:34 AM Seven Careers in a Lifetime? Think Twice A belief that Americans will average seven careers over their lifetimes has gained traction despite little evidence, say researchers. 09/05/2010 08:51 PM As Gold Climbs, So Do the Deals Gold prices are edging up toward a high, at $1,249.20 an ounce, triggering multibillion-dollar deals by miners doubling down on the staying power of bullion's nearly decadelong rally. 09/03/2010 04:32 AM Japanese Capital Spending Slips Capital spending by Japanese businesses slipped during the quarter ended June, but inventory investment surged, suggesting the government will revise upward its GDP growth estimate for the quarter. 09/03/2010 05:58 PM Brazilian Economy Expands Robustly Brazil's economy maintained its torrid pace of growth in the second quarter, continuing a boom in Latin America's largest economy despite a series of interest rate hikes. 09/02/2010 08:13 PM Bernanke Defends Record On Lehman Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers' failure in September 2008 even though he knew its downfall would be "catastrophic." 09/02/2010 03:22 PM New Jobless Claims Decline Fewer workers filed new claims for unemployment benefits last week, the second week in a row such claims declined and a rare bright spot in an otherwise grim job market. 09/03/2010 02:33 AM Putin Extends Wheat-Export Ban The Russian prime minister's move helped push up the price of wheat and sparked fears of supply shortages and broader unrest over rising food costs. 09/03/2010 12:12 AM ECB Dismisses Double Dip The European Central Bank raised its central forecast for 2010 economic growth in the euro zone after leaving its benchmark interest rate unchanged at a record-low of 1%, as expected. 09/03/2010 02:21 AM Euro-Zone Retail Sales Rise Retail sales in the 16 countries that use the euro rose more than expected in July in a fresh sign that consumer demand is helping drive economic growth. 09/03/2010 03:02 AM U.K. Services Growth Slows The U.K.'s economic recovery showed further signs of losing steam as data showed a sharp slowdown in growth in the country's dominant services sector. 09/02/2010 06:35 PM U.S. Officials Head to Beijing U.S. National Economic Council Director Lawrence Summers and Deputy National Security Adviser Thomas Donilon will travel to Beijing this weekend for high-level talks as the U.S. and China work to iron out tensions on issues ranging from currency policy to military ties to Iran. 09/02/2010 02:28 PM Lobbying on New Finance Rules U.S. firms eager to shape new financial regulations have wasted no time in lobbying the Federal Reserve and other agencies, according to details from the central bank. 09/01/2010 08:03 PM Factory Growth Buoys Markets Growth in manufacturing activity accelerated last month in both the U.S. and China, defying mounting signs of a global slowdown and cheering investors. 09/02/2010 04:11 PM Euro-Zone Growth Jumps The strongest rise in consumer spending since the start of the financial crisis helped drive the euro zone's strong growth in the second quarter. 09/02/2010 05:12 AM Swiss Economy Shows Growth Swiss gross-domestic-product growth accelerated in the second quarter to hit its highest growth rate in 2½ years, setting the stage for another strengthening of the Swiss franc. 09/01/2010 03:09 PM Tech Rebound Spreads to Oakland The Bay Area's technology recovery has been so robust that the optimism has even spread to Oakland, which hasn't been a traditional start-up hub. 09/01/2010 07:18 PM China's Rebound Eases Slump Fears China's manufacturing rebounded in August, countering weakness in some other Asian economies and suggesting the region's growth won't slow down. 09/02/2010 02:54 AM U.K. Home Prices Fall Mortgage lender Nationwide Building Society said house prices fell for the second straight month in August but that overall price declines are likely to be "relatively modest." 09/01/2010 12:16 PM Crude Follows Stocks Higher Crude-oil futures settled higher, helped by improving data on U.S. manufacturing and rising equities markets that trumped fears about increasing oil supplies. 09/01/2010 08:42 PM Older Work Force Has Ugly Wrinkle The graying of America's work force is a fact of (longer) life. But it is amplified by changing work habits among different age groups. 09/01/2010 09:21 AM Pakistan's Growth to Tumble Pakistani Prime Minister Yousuf Raza Gilani gave the most detailed assessment yet of the damage wrought by flooding over the past month, saying the country had suffered economic losses of $43 billion from the deluge. 08/31/2010 04:55 PM Fed Faced Slew of Questions Fed officials wrestled with a slew of unanswered questions before deciding at their Aug. 10 meeting to alter their portfolio strategy, minutes showed. 09/01/2010 07:16 AM Home Prices Rise; Outlook Dims U.S. home prices rose 3.6% in the second quarter, according to S&P Case-Shiller, but gains decelerated. Separately, consumer confidence moved higher in August. 09/01/2010 03:54 AM German Retail Sales Fall Retail sales in Germany fell unexpectedly in July, dashing hopes that last month's upward revision to sales data for the first half could signal a brighter trend. 09/01/2010 06:43 AM Euro-Zone Manufacturing Slows Manufacturing-sector growth in the euro zone slowed to its weakest pace in six months in August, signalling that the economic recovery may be losing some steam. The U.K.'s PMI fell to its lowest level for nine months. Forbes.com: Market News 09/07/2010 02:30 PM Inergy Enters The Palace In Propane Deal Propane and natural gas distributor Inergy is buy Tres Palacios Gas Storage for $725 million. 09/07/2010 02:20 PM The Outlook For Coke's Biggest Bottler Is Looking Better Coca-Cola Enterprises hikes its full-year 2010 earnings forecast. 09/07/2010 02:20 PM Changes At The Top For Barclays, Beckman Coulter Barclays is promoting investment banking chief Robert Diamond to fill the CEO spot. 09/07/2010 01:20 PM AT&T Margins Squeezed By iPhone Sales, Stock Downgraded Also, Janney Montgomery Scott downgrades Campbell Soup and targets $37 per share. 09/07/2010 01:19 PM Bank Of America Puts Autozone At $240 Also, Citigroup initiates coverage on BMC Software with a buy rating a $45 price target. 09/07/2010 01:10 PM GT Solar Gets Scorched Also, Idenix Pharmaceuticals takes a body shot and drops 47%. 09/07/2010 01:10 PM Big MLP Merger Drives Enterprise GP Up 12% Enterprise Products Partners and Enterprise GP Holdings will merge EPE with an EPD subsidiary. 09/07/2010 11:59 AM Devon Deals Chevron Into CNOOC Drilling Deals Chevron gets approval to acquire operating interests in the South China Sea's Pearl River Mouth Basin. Chevron acquired a 100% interest in two blocks, and a 59% interest in another, from Devon Energys (DVN) China subsidiary. 09/07/2010 11:09 AM Options Bulls Bursting Into Teva, Cree, Expedia Some especially bullish players see Teva above $60. Cree bulls have high hopes, too. 09/07/2010 10:49 AM Westin Checks Out Of ABC News President Job David Westin says he will resign as president of ABC News and stay through 2010.
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