Word: firming
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...always, some people can take a movement too far. Joe DiNardo, a marketing executive at a financial firm based in Buffalo, N.Y., and a friend have already booked 19 flights for the first 12 days of the promotion. They plan on taking as many trips as possible through Oct. 8 and have created a website, twelvehoursinacity.com, to document their half-day stops around North America. DiNardo says he'll quit his job if his employers don't grant him time off for the journey; so far, he and his boss are discussing a plan in which he would do some...
...White House's Office of Management and Budget (OMB), the Agency is allowed to use contractors for intelligence analysis and collection. The CIA has declined to comment on whether it brought the private security Blackwater, now known as Xe Services, into the secret program, much less what role the firm played. (What happens when private armies take to the front lines...
...Ironically, both men are now contractors themselves, as principals for the Chertoff Group; it's website says the firm advises "government and corporate clients on security and risk management issues...
...billion in commercial mortgage-backed securities (CMBS) and $6.65 trillion in residential mortgage-backed securities (RMBS) outstanding in the U.S. market, according to Dealogic. Of those, more than $90 billion in CMBS and more than $110 billion in RMBS will mature within the next three years, the firm says...
First, if a tsunami of private-equity players and REITs jump into the sector, competition for assets will heat up, which could drive prices up. If this happens, potential profits will shrink, says Tom Fink, senior vice president of Trepp LLC, a commercial-mortgage-research firm...