Hints and tips:
...But Southwest, which heavily markets its “Bags fly free” policy, endorsed it....
...Some had done this on their laptops or smartphones, sitting in taxis and meetings, or while attending the South by Southwest tech conference in Austin, Texas; others had dispatched emails to their assistants...
...While Elliott is known for its hardball tactics with creditors — for instance seizing an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation...
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
...Airlines, United Airlines, Delta Air Lines and Southwest Airlines, which together control about 80 per cent of the market....
...But the problem is that as long as these “pretend and extend” tactics are playing out, uncertainty will haunt the property sector, threatening to undermine American growth....
...The latter two are considered “core services”, because rent costs can be sticky and Americans don’t necessarily pay increases in owners’ equivalent rent in real time....
...But a poll on Sunday showed that just 13 per cent of Americans feel they are better off under the US president....
...Smart reads The home loan loophole The $1.4tn FHLB, a government system meant to help Americans obtain mortgages, is being used by some clever investors as a way to get cheap money, Bloomberg reports....
...AGNC Investment Corp has $51.7bn, The Starwood Property Trust manages $28.3bn, Rithm Capital has $32bn, and the Blackstone Mortgage Trust another $26.8bn....
...That fund would buy American companies with the potential to expand in China....
...The good news is that the CRE problems do not seem to be nearly as grave as the issues in subprime mortgages in 2008....
...Hayes argued the combination with Spirit would create a new rival to the industry’s traditional “big four” — American, United, Delta and Southwest — and help lower fares by “disrupting” industry pricing....
...Britain’s largest defence company has agreed to buy the aerospace business of Colorado-based Ball Corp for $5.6bn in cash....
...There’s now a shortage of properties on the market in Mallorca, according to Hans Lenz, MD of Engel & Völkers Southwest Mallorca....
...Its funding costs also rose rapidly and it racked up large paper losses on its mortgage book and other long-dated assets....
...To compare, in 1985 the UK had 355 banks and 167 building-society mortgage lenders....
...From the WSJ: “I like to call it the ‘golden handcuffs’ of mortgage rates,” said Odeta Kushi, deputy chief economist at First American Financial Corp....
...general, and even the American business landscape as a whole, argues Rana Foroohar....
...A different type of mess is now surrounding Lincoln National Corp, the Radnor, Pennsylvania-based insurance company that lends the stadium its name....
...The weakest players our screen identified were Wisconsin’s Associated Bank, listed as Associated Banc-Corp, and Valley National of New Jersey....
...Frontier and JetBlue each hoped to combine with Spirit to take on the US oligopoly in the sky that consists of American, United, Delta and Southwest....
..., which suggest Americans are becoming more concerned about the outlook and their finances....
...Because 96 per cent to 99 per cent of all mortgages from 1934 until around 1970 were funded by the FHA, that those neighbourhoods never got mortgages....
International Edition