Finance Matters

Posts Tagged ‘Business Insider’

Foreclosure activity declined 5 percent in April from the previous month, and 14 percent year-over-year. 

But rising foreclosure activity in many states and cities was overshadowed by a significant decrease in hard-hit foreclosure states like California, Arizona, and Nevada according to the latest foreclosure report from Realty Trac.

We drew on RealtyTrac data to put together the 20 metropolitan areas where foreclosure activity is remains high.

Note: All data is for the 20 largest metros. Data for properties with foreclosure filings is for April 2012.

New York

1 in every 2,677 homes received a foreclosure filing in Q1 2012

Properties with foreclosure filings:
2,812

Change from March 2012:
-7.62%

Change from April 2011:
+7.25%

Source: RealtyTrac

Baltimore

1 in every 1,777 homes received a foreclosure filing in April 2012

Properties with foreclosure filings:
637

Change from March 2012:
+9.64%

Change from April 2011:
+20.42%

Source: RealtyTrac

Washington D.C.

1 in every 1,447 homes received a foreclosure filing in April 2012

Properties with foreclosure filings:
1,530

Change from March 2012:
-7.89%

Change from April 2011:
-30.23%

Source: RealtyTrac

See the rest of the story at Business Insider

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We’ve got a real mix of movie sneak peeks this week. 

From the baby comedies to the slasher films, 2012 is shaping up to be an extremely diverse year of film in terms of genres. In terms of ideas however, we’ve still got more sequels, more remakes and more book-to-film adaptations. 

Brooklyn Decker navigates pregnancy along with Cameron Diaz, Chris Rock, Jennifer Lopez and more in “What to Expect When You’re Expecting” while Elijah Wood plays a traumatized serial killer who scalps his victims in the remake of “Maniac.” And don’t forget Orlando Bloom‘s slow and steady return to film with the new romance-turned-psychological thriller “The Good Doctor.” 

“What to Expect When You’re Expecting”– May 18th

Starring Cameron Diaz, Elizabeth Banks, Jennifer Lopez, Brooklyn Decker and many more, this book-turned-movie follows other book-turned-movie formula like “He’s Just Not That Into You.” Only this one is about pregnant women and how to handle parenting for women and men. 

“A Cat in Paris” –June 1st (limited)

The Oscar-nominated, French animated film has officially been dubbed for American audiences and is getting it’s own U.S. release. The film is about a mystery that takes our heroes all across the back alleys of Paris in one fateful night. 

“Madagascar 3: Europe’s Most Wanted”– June 8th

The third installment of this franchise sees our loveable animals taken to a traveling circus. Still starring Ben Stiller, Chris Rock, David Schwimmer, Jada Pinkett Smith and more. 

See the rest of the story at Business Insider

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Earlier this week we introduced you to the men who gave up dating in favor of life-size dolls. Now, meet Matt McMullen, a creator of these notorious dolls. Drea Cooper and Zackary Canepari, the filmmakers behind Borderland, visited McMullen’s doll factory about a year ago and picked his brain about how realdoll.com got started.

McMullen, who considers himself an artist, told them, “I was always driven to sculpt females and it just evolved. And this was like the logical progression of what I wanted to do with my artistic abilities and my desire to create.”

Realdoll actually started when McMullen tried to create a mannequin that would step “outside of the boundaries of traditional model-esque” mannequins.

WARNING: NOT SAFE FOR WORK

McMullen says he was always a bit of a recluse, spending a lot of the time by himself working in a garage

After seeing what he was working on, a lot of his family members considered him weird

His initial concept was not a real life doll, but rather a more realistic mannequin with sexy curves

See the rest of the story at Business Insider

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Morgan Stanley’s top banking analyst Betsy Graseck just released an excellent report titled The $X Billion Question, which evaluates JPMorgan and the CIO unit that has reportedly lost over $2 billion on some bad trades.

Morgan goes through to look in depth at what the group was trading, what the performance of the unit should look like going forward, and how big of an affect the ongoing loss will have on both the bank and the rest of the industry.

Her report included an FAQ which we highlight here.

What’s our credit hedge loss estimate?

All in, Graseck estimates a $5.2b of pre-tax hedge losses, of which $3.25b is recognized in Q2.

Source: Morgan Stanley

What’s the synthetic credit trade that JPM has?

Graseck bases this from reports from WSJ, NYTimes, Bloomberg

1) Bought protection on the 2012 IG9

2) Sold protection on 2017 IG9

3) Bought protection on High Yield Index

Source: Morgan Stanley

What’s the price action been on those legs?

Spreads on IG9 2012s are up 20% QTD. Spreads on IG9 2017s have widened 36% QTD.

Source: Morgan Stanley

See the rest of the story at Business Insider

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Splashtop is a handy app for your iPad, that lets you access your desktop computer from anywhere.

As long as your desktop/laptop has an Internet connection, you can turn your iPad into a remote control.

Splashtop especially comes in handy if you forgot a file on your computer at home and need to access it or even send something to yourself.

Even better, if you want to get around Apple’s Flash limitation, you can stream video from your computer to your iPad or iPhone remotely.

Keep reading for a walkthrough of how to set up the app.

Splashtop for iPad is $4.99 and Splashtop for iPhone is $2.99 it is also available for Windows.

First thing’s first, make sure you’ve downloaded the SplashTop app on your iPad. It looks like this.

Before you go any further with the app do this…

Head here to the Splashtop website and download the streamer app to your desktop or laptop.

After the app is downloaded, begin the installation process by following the on-screen steps.

See the rest of the story at Business Insider

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