RALEIGH New sales taxes on labor for a number of retail services ranging from cabinet installation to floor repair take effect this week as part of Republican efforts to reduce the state’s reliance on income taxes in favor of those ...Read More »
WASHINGTON (AP) — U.S. construction spending increased in January by the largest amount in eight months as weakness in homebuilding was offset by a solid rebound in nonresidential activity. Construction spending increased 1.5 percent in January, the biggest gain since ...
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NEW YORK (AP) — General Electric says the U.S. Department of Justice has subpoenaed the company as part of an industrywide investigation into subprime mortgage lending. According to a filing the industrial conglomerate made Friday, federal prosecutors are examining potential ...
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GEORGE TOWN, Cayman Islands – A company founded by billionaire Paul Allen and the Cayman Islands have announced an agreement on a plan to restore a coral reef damaged by his 300-foot yacht in January. A joint statement Thursday from ...Read More »
TRENTON, N.J. – A new state report shows New Jersey’s fund for road and bridge work has no more capacity to borrow cash. The New Jersey Office of Public Finance unveiled its annual debt report Friday showing that the ...Read More »
NEW YORK (AP) — Hilton plans to spin off its timeshare business and most of its real estate business in a move to boost shareholder value. Its shares jumped almost 8 percent in premarket trading. The lodging company said Friday ...Read More »
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of easing. Mortgage buyer Freddie Mac said Thursday ...
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MAYS LANDING, N.J. – Two people are headed to prison for their roles in a timeshare mortgage fraud scheme. Federal prosecutors say 56-year-old Francis Santore, of Northfield, and 36-year-old Alfred Giordano, of Belmar, worked for The Vacation Ownership Group ...Read More »