Repost From : http://springhillgroupbyrichparker.blogspot.com/
BLOGSPOT: Police Reports for Feb. 26, 2012 - The Bozeman Daily Chronicle: Police Reports
http://springhillgrouphome.tumblr.com/post/19662057363/springhill-group
The Bozeman Police Department reports for Sunday included the following:
People were fighting in front of an East Main Street bar. Most fled when police arrived around 1:40 a.m. The man who was assaulted did not want to press charges.
Police found "a man by himself drinking a beer and playing loud video games at 5:30 a.m. on Sunday morning" on Ida Avenue after a neighbor complained about the noise.
A 21-year-old Belgrade man was cited for stealing two DVDs from a Catron Street store around 1:45 p.m.
Read more . . .
Spring Hill Hotels, Motels - Florida FL - Spring Hill Hotel Discounts
http://springhillcaregroup.multiply.com/journal/item/57/Spring_Hill_Hotels_Motels_-_Florida_FL_-_Spring_Hill_Hotel_Discounts
Spring Hill Hotels, Motels, and Reviews
Hampton Inn Spring Hill - $$
1344 Commercial Way, US 19, Spring Hill, FL 34606 Rated average by verified guestsMidscale, highway hotel near Weekiwatchee PreserveAlso near Buccaneer Bay3 floors, 732 rooms - elevatorOutdoor swimming pool - exercise roomFree Internet access - free parkingNot pet-friendly - no pets allowed - Jan 2011Hotel ReviewsConveniently located - worth the price - room was clean - liked the upscale linens - staff was friendly - appreciated the snacks and wine - nice hotelGood location and rates - room was cleanBeds were fabulous - the elevator carpet was filthyRoom was spacious - housekeeping was intrusive - not much selection a breakfastConvenient location - room wasn't clean enough - employees were friendly and pleasant - breakfast was a disappointment
Read more. . .
Boiler Parts, Boiler Repair & Boiler Room Supplies for Steam Heating
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Boiler Gaskets, Unit Heaters and Much More! At State Supply, we specialize in
Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory
Springhill Group Home
News Center - Springhill Group Home Loans : Blogspot
News Center - Springhill Group Home Loans : Fed Seen Buying $545B of Home-Loan Debt : Report
By Joseph Woelfel
NEW YORK (TheStreet) - The Federal Reserve is poised to start a new round of stimulus, Bloomberg reported, citing the biggest bond dealers in the U.S.
The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The Fed may buy about $545 billion in home-loan debt, Bloomberg said.
The Fed bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June.
Separately, Bloomberg reported the Fed and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing, Bloomberg said, based on 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions.
According to Bloomberg Markets magazine's January issue, the Fed didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day; bankers didn't mention they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy; and no one calculated until now that banks got an estimated $13 billion of income by taking advantage of the Fed's below-market rates.
Fed officials say almost all of the loans were repaid and there have been no losses, but details suggest the secret funding enabled the biggest banks to grow even bigger, according to Bloomberg.
The six biggest U.S. ba
Embattled Rupert Murdoch's empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company's board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp's stock to 8.3% high - the highest level it has reached since 2007.
"News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It's a good thing for shareholders." said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp's publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company's enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Meanwhile, its entertainment business is more profitable with revenues of USD 23.5 billion last year, accounting for around 75% of the firm's profit and almost all of the operating revenue in the first half of the fiscal year. News Corp's television and film business consists of the Fox News channel, Fox broadcasting network and 20th Century Fox film studio.
Experts are saying that the move to split the news and media operations from its more profitable film and TV businesses might be a good one, as the former has been marred by the pho
Description:
Springhill Group Home is a housing finance company with the principal goal of achieving a social requirement of motivating home ownership by offering long-term finance to households. Springhill Group Home has turned the idea of housing finance in Springhill into a world-class business venture with outstanding reputation for dependability, honesty and outstanding services.
Springhill Group Home has a wide network of contacts from different loan companies within United States and Asia catering to towns & cities spread across the country providing housing loans and property advisory services.
For inquiries, email us at springhillgrouphome@gmail.com
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Posted by Springhill Group Home Loans on 12/9/2011 9:55 PM
The deteriorating situation in Europe has increased the chances of a December interest rate cut.
Australian banks are coming under increasing pressure from the ensuing European debt crisis, and have become nervous about lending to each other because of their exposure to risky European debt. Consequently, there are concerns about the risks if the Reserve Bank does not cut interest rates, with the next opportunity not until February. The Reserve Bank Governor, Glenn Stevens, ramped up the pressure on European leaders to find a swift solution to the crisis, saying that "the damage to us and everyone else will be unacceptable".
It is not immediately clear, though, whether banks will be so eager to pass on the full benefits of any such cuts to consumers. The recent interest rate cut saw every major bank reduce theirhome loan rates by the full 0.25% with the exception of NAB, who faced strong criticism for their decision to offer less.
However, Australian banks are facing higher costs of funding due to the rising cost of lending across global money markets. It is suspected that these costs will be passed onto consumers by not passing on the full benefit of central rate cuts.
Therefore, it is predicted that the Reserve Bank's committee will have to cut interest rates by a bigger margin if it hopes to see any monetary benefit reach consumers.
One advantage for the consumer is the legislation meaning that home loans can now be transferred without exit fee, ensuring a greater level of competition between retail banks.
It may be the right time to consider Which4U's current savings account rates, in case these are set to fall in the near future.
Ashley King
Monday, 28 November 2011 13:19
View News Archive
Posted by Springhill Group Home Loans
Springhill Group Home Equity Loans helps you encash the present market value of the property by taking a loan by mortgaging the property.
Features of Loan Against Property
Purpose
Loan can be for any purpose. However, the funds should not be used for speculation or any illegal purposes. Customers have benefited by taking loans to meet the following funding requirements
Education
Marriage Expenses
Medical Expenses
Property
Residential
Non Residential
- Should be Fully Constructed
- Should be a Freehold property having a clear and marketable title.
Adjustable Rate Home Loan
Conditions apply on this kind of loan, please contact us directly to inquire.
Posted by Springhill Group Home Loans on 12/9/2011 9:54 PM
By Joseph Woelfel
NEW YORK (TheStreet) - The Federal Reserve is poised to start a new round of stimulus,Bloomberg reported, citing the biggest bond dealers in the U.S.
The Fed will inject more money into the economy next quarter by purchasing mortgage securities instead of Treasuries, the bond dealers said. The Fed may buy about $545 billion in home-loan debt, Bloomberg said.
The Fed bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June.
Separately, Bloomberg reported the Fed and big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing, Bloomberg said, based on 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions.
According to Bloomberg Markets magazine's January issue, the Fed didn't tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day; bankers didn't mention they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy; and no one calculated until now that banks got an estimated $13 billion of income by taking advantage of the Fed's below-market rates.
Fed officials say almost all of the loans were repaid and there have been no losses, but details suggest the secret funding enabled the biggest banks to grow even bigger, according toBloomberg.
The six biggest U.S. banks - JPMorgan Chase(JPM_), Bank of America(BAC_),Citigroup(C_), Wells Fargo(WFC_), Goldman Sachs(GS_) and Morgan Stanley(MS_)which received $160 billion from the Troubled Assets Relief Program, borrowed as much as $460 billion from the Fed, Bloomberg calculated, citing data obtained from the Fed.
- Written by Joseph Woelfel
>To contact the writer of
Over 200 people have been arrested in connection with a massive bank card fraud that may have bilked banks and clients out of a billion yuan ($159 million), the Xinhua News Agency reported yesterday.
The Ministry of Public Security detained 208 people in eight provinces and municipalities. Police said they confiscated thousands of bank cards and have frozen 150 bank accounts.
Police in eight regions coordinated the bust on June 11, following a lengthy investigation of key suspects including a Taiwanese surnamed Wu and a South Korean surnamed Park.
The investigation began in November 2011, when two Taiwanese were caught using a counterfeit bank card to withdraw cash from an automatic teller machine (ATM) in Shaoxing, Zhejiang Province, according to the ministry.
A similarly faked card was used three days later when another suspect tried to withdraw money from an ATM on Jiefang Road in the city.
The police investigation concludes that banks in South Korea and Thailand were the main targets of the swindle.
Local police in Shaoxing confirmed to the Global Times yesterday that 146 suspects were arrested in the city alone.
"All 208 suspects are now here for questioning, and no further details can be provided at the moment," a police officer surnamed Sun from Shaoxing public security bureau, told the Global Times.
The Shanghai-based Oriental Morning Post reported that the bust involves the largest amount of money and the most suspects of any bank card fraud in China. It is not known how the gang may have managed to swindle hundreds of millions of yuan from Chinese ATMs without being detected earlier.
Police say suspects in South Korea bought the phone numbers of bank clients online, and managed to scam them by posing as bank officials who were concerned their accounts were at risk, said Xinhua.
The clients were told to use their account number and password to log onto seemingly official South Korean websites. After obtaining the bank client's account in
Thailand is seeking help from China and South Korea to support its efforts to crack down on the smuggling of pseudoephedrine-based cold pills.
The move came after the Department of Special Investigation (DSI) obtained information that a Thai company had struck a deal to buy 10 billion pseudoephedrine-based cold tablets from a Chinese firm.
Previously, the DSI obtained information that the firm also signed a deal to buy 850 million tablets, or 40 tonnes of the medicine, from South Korea.
The DSI found that 87 million cold tablets were transported into Thailand from South Korea by plane on nine occasions since 2010.
They had false air cargo manifests to avoid attracting attention from the authorities.
The DSI suspected the medicines were smuggled in from South Korea.
The DSI is investigating two companies suspected of being involved in the smuggling of the pills from overseas.
The companies are UTAC Thai Co Ltd, a supplier of integrated circuits, and TVR Group Co Ltd, a car dealer and vehicle hire firm.
Some information relating to the drug purchases was uncovered at the companies during recent searches of their premises but the firms denied any involvement.
Mr Tarit said yesterday DSI officials also discovered a contract to buy 10 billion pseudoephedrine-based cold tablets from China during the search at UTAC Thai Co Ltd.
Under the contract, the first batch of 2 million tablets was to have been shipped to Thailand on July 31, 2009.
He said the DSI also found a photo showing a man collecting the pills from Suvarnabhumi airport cargo warehouse.
The cold tablets from China and South Korea have the same brand name of COLCOLCO, he said.
Mr Tarit said DSI officials also searched the company's factory but there was nothing amiss.
However, it was found that the company had three South Korean executives and one Thai executive, Mr Tarit said.
He said the Korean Food and Drug Administration recently sent information
Recent headlines about the troubled subprime lending industry are making Americans more aware of the consequences of risky lending practices. But unscrupulous lenders and scam artists continue to prey on unsuspecting loan shoppers and homeowners.
Unfortunately, loan-related scams aren't restricted to tricking consumers into loans with outrageously high interest rates. Today's sophisticated scammers are using loans as a vehicle to do everything from stealing sensitive personal information to virtually stealing a credit-challenged homeowner's own home. The mortgage experts at Loan.com have identified five top scams that all consumers - mortgage shoppers and homeowners alike - should be on the look-out for.
1. Unsolicited phone calls
Americans across the country have reported receiving phone calls from telemarketers posing as representatives from well-known organizations such as Fannie Mae offering to refinance loans at low rates. These "representatives" often ask for personal information, claiming they need it to qualify a victim for a loan. This information is then used to steal a victim's identity.
Loan.com's Advice: Be wary of any phone call offering remarkably low interest rates on loans, especially if you have registered your phone number with the Do Not Call Registry. Most major nationwide lenders do not solicit business over the phone. Never give out personal information over the phone unless you are absolutely sure who you are speaking with.
2. "Helpful" contractors
Many homeowners have reported contractors - often roofing or remodel professionals - approaching them with an offer to perform upgrades on their home at a reasonable price. These contractors offer financing through low-interest loans. It's not until after signing numerous forms that too many homeowners realize they have signed off on a high-interest home equity loan, and that the contractor has been hired by unscrupulous lenders to sell loans, not impro
ATLANTA - Cases of residential mortgage fraud reported by institutions in the home financing industry fell last year for the second year in a row, according to a new study.
The LexisNexis Risk Solutions Mortgage Fraud Report released Wednesday tracks verified instances of home loan fraud or misrepresentation by mortgage industry professionals, as reported by banks and other financial institutions.
The fraud could include a borrower falsifying information on loan documents but only if the borrower was conspiring with a mortgage industry professional.
The study found that mortgage fraud reports declined 35 percent between 2010 and 2011.
One factor in the decline is that mortgage loan originations sank to their lowest levels since 2001 last year, reflecting a sharp drop in sales of new and previously occupied homes.
Another is that fewer mortgage fraud schemes are taking place at the point where a buyer tries to get a home loan. Mortgage fraud involving the buying or selling of homes in some stage of foreclosure is becoming more common, according to the FBI.
Mortgage fraud investigations by the FBI resulted in 1,082 convictions in fiscal 2011, the agency has said.
Loan application and home appraisal fraud and misrepresentation made up the largest category of fraud type being investigated by lenders last year, according to the LexisNexis study.
Among the trends identified in the report: Instances where buyers and sellers potentially colluded in a home sale or purchase transaction are running at an elevated pace.
One red flag of collusion in a real estate transaction is when there is an undisclosed relationship between buyer and seller, or agent, which could potentially lead to a conflict of interest.
Unless disclosed, real estate transactions are expected to be arm's-length, or with buyer and seller having no relationship to each other.
In 2011, lenders reported that transactions where such a relationship was not disclosed declined t
ATLANTA - Cases of residential mortgage fraud reported by institutions in the home financing industry fell last year for the second year in a row, according to a new study.
The LexisNexis Risk Solutions Mortgage Fraud Report released Wednesday tracks verified instances of home loan fraud or misrepresentation by mortgage industry professionals, as reported by banks and other financial institutions.
The fraud could include a borrower falsifying information on loan documents but only if the borrower was conspiring with a mortgage industry professional.
The study found that mortgage fraud reports declined 35 percent between 2010 and 2011.
One factor in the decline is that mortgage loan originations sank to their lowest levels since 2001 last year, reflecting a sharp drop in sales of new and previously occupied homes.
Another is that fewer mortgage fraud schemes are taking place at the point where a buyer tries to get a home loan. Mortgage fraud involving the buying or selling of homes in some stage of foreclosure is becoming more common, according to the FBI.
Mortgage fraud investigations by the FBI resulted in 1,082 convictions in fiscal 2011, the agency has said.
Loan application and home appraisal fraud and misrepresentation made up the largest category of fraud type being investigated by lenders last year, according to the LexisNexis study.
Among the trends identified in the report: Instances where buyers and sellers potentially colluded in a home sale or purchase transaction are running at an elevated pace.
One red flag of collusion in a real estate transaction is when there is an undisclosed relationship between buyer and seller, or agent, which could potentially lead to a conflict of interest.
Unless disclosed, real estate transactions are expected to be arm's-length, or with buyer and seller having no relationship to each other.
In 2011, lenders reported that transactions where such a relationship was not disclosed d
ATLANTA - Cases of residential mortgage fraud reported by institutions in the home financing industry fell last year for the second year in a row, according to a new study.
The LexisNexis Risk Solutions Mortgage Fraud Report released Wednesday tracks verified instances of home loan fraud or misrepresentation by mortgage industry professionals, as reported by banks and other financial institutions.
The fraud could include a borrower falsifying information on loan documents but only if the borrower was conspiring with a mortgage industry professional.
The study found that mortgage fraud reports declined 35 percent between 2010 and 2011.
One factor in the decline is that mortgage loan originations sank to their lowest levels since 2001 last year, reflecting a sharp drop in sales of new and previously occupied homes.
Another is that fewer mortgage fraud schemes are taking place at the point where a buyer tries to get a home loan. Mortgage fraud involving the buying or selling of homes in some stage of foreclosure is becoming more common, according to the FBI.
Mortgage fraud investigations by the FBI resulted in 1,082 convictions in fiscal 2011, the agency has said.
Loan application and home appraisal fraud and misrepresentation made up the largest category of fraud type being investigated by lenders last year, according to the LexisNexis study.
Among the trends identified in the report: Instances where buyers and sellers potentially colluded in a home sale or purchase transaction are running at an elevated pace.
One red flag of collusion in a real estate transaction is when there is an undisclosed relationship between buyer and seller, or agent, which could potentially lead to a conflict of interest.
Unless disclosed, real estate transactions are expected to be arm's-length, or with buyer and seller having no relationship to each other.
In 2011, lenders reported that transactions where such a relationship was not disclosed declined to
Recent headlines about the troubled subprime lending industry are making Americans more aware of the consequences of risky lending practices. But unscrupulous lenders and scam artists continue to prey on unsuspecting loan shoppers and homeowners.
Unfortunately, loan-related scams aren't restricted to tricking consumers into loans with outrageously high interest rates. Today's sophisticated scammers are using loans as a vehicle to do everything from stealing sensitive personal information to virtually stealing a credit-challenged homeowner's own home. The mortgage experts at Loan.com have identified five top scams that all consumers - mortgage shoppers and homeowners alike - should be on the look-out for.
1. Unsolicited phone calls
Americans across the country have reported receiving phone calls from telemarketers posing as representatives from well-known organizations such as Fannie Mae offering to refinance loans at low rates. These "representatives" often ask for personal information, claiming they need it to qualify a victim for a loan. This information is then used to steal a victim's identity.
Loan.com's Advice: Be wary of any phone call offering remarkably low interest rates on loans, especially if you have registered your phone number with the Do Not Call Registry. Most major nationwide lenders do not solicit business over the phone. Never give out personal information over the phone unless you are absolutely sure who you are speaking with.
2. "Helpful" contractors
Many homeowners have reported contractors - often roofing or remodel professionals - approaching them with an offer to perform upgrades on their home at a reasonable price. These contractors offer financing through low-interest loans. It's not until after signing numerous forms that too many homeowners realize they have signed off on a high-interest home equity loan, and that the contractor has been hired by unscrupulous lenders to sell loans, not improve
Korea to support its efforts to crack down on the smuggling of pseudoephedrine-based cold pills.
The move came after the Department of Special Investigation (DSI) obtained information that a Thai company had struck a deal to buy 10 billion pseudoephedrine-based cold tablets from a Chinese firm.
Previously, the DSI obtained information that the firm also signed a deal to buy 850 million tablets, or 40 tonnes of the medicine, from South Korea.
The DSI found that 87 million cold tablets were transported into Thailand from South Korea by plane on nine occasions since 2010.
They had false air cargo manifests to avoid attracting attention from the authorities.
The DSI suspected the medicines were smuggled in from South Korea.
The DSI is investigating two companies suspected of being involved in the smuggling of the pills from overseas.
The companies are UTAC Thai Co Ltd, a supplier of integrated circuits, and TVR Group Co Ltd, a car dealer and vehicle hire firm.
Some information relating to the drug purchases was uncovered at the companies during recent searches of their premises but the firms denied any involvement.
Mr Tarit said yesterday DSI officials also discovered a contract to buy 10 billion pseudoephedrine-based cold tablets from China during the search at UTAC Thai Co Ltd.
Under the contract, the first batch of 2 million tablets was to have been shipped to Thailand on July 31, 2009.
He said the DSI also found a photo showing a man collecting the pills from Suvarnabhumi airport cargo warehouse.
The cold tablets from China and South Korea have the same brand name of COLCOLCO, he said.
Mr Tarit said DSI officials also searched the company's factory but there was nothing amiss.
However, it was found that the company had three South Korean executives and one Thai executive, Mr Tarit said.
He said the Korean Food and Drug Administration recently sent information regarding the nine shipments of pills which showed the contract to buy the cold tablets fro
SEOUL: Seoul shares rebounded on Thursday from losses the previous session, tracking an overnight Wall Street rally as solid U.S. corporate earnings lifted the S&P 500 index to a two-and-a-half month high.
The Korea Composite Stock Price Index ( KOSPI) was up 1.66 percent at 1,824.63 points as of 0240 GMT. Dampening the rebound, though, were sharp falls for shares of Korean banks being probed by authorities investigating how a key interest rate has been set.
The overall market got a boost after the S&P 500 hit its highest level since early May, helped by quarterly numbers from bellwethers such as Intel Corp and Honeywell and better-than-expected U.S. housing starts.
Seoul's broad market rally lifted 17 of the 19 industry group sub-indices tracked by the main bourse operator Korea Exchange. But analysts remained cautious on whether the rally can be sustained as concerns about growth persist.
"There is a dearth of fundamental cues to make any solid bets on," said Lee Woo-jin, an analyst at Woori Investment & Securities.
Investors looking for fresh signs of further easing by the U.S. Federal Reserve were left wanting, after Chairman Ben Bernanke repeated the central bank's pledge to act if the economy needed it, but remained tight-lipped over any specific measures.
Index-giant Samsung Electronics soared 3.6 percent while SK Hynix rose 1.2 percent.
Shares in South Korea's top four banks bucked broader market trend to post steep falls on Thursday after being investigated by the Fair Trade Commission (FTC), the local anti-trust agency, as part of a widening probe into suspected collusion in fixing certificate of deposit rates.
Hana Financial slumped 3.5 percent while Woori Finance Holdings tumbled 4.1 percent. Shinhan Financial and KB Financial each declined more than 2.5 percent.
see more details : http://newscenter.springhillgrouphome.com/
SEOUL: Seoul shares rebounded on Thursday from losses the previous session, tracking an overnight Wall Street rally as solid U.S. corporate earnings lifted the S&P 500 index to a two-and-a-half month high.
The Korea Composite Stock Price Index ( KOSPI) was up 1.66 percent at 1,824.63 points as of 0240 GMT. Dampening the rebound, though, were sharp falls for shares of Korean banks being probed by authorities investigating how a key interest rate has been set.
The overall market got a boost after the S&P 500 hit its highest level since early May, helped by quarterly numbers from bellwethers such as Intel Corp and Honeywell and better-than-expected U.S. housing starts.
Seoul's broad market rally lifted 17 of the 19 industry group sub-indices tracked by the main bourse operator Korea Exchange. But analysts remained cautious on whether the rally can be sustained as concerns about growth persist.
"There is a dearth of fundamental cues to make any solid bets on," said Lee Woo-jin, an analyst at Woori Investment & Securities.
Investors looking for fresh signs of further easing by the U.S. Federal Reserve were left wanting, after Chairman Ben Bernanke repeated the central bank's pledge to act if the economy needed it, but remained tight-lipped over any specific measures.
Index-giant Samsung Electronics soared 3.6 percent while SK Hynix rose 1.2 percent.
Shares in South Korea's top four banks bucked broader market trend to post steep falls on Thursday after being investigated by the Fair Trade Commission (FTC), the local anti-trust agency, as part of a widening probe into suspected collusion in fixing certificate of deposit rates.
Hana Financial slumped 3.5 percent while Woori Finance Holdings tumbled 4.1 percent. Shinhan Financial and KB Financial each declined more than 2.5 percent.
SEOUL: Seoul shares rebounded on Thursday from losses the previous session, tracking an overnight Wall Street rally as solid U.S. corporate earnings lifted the S&P 500 index to a two-and-a-half month high.
The Korea Composite Stock Price Index ( KOSPI) was up 1.66 percent at 1,824.63 points as of 0240 GMT. Dampening the rebound, though, were sharp falls for shares of Korean banks being probed by authorities investigating how a key interest rate has been set.
The overall market got a boost after the S&P 500 hit its highest level since early May, helped by quarterly numbers from bellwethers such as Intel Corp and Honeywell and better-than-expected U.S. housing starts.
Seoul's broad market rally lifted 17 of the 19 industry group sub-indices tracked by the main bourse operator Korea Exchange. But analysts remained cautious on whether the rally can be sustained as concerns about growth persist.
"There is a dearth of fundamental cues to make any solid bets on," said Lee Woo-jin, an analyst at Woori Investment & Securities.
Investors looking for fresh signs of further easing by the U.S. Federal Reserve were left wanting, after Chairman Ben Bernanke repeated the central bank's pledge to act if the economy needed it, but remained tight-lipped over any specific measures.
Index-giant Samsung Electronics soared 3.6 percent while SK Hynix rose 1.2 percent.
Shares in South Korea's top four banks bucked broader market trend to post steep falls on Thursday after being investigated by the Fair Trade Commission (FTC), the local anti-trust agency, as part of a widening probe into suspected collusion in fixing certificate of deposit rates.
Hana Financial slumped 3.5 percent while Woori Finance Holdings tumbled 4.1 percent. Shinhan Financial and KB Financial each declined more than 2.5 percent.
see more details : http://newscenter.springhillgrouphome.com/
Embattled Rupert Murdoch's empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company's board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp's stock to 8.3% high - the highest level it has reached since 2007.
"News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It's a good thing for shareholders." said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp's publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company's enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Meanwhile, its entertainment business is more profitable with revenues of USD 23.5 billion last year, accounting for around 75% of the firm's profit and almost all of the operating revenue in the first half of the fiscal year. News Corp's television and film business consists of the Fox News channel, Fox broadcasting network and 20th Century Fox film studio.
Experts are saying that the move to split the news and media operations from its more profitable film and TV businesses might be a good one, as the former has been marred by the
Embattled Rupert Murdoch's empire, News Corp. appears to be planning a spin-off of its core businesses.
Its own flagship newspaper, The Wall Street Journal, has reported this week that the company's board is considering a proposal that will make its publishing arm into a separate company.
Springhill Group Home analysts expect such separation of assets would appease regulators and could help it to avoid selling a USD 6.9 billion stake. Fortunately, the same became true for investors as the announcement was met with the rallying of News Corp's stock to 8.3% high - the highest level it has reached since 2007.
"News Corp. has one of the best TV businesses, but some people like musty, dusty publishing companies that pay great dividends. It's a good thing for shareholders." said an analyst from Lazard Capital.
The media conglomerate has not yet specified which business units would be grouped together but the company is reportedly mulling to separate the entertainment operations from the book and newspaper publishing one.
News Corp's publishing business brought in USD 8.8 billion in profit last year, accounting for about 7% of the company's enterprise value or 24% of the revenues. This division includes a number of prominent newspapers (Times of London, The Wall Street Journal, New York Post, The Australian and the Sun) and HarperCollins book publisher, all of which are valued for around USD 5 billion.
Meanwhile, its entertainment business is more profitable with revenues of USD 23.5 billion last year, accounting for around 75% of the firm's profit and almost all of the operating revenue in the first half of the fiscal year. News Corp's television and film business consists of the Fox News channel, Fox broadcasting network and 20th Century Fox film studio.
Experts are saying that the move to split the news and media operations from its more profitable film and TV businesses might be a good one, as the form