BRIEFCASE.Byline: - Staff and wire reports California homes less affordable California households fell $60,380 short of the qualifying income to buy a median-priced home in the first quarter, the state Association of Realtors reported Tuesday. The median price for a home in the state in the quarter was $488,600, which requires a household income of $113,920 to qualify for standard loans, the group said. But the state's household median income was only $53,540. ``These numbers are particularly troubling for would-be first-time home buyers, who often are locked out of homeownership because of the lack of affordable homes for sale,'' said association President Jim Hamilton James Hamilton (born February 9, 1976) is an experienced Scottish football striker, having played for eight senior clubs in his career. He currently plays for Dunfermline Athletic in the Scottish Premier League. . In Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , the gap was somewhat less at $59,320, but in the Bay Area the gap exploded to $92.930. United Online Inc. has mixed results WOODLAND HILLS - Revenue surged in the first quarter for discount Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. United Online Inc., but the company reported Tuesday that profits slipped. Revenue increased to $130.5 million from $107.7 million in the same period last year, while net income dipped to $11.5 million, 18 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , from $12.4 million, 18 cents per share, in the like period. In addition to the earnings news, the company announced after the market close that it will begin paying a regular quarterly dividend. Shareholders of record as of May 13 will receive a dividend of $0.20 per share on May 31. Vons' parent sees tripling of profit SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Safeway Inc.'s first-quarter profit more than tripled to exceed analyst expectations, but the nation's third largest grocer warned that its earnings are likely to falter in the current quarter. The Pleasanton-based company said Tuesday that its net income surged to $131.3 million, or 29 cents per share, for the three months ended March 26. That surpassed Safeway's profit of $43.1 million, or 10 cents per share, a year ago. Revenue for the period totaled $8.62 billion, a 12 percent improvement from $7.68 billion at the same time last year. Icahn Blockbuster block·bust·er n. 1. Something, such as a film or book, that sustains widespread popularity and achieves enormous sales. 2. A high-explosive bomb used for demolition purposes. 3. selections urged DALLAS - An influential advisory service is recommending that Blockbuster Inc. shareholders vote for two candidates nominated nom·i·nate tr.v. nom·i·nat·ed, nom·i·nat·ing, nom·i·nates 1. To propose by name as a candidate, especially for election. 2. To designate or appoint to an office, responsibility, or honor. by Carl Icahn Carl Celian Icahn (born February 16, 1936) is an American billionaire financier, corporate raider, and private equity investor. Carl Icahn Net worth is $14.5 Billion as of 2007 Forbes estimate. but not actually for Icahn, the financier who launched the proxy challenge to management of the nation's largest movie-rental chain. However, Institutional Shareholder Services said Tuesday in a report to shareholders that Chief Executive Officer John F. Antioco should stay. Asian automakers report U.S. gains DETROIT - Asia's top automakers on Tuesday reported double-digit U.S. sales gains in April, further chipping away at the market share of leaders General Motors Corp. and Ford Motor Co. GM and Ford both reported lower sales last month as demand for sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. and other light trucks, which generate some of the highest profit margins, slipped against a backdrop of higher gas prices. e goods, which make up a little more than half of total factory orders. |
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