MIAMI, April 30, 2009 (GLOBE NEWSWIRE) — Omega Commercial Finance Corporation (Pink Sheets:OCFN) has released the following statement to its shareholders:
In keeping with our pledge to increase transparency and improve the effectiveness of communication with our investor community, we are initiating a series of periodic updates to help keep potential investors and shareholders informed about [...]
Stocks reverse direction on upbeat economic data
Stocks recovered from opening losses to post modest gains on Tuesday as housing and consumer confidence data fueling hopes a recession was easing offset concerns that major banks may need to raise more money.
Citigroup Inc is talking to the U.S. government about its capital levels after receiving early results [...]
Commitment for 50% Loan to Value, Valued At Approximately $58 Million for Mexico Resort Project
MIAMI, April 27, 2009 (GLOBE NEWSWIRE) — Omega Commercial Finance Corporation (Pink Sheets: OCFN) is extremely pleased to announce that the Company. through BBB Developments Mexico, has received a Pre-qualified commitment letter for financing from BBVA Bancomer Bank for the completion [...]
Stocks are lower after better-than-expected earnings report from Citigroup and GE
Wall Street struggled to find a direction Friday as investors sorted through better-than-expected earnings reports from banking giant Citigroup Inc. and industrial conglomerate General Electric Co.
Stocks fluctuated in the early going, making modest moves as investors were relieved the reports weren’t worse, but were mindful [...]
Stocks are mixed on bank earnings and mixed economic data
The Dow and S&P 500 lost ground on Thursday as some investors fretted about the quality of bank earnings, which weighed on financial shares, and after a report that IBM was not interested in further negotiations with Sun Microsystems Inc.
New U.S. housing starts fell more than [...]
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