U.S. home sales may suggest housing bottom near; Construction spending rose in March

Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in March, rose 3.2 percent to 84.6. February’s pending home sales index [...]

Western Alliance Bancorp Reports $86.5 Million Net Loss in Q1

Western Alliance Bancorporation (NYSE: WAL) reported a net loss of net loss of $86.5 million, or $2.33 per share for the first quarter ended March 31, 2009, compared to net income of $4.1 million, or $0.14 per share for the a year earlier.
The company said first quarter 2009 results include a non-cash goodwill impairment charge [...]

March Mass Layoffs Highest On Record

In March, employers took 2,933 mass layoff actions involving 299,388 workers, the highest levels on record. Mass layoff events increased by 164 from February, and initial claims increased by 3,911. Twenty-six states reached program highs for March in terms of average weekly initial claims.
Additionally, new jobless claims rose more than expected last week. Both figures [...]

Serving the Media’s Agenda

You don’t sit at your desk all day, waiting for a phone call from journalists. Similarly, reporters don’t sit at their desks waiting for news about your company. In fact, given today’s smaller news staffs (because of reduced advertising revenues) and their increasingly busy workdays, there’s a very good chance reporters may not even see [...]

Existing-home sales down sharply in November

Existing-home sales, including single-family, town homes, condominiums and co-ops, fell 8.6 percent to a seasonally adjusted annual rate of 4.49 million units in November from a downwardly revised level of 4.91 million in October, and are 10.6 percent below the 5.02 million-unit pace in November 2007.
Total housing inventory at the end of November rose 0.1 [...]

News Is What The Media Says It Is

You don’t sit at your desk all day, waiting for a phone call from journalists. Similarly, reporters don’t sit at their desks waiting for news about your company. In fact, given today’s smaller news staffs (because of reduced advertising revenues) and their increasingly busy workdays, there’s a very good chance reporters may not even see [...]

Selecting a PR Firm

That’s an important consideration in the selection of public relations firm: Experience. The larger, national or international firms are filled with experience; much of it derived from professionals who’ve spent their entire careers working for public relations agencies.