Archive | October 8, 2007

Housing slump set to cut volume at LA ports

(LOS ANGELES) The busiest port complex in the US could see its first decline in container traffic in four years because of the housing market slump and a loss of consumer confidence that is making retailers cautious about importing goods. Volume at the adjoining Los Angeles and Long Beach ports had been expected to increase […]

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US real estate agency files for bankruptcy

NEW YORK – FOXTONS, a discount real estate agency, has joined mortgage lenders that have buckled under the weight of United States sub-prime woes and filed for bankruptcy protection. The company listed debt of US$480,944 (S$710,354) and assets of US$2.6 million in the Chapter 11 documents it filed on Friday. The agency, which pioneered selling […]

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