Mortgage Blog

There are more businesses for sale in Honolulu than there were at this time last year, but the median revenue and cashflow of those businesses is on the decline, according to a recent report from BizBuySell.com.

The number of businesses listed for sale in Honolulu was 20 in the second quarter of 2018, compared to 15 in Q2 2017. That's an increase of 33.3 percent.

The business-for-sale marketplace reported that the median asking price for the quarter was $174,950, a 12.3 percent year-over-year…

Wells Fargo & Co. (NYSE: WFC) missed the mark on what analysts expected in its second-quarter earnings report released this morning.

The San Francisco-based bank — the third-largest bank in Central Florida by ocal deposits — posted a net income of $5.2 billion, or 98 cents in diluted earnings per share — a more than 10% drop in net income compared to this time last year.

Earlier this week, analysts predicted, on average, diluted earnings per share of $1.12, and total revenue ranging from…

While sales were down for small businesses, the median sale price was higher, according to a report by BizBuySell.

The Pittsburgh-based bank made the announcement during its recent earnings call.

The California Public Employees’ Retirement System reported a preliminary 8.6 percent return on investments for its fiscal year ended June 30, with strong returns from private equity and infrastructure investments.

Sacramento-based CalPERS, which is the largest U.S. pension fund, had assets of $351 billion at the end of the fiscal year, it said Thursday. As of Thursday, CalPERS' assets were up to $357 billion.

The 8.6 percent return for 2018 is down from last year’s return of 11.2 percent,…

San Francisco-based Wells Fargo & Co. saw a decline in growth during the second quarter, but executives remained confident in their steps to put scandal behind them during discussion of the results on Friday.

A Nationwide Insurance agent in Virginia has filed a lawsuit against the company over its plan to shift its distribution model to independent agents.

The suit was filed this week in U.S. District Court for the Western District of Virginia. The agent, Patrick Potter, said in the complaint that the way Nationwide is forcing captive agents to become independent agents could harm retirement benefits and force them to pay to maintain relationships with their clients.

Nationwide announced in April…

Naviss LLC, a St. Charles firm that sells extended warranties for vehicles, filed Chapter 7 bankruptcy this month.

Boca Raton resident William Lieberman was sentenced to seven years in federal prison for leading a “pump and dump” penny stock fraud, according to prosecutors.

Lieberman, 42, pleaded guilty in May 2017 to conspiracy to commit mail and wire fraud and tax evasion. He was sentenced to prison and ordered to pay both $5.3 million in restitution to victims and $436,235 to the IRS on Friday by U.S. District Judge Jeffrey A. Meyer in New Haven, Connecticut.

According to prosecutors, Lieberman held…

Austin's Student Loan Hero Inc. is being bought by a publicly traded financial-technology company with a market capitalization of nearly $3 billion.

LendingTree Inc., which is based in Charlotte, North Carolina, announced Friday that it plans to acquire the business for $60 million.

The all-cash transaction between is expected to close by the end of this quarter.

Student Loan Hero has developed online programs for student loan borrowers such as loan calculators and other financial education tools. Since…