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Midwesterners eye rising rivers; Chicago could get 9 inches of snow

FENTON, Mo. -- Flood-weary Midwesterners fought Friday to save their homes and businesses from rivers spilling over their banks after rainstorms blamed for at least 16 deaths moved through the region.Thousands of people from Arkansas through Ohio were staying in shelters or with relatives as flood waters lapped against their homes.Major Byron Medloch of the Salvation Army said Friday that 1,000 people displaced by the Meramec River in eastern Missouri were housed in shelters. Another 1,000 were in shelters near Poplar Bluff in far southeast Missouri, where the surging Black River breached several levees.``People are tired,'' Medloch said. ``Tired of fighting and tired of waiting. They're just frustrated because they can't get back into their homes.''To the north, a fresh snowstorm blew through Minnesota and into the Chicago area, prompting authorities to cancel flights protectively. more

As tax forms multiply, business booms for accountants

For every Byzantine form the Internal Revenue Service adds each tax season, it seems business for Collinsville accountant James Funkhouser gets that much better."Our clients have changed so much in the past three, four years," said Funkhouser, who opened TTS Tax Services with his wife in 1980. "Our clients have more tax issues now."So confusing are the forms that small, independent tax preparers like TTS - once hard hit by big-name firms like behemoth H&R Block - have seen a steady increase in business, one so significant it's insulated them against a trove of new tax software, such as the juggernaut Turbo Tax."Some think it's just too complex," said Edwardsville accountant Ed Small, who also taught accounting at Southern Illinois University Edwardsville several years ago.He said ever-changing tax codes - an estimated 15,000 changes, for example, have been made to the 66,000-page federal tax code since the 1980s - have made do-it-yourself taxes just too difficult for some."If all you have is a W-2 and some interest, then you should be able to do your own taxes," he said. more

(AFX UK Focus) 2008-03-24 00:46 GMT: Tokyo shares open mixed on profit-taking after weak business sentiment data

TOKYO (Thomson Financial) - Japanese shares were mixed in early trade Monday as investors locked in profits from recent gains after a weak reading on business sentiment.

The business sentiment diffusion index for large Japanese companies dropped to minus 9.3 in the first quarter from plus 0.5 in the previous quarter, reflecting growing concern about profits, the government said before the opening bell.

At 9.19 am (0019 GMT), the blue chip Nikkei 225 Stock Average was down 11.77 points or 0.1 percent at 12,470.80. The broader Topix rose 1.49 points or 0.1 percent to 1,221.53.

The Nikkei gained nearly 700 points over the previous three sessions.

(1 US dollar = 99.63 yen)

masami.hachisu@thomson.com

hm/jm

Recent Business Commercial Mortgage News

Banks trim borrowing from Fed's emergency program - New Orleans Times-Picayune

The Fed, in a report issued Thursday, said commercial banks averaged $18.74 billion in daily borrowing ... Under one such program, the Fed is on track to buy $1.25 trillion in mortgage securities from Fannie Mae and Freddie Mac by the end of March.

Pessimism may just be realism - Edmond Sun

... delinquencies at banks are rising every month, just as total loans to commercial and industrial customers are falling at an unprecedented rate of over 17 percent in less than two years. While President Obama is urging banks to lend, bank ...

XL Rebounds From ‘Depths of Despair’ to Lead S&P 500 (Update1) - Bloomberg

XL climbed $14.63 to $18.33 this year in New York Stock Exchange composite trading after plummeting more than 90 percent in 2008 when it was the second-worst performer in the index. The shares traded as low as $2.56 in February, falling from $85.67 ...

Syringa Bancorp Announces Capital Offering - Stockhouse

Syringa Bank was formed in 1996 and has since expanded to six branch locations, and two mortgage offices, all within the ... conditions between banks and non-bank financial service providers, interest rate fluctuations, regulatory and accounting ...

Citigroup, Marshall & Ilsley Post Biggest S&P Drops (Update4) - BusinessWeek

Dec. 31 (Bloomberg) -- Citigroup Inc. and Marshall & Ilsley Corp. were among the worst performing stocks in the Standard & Poor’s 500 Index this year, dragged down by defaults on commercial and residential property loans that may extend declines ...

Business Highlights - News/Talk 750 WSB

WASHINGTON (AP) _ A record 20 million-plus people collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent. As the pace of layoffs slows, the number of new applicants visiting unemployment offices ...

Banks trim borrowing from Fed's emergency loan program as credit ... - New York's PIX11 / WPIX-TV

WASHINGTON (AP) — Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, a sign credit stresses are easing. The Fed, in a report issued Thursday, said commercial banks averaged $18.74 billion in daily ...

2009 Year in Review Part II - Star Community Newspapers

While the economy was a hot topic to start the year, both in The Colony and around the country, it was not the only national issue generating local interest in 2009. The second half of the year featured a controversial speech, a "flag flap," and more ...

The first years of the 21st century for Minnesota business were ... - Pioneer Press

So much for the 00's. A decade that started out with a roaring economy and the excitement of St. Paul's new Xcel Energy Center was marked by two recessions and a spate of scandals. Mergers brought Pillsbury back within local control and strengthened ...

How Commercial Real Estate Could Trigger a Double-Dip - Daily Finance

This also means less demand for business-related hospitality services, such as hotels and restaurants. Add these structural headwinds to the unavoidable heavy losses and write-downs facing CRE lenders, and you get a recipe for a major drag on lending ...

Welcome to Business commerse

Business Commercial Mortgage Article

Midwesterners eye rising rivers; Chicago could get 9 inches of snow

As tax forms multiply, business booms for accountants

(AFX UK Focus) 2008-03-24 00:46 GMT: Tokyo shares open mixed on profit-taking after weak business sentiment data

Recent Business Commercial Mortgage News

Banks trim borrowing from Fed's emergency program - New Orleans Times-Picayune

Pessimism may just be realism - Edmond Sun

XL Rebounds From ‘Depths of Despair’ to Lead S&P 500 (Update1) - Bloomberg

Syringa Bancorp Announces Capital Offering - Stockhouse

Citigroup, Marshall & Ilsley Post Biggest S&P Drops (Update4) - BusinessWeek

Business Highlights - News/Talk 750 WSB

Banks trim borrowing from Fed's emergency loan program as credit ... - New York's PIX11 / WPIX-TV

2009 Year in Review Part II - Star Community Newspapers

The first years of the 21st century for Minnesota business were ... - Pioneer Press

How Commercial Real Estate Could Trigger a Double-Dip - Daily Finance

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