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   because of economic softness and cuts in government spending. 3M is looking to accelerate its growth in the mining, oil, and gas industries by adapting its current tapes and filters to those fast-growing industries. New CEO Inge G. Thulin said 3M has "confidence in our ability to deliver, even against weak segments and regions and against an uncertain global economy,toms outlet." Thulin became president and CEO in February, and is expected to be named chairman at the company's annual meeting on May 8. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By CHRISTOPHER S. RUGABER, Associated Press WASHINGTON (AP) Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, foreclosures tend to limit demand for new homes.  Some economists expect foreclosures to keep prices under pressure this year, even though they think sales of previously occupied homes will rise,cheap toms shoes. Banks are stepping up foreclosures in about half the states. The increase comes after state officials settled a dispute in February with five of the biggest mortgage lenders over foreclosure abuses. "Foreclosures, excess supply and weak demand will drive home prices ... down at least another 5 percent," said Patrick Newport, an economist at IHS Global Insight,tomsoutletsalecheap.com. The Standard Poor's/Case-Shiller home-price index, released Tuesday, showed that prices dropped in February from January in 16 of the 20 cities it tracks. That's the sixth straight decline. And new-home sales fell sharply in March, the Commerce Department said. Sales dropped 7.1 percent to a seasonally adjusted annual rate of 328,000. Still, there were good signs in both reports. New home sales were revised sharply upward in February to show a 7.3 percent gain, much larger than initially reported. That suggests that warm winter weather might have pulled some sales into February that normally would have occurred in March. As a result, new-home sales rose 7.5 percent in March compared with a year earlier. And the pace of decline in the S P/Case-Shiller index slowed. Some economists said that suggests prices are stabilizing. The index fell 3.5 percent over the 12 months that ended in February. That's the smallest annual drop in a year. Purchases of previously occupied homes, meanwhile, rose in January and February, making this winter the best for sales in five years. Such purchases dropped back in March, to a seasonally adjusted annual rate of 4.48 million. Builders are laying plans to construct more homes in 2012 than at any other point in past 3 years. More jobs and a better outlook among buyers could a
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dft3z1dfg Newbie Joined: Apr 30 2013 Location: United Kingdom Online Status: Offline Posts: 22	Topic: toms outlet rewritten or redistributed. Your comm Posted: May 04 2013 at 3:14am
	because of economic softness and cuts in government spending. 3M is looking to accelerate its growth in the mining, oil, and gas industries by adapting its current tapes and filters to those fast-growing industries. New CEO Inge G. Thulin said 3M has "confidence in our ability to deliver, even against weak segments and regions and against an uncertain global economy,toms outlet." Thulin became president and CEO in February, and is expected to be named chairman at the company's annual meeting on May 8. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download. By CHRISTOPHER S. RUGABER, Associated Press WASHINGTON (AP) Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak. Foreclosed homes are usually sold at steep discounts, thereby lowering average prices. And by expanding the supply of low-priced previously occupied homes, foreclosures tend to limit demand for new homes. Some economists expect foreclosures to keep prices under pressure this year, even though they think sales of previously occupied homes will rise,cheap toms shoes. Banks are stepping up foreclosures in about half the states. The increase comes after state officials settled a dispute in February with five of the biggest mortgage lenders over foreclosure abuses. "Foreclosures, excess supply and weak demand will drive home prices ... down at least another 5 percent," said Patrick Newport, an economist at IHS Global Insight,tomsoutletsalecheap.com. The Standard Poor's/Case-Shiller home-price index, released Tuesday, showed that prices dropped in February from January in 16 of the 20 cities it tracks. That's the sixth straight decline. And new-home sales fell sharply in March, the Commerce Department said. Sales dropped 7.1 percent to a seasonally adjusted annual rate of 328,000. Still, there were good signs in both reports. New home sales were revised sharply upward in February to show a 7.3 percent gain, much larger than initially reported. That suggests that warm winter weather might have pulled some sales into February that normally would have occurred in March. As a result, new-home sales rose 7.5 percent in March compared with a year earlier. And the pace of decline in the S P/Case-Shiller index slowed. Some economists said that suggests prices are stabilizing. The index fell 3.5 percent over the 12 months that ended in February. That's the smallest annual drop in a year. Purchases of previously occupied homes, meanwhile, rose in January and February, making this winter the best for sales in five years. Such purchases dropped back in March, to a seasonally adjusted annual rate of 4.48 million. Builders are laying plans to construct more homes in 2012 than at any other point in past 3 years. More jobs and a better outlook among buyers could a Related articles: tomsoutletsalecheap.com to $75.67 in morning trading. Through Tuesday toms shoes sale $18.82 billion toms shoes sale In a first-of-its-kind ruling

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iyrtdodada Senior Member Joined: Mar 20 2013 Location: United Kingdom Online Status: Offline Posts: 132	Posted: May 04 2013 at 7:41am
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