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Neuberger Berman Touts Stability for Investors in 2013

A new report from Neuberger Berman Group LLC indicates that 2013 will usher in greater stability and a reduction in uncertainty and volatility for investors. Releasing macroeconomic analysis, the company touted diversification of assets and the appeal of real estate securities during the year ahead.

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Another Price Reduction for Larry Hagman’s Former Home

Though he became famous for his role on legendary television show, Dallas, the late Larry Hagman is making posthumous headlines far from Texas, following news of another price reduction on the West Coast property he once called home. Located in Ojai, California, the actor's 43-acre estate was originally placed on the market in 2009 for $11 million and the listing's asking price has now dropped to $6.495 million.

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Zillow Brings on Industry Vet as VP of Strategic Partnerships

New

Zillow, Inc., announced real estate industry vet Chris Crocker is joining the team as the company's VP of strategic partnerships. Crocker brings to the position more than 16 years of experience in the real estate industry, having served most recently as regional VP of operations for the Southwestern U.S. region of NRT, LLC.

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Initial Jobless Claims Jump to 372K to End 2012

Unemployment

First-time claims for unemployment insurance rose 10,000 to 372,000 for the week ending December 29, the third-lowest level of the year, the Labor Department reported Thursday. Economists expected claims to increase to 363,000. The previous week's report was revised upward to 362,000 from the originally reported 350,000, an unusually large revision but reflective of intervening holidays, during which state processing offices were closed.

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Flagstar Announces Executive Leadership Changes

In Michigan, Flagstar Bancorp, Inc. (FBC), and its subsidiary, Flagstar Bank (FSB) are starting the new year with an executive leadership shakeup. Recent changes included the promotion of Alessandro DiNello to president and chief administrative officer of FSB and Matthew Kerin to president of FSB's mortgage banking unit.

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Commentary: Addressing the Wrong Problem

Negotiators in Washington face a dismal weekend leading up to -- and perhaps including -- New Year's Eve, made worse because they're trying to solve the wrong problem. They're wrangling over how to avoid the fiscal cliff when a series of laws aimed at or contributing to the nation's deficit are set to expire, complicated by Treasury Secretary Timothy Geithner's pronouncement the nation is approaching its debt ceiling.

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