Aurora Business


“Political drama in Washington prompted mortgage rates to fall as investors scale back their expectations for the passage of legislation that might boost economic growth,” said Svenja Gudell, chief economist at real estate data provider Zillow. “Expectations for slower economic growth could translate into a slower pace of interest rate hikes by the Federal Reserve in the months ahead.”


It’s not just because his last few months have been spent living in many of Aurora’s top-tier lodging establishments — including the Hyatt Regency, the Crowne Plaza and about a half-dozen other hotels around town. Although, that living-out-of-his-suitcase lifestyle as he looks for a more-permanent Aurora address has certainly helped


LEVINSON: “We weren’t just dealing with headlines. You have to get into the flesh-and-blood characters, not just the financial aspects. You got to get as human as you can: What is the dynamic between Bernie and Ruth, and between the two sons,” both of whom worked for Madoff and were suspected of having known what he was up to, and one of whom, Mark, would commit suicide on the two-year anniversary of his father’s stunning downfall. “It is a true tragedy that in the end destroyed the entire family.”


“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early Wednesday. “Reducing costs and becoming as lean and efficient as possible also remain part of that work.”


Housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department reported Tuesday. That followed a 6.6 percent decline in March and left home building at its lowest point since last November. The weakness was led by a big drop in construction of apartments, a volatile sector.