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JetBlue Steps in to Help Stranded Spirit Customers with $99 Rescue Fares, Announces Plans to Add 11 Destinations From Fort Lauderdale JetBlue Airways Corporation - NewsroomWhy did Spirit fail? Too many passengers hated flying it CNNSpirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart WSJFrontier Airlines Announces Discounted Rescue Fares to Support Spirit Airlines Customers Frontier Airlines
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Long Lake Management has agreed to buy American Express Global Business Travel in a take-private deal which values the business at about $6.3bn.
The post Deal Roundup: Long Lake agrees $6.3bn Amex GBT take-private, EQT boosts Intertek offer to over £10bn including debt appeared first on AltAssets Private Equity News.
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After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
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