| Perks for Fort Pierce Utilities Authority Board members add up to $84 ...
FORT PIERCE Benefits members of the Fort Pierce Utilities Authority Board receive add up to some of the most generous perks in the city and state for service to a public utilities board. Each director of the five-member board that meets twice per month and is paid for up to 10 hours every two weeks gets: .
Countrywide loss doesn't deter proposed BofA buyout
Countrywide's fourth-quarter earnings fell far short of Wall Street estimates, with a loss more than double what analysts predicted. But investors didn't run away from the nation's mortgage lender; instead, they sent Countrywide shares up 36 cents, or 6.5 percent, to close at $6.31. Stock in Bank of America — which has offered $4.1 billion in stock for Countrywide — rose 74 cents, or 1.8 percent, to close at $41.94 Tuesday. Calabasas, Calif.-based Countrywide posted its second consecutive quarterly loss as rising home loan delinquencies forced it to boost loss provisions and take impairment charges. In the third quarter, it reported a loss of $1.2 billion. The $422 million loss — or 79 cents per share — contrasts with earnings of $622 million — $1.01 per share — during the same period the previous year.
Candidates feud overflows into Fort Pierce mayoral race
FORT PIERCE The recent tiff over a 911 call isn't the first time mayoral candidates Philip "Flip" Gates Jr. and Rick Reed have gone toe to toe. In fact, according to a police report, the two have gone "nose to nose." Police Chief Sean Baldwin said police have responded to the neighboring homes of Reed and Gates on several occasions in the past three years. Reed lives at 716 S. Second St., behind Gates' house at 711 Indian River Drive. "This seems to be an ongoing feud," Baldwin said. Reed said it all started several years ago when Gates' American bulldog attacked and killed Reed's Chow Chow, Patrick. But Gates said his dog never attacked Reed's dog, and police couldn't locate an incident report. Some of the documented incidents over the years include: In January 2006, Gates called police on Reed alleging Reed threatened Gates' wife, Sunny, with a broom and cursed at her, according to a 911 report.
Teachers from India, St. Lucie students get up to speed
Durai Sathanan works with his fifth-grade algebra class at Dan McCarty Middle School in Fort Pierce on Friday. Sathanan is one of 17 teachers from India teaching in the school district as part of an exchange program with Florida Atlantic University. .
More of the week's biggest real estate deals in the Valley.
Southern California house, condo sales hit 9-year low
The number of homes sold in Southern California fell 17 percent last month to the lowest level for a January in nine years, mirroring a national slowdown in the sale of houses and condominiums, DataQuick Information Systems said. Mortgage refinancing gets tougher
With rates on many homeowners' adjustable-rate mortgages rising, some who would like to refinance into a new loan are finding they can't. Valley renters paying more
Your rent is rising faster than your paycheck. A new report this morning shows Valley renters will pay 5.4 percent more this year, to $785 a month. Vacant homes for sale cloud hopes for housing recovery
Amid brightening hopes that the U.S.
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