2:05AM EST: Flatbush Hatzolah is on the scene of a serious MVA on Beverly Road and Ocean Parkway. Arriving units are requesting paramedics forthwith to the scene. NYPD ESU & FDNY have been requested to extricate the patients trapped in the vehicle. Click HERE for photos by Hillel Engel for YWN. (YWN Desk – NYC)

One in 10 American households with a mortgage was at risk of foreclosure this summer as the government’s efforts to help have had little impact stemming the housing crisis. About 9.9% of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday. (Read More: USA Today)

YWN regrets to inform you of the Petira of HaRav HaChosid Reb Moshe Duvid Strom ZATZAL, of London this morning at age 97. The Levaya is to leave his residence at 11.00am to Israel. Reb Moshe Duvid was a talmid of the Kedushas Tzion of Bobov and leaves behind children, grandchildren, great-grandchildren and great-great grandchildren. May he be a [...]

Stocks snapped a four-day losing streak Wednesday after a late rally. Stocks had been lower for much of the day after dismal housing and durable goods data stressed the prospect of an economic slowdown. The Dow Jones Industrial Average ended up about 20 points, or 0.2 percent, ending above 10,000, after falling below that mark earlier. This [...]

U.S. stocks closed sharply lower Tuesday after a report showing showing a worse-than-expected plunge in existing home sales reignited fears about an economic slowdown. The Dow Jones industrial average (INDU) sank 134 points, or 1.3%, the S&P 500 (SPX) lost 15 points, or 1.5%, and the Nasdaq (COMP) composite fell 36 points, or 1.7%. Disappointing economic news [...]

Stocks ended lower Monday, led by industrials, materials and techs. Investors once again shrugged off a wave of merger-and-acquisition activity, which normally gives the market a boost. The Dow Jones Industrial Average fell 39.21, or 0.4 percent, to close at 10,174.41. That brought its three-day loss to 2 percent. The S&P 500 and Nasdaq also fell, with [...]

Members of the Flatbush Shomrim put criminals on the edge by sending a clear message. “If you want to steal rims off cars, find yourself another neighborhood”. On Monday morning August 23 at 4:45AM members of the Flatbush Shomrim observed two males jacking up a car, removing the bolts and then attempted to steal the rims. [...]

U.S. commercial real estate prices posted their first quarterly gain in more than two years last quarter, data showed on Monday, although deepening economic gloom may cut post-slump celebrations short. After shedding about a third of their value between the first quarters of 2008 and 2010, average U.S. commercial property prices rose by 2.2 percent in [...]

Intel said on Thursday that it has agreed to buy McAfee, the computer antivirus software maker, for about $7.7 billion in cash, as the chip giant seeks to expand its presence in security services. Under the terms of the deal, Intel will pay $48 a share in cash, a 60 percent premium to McAfee’s Wednesday closing [...]

General Motors filed for an initial public offering of stock on Wednesday, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy. Morgan Stanley, JPMorgan, Bank of America Merrill Lynch and Citigroup have been selected as the lead underwriters for the IPO by the top U.S. automaker. GM’s initial [...]