Finance
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Empire State Building owner, Potbelly going publicSep 27, 2013 3:13 pm - NEW YORK — Starting next week, you could own a piece of the Empire State Building. Or, if iconic New York skyscrapers aren’t your thing, you could bite into Potbelly, a ...
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FHA to draw $1.7 billion to cover lossesSep 27, 2013 1:16 pm - WASHINGTON — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allo...
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Archer Daniels move worries Decatur residentsSep 24, 2013 3:45 pm - DECATUR — To Decatur, the loss of Archer Daniels Midland’s global headquarters is about more than a couple hundred jobs: The small central Illinois city will be losing t...
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Smithfield shareholders vote in favor of Chinese company takeoverSep 24, 2013 3:24 pm - Smithfield Foods Inc. shareholders voted to approve Shuanghui International Holdings Ltd.’s $4.7 billion deal, the largest Chinese acquisition of a U.S. company. The $34...
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Citigroup drops after report bond-trading revenue to declineSep 23, 2013 11:04 am - Citigroup Inc. fell the most since June, the fourth-worst performance in the Standard & Poor’s 500 Index, after a newspaper reported that the bank’s third-quarter bond-t...
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Rock-bottom mortgage rates evaporating on recovery in U.K.Sep 22, 2013 6:25 am - Rock-bottom mortgage rates may be a thing of the past in the U.K. as banks’ borrowing costs surge amid growing evidence that an economic recovery is taking hold. Five-ye...
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Harvard launches $6.5 billion capital campaignSep 21, 2013 6:54 pm - BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher educa...
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Burst of IPOs follows market gainsSep 21, 2013 5:06 am - The stock market has been heating up, driving demand for IPOs. There have been 140 initial public offerings of stock this year, up 46 percent from the same time in 2012...
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U.S. 30-year mortgage rate dips to 4.50 percentSep 19, 2013 4:26 pm - Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing. Mortgage buyer Freddie Mac said Thursday that the average rate on t...
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Wells Fargo to lay off 1,800 mortgage employeesSep 19, 2013 4:07 pm - NEW YORK — Wells Fargo plans to lay off an additional 1,800 employees from its mortgage department, after cutting about 2,300 jobs from the same unit in August. Spokesma...