IBT Staff Reporter

129391-129420 (out of 154943)

World Trade Center developer quits negotations

The New York-New Jersey Port Authority on Monday said the World Trade Center developer, Larry Silverstein, had stopped negotiating over his demand for the agency to guarantee his loans for two office towers.

Obama agrees arms cuts, Afghan transit with Russia

Visiting President Barack Obama and Kremlin leader Dmitry Medvedev agreed a target for cuts in nuclear arms and a deal to let U.S. troops fly across Russia at the start of a trip intended to mend strained ties.

Ex-Goldman programer out on bail in theft case

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said on Monday.

Lawyers make final joust in AIG stock case

Maurice Hank Greenberg, former chief executive of American International Group Inc , fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG lawyer Ted Wells told a federal jury on Monday.

Honduras isolated, Clinton to meet ousted leader

The United States on Monday condemned violence against protesters in Honduras and called for President Manuel Zelaya's reinstatement as the Central American country faced growing isolation over last week's coup.

Audi saw best-ever H 1 sales in China

Audi AG, a German subsidiary of Volkswagen AG, said on Monday it sold 67,000 cars in the January-June period, the best first-half result ever in the country.

Treasury ready to twist arms over consumer agency

The Treasury Department is warning the financial services industry that it will not back down from its proposal to create a new consumer protection agency, even while lobbyists build a warchest and strategy to defeat the plan.

Ricketts, Tribune reach deal for Cubs: source

The Ricketts family has reached a deal to buy the storied Chicago Cubs baseball team from bankrupt media company Tribune Co for slightly less than the original $900 million bid, a source familiar with the deal said on Monday.

Daily Wrap Up for July 6 - Finance

More mortgage losses expected Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market. According to a S&P report the more dire assessment is likely to significantly impact bonds originally carrying AAA ratings.

Did You Know: Size of Home Purchased

The American Institute of Architects recently released a study, AIA Home Design Trends Survey, showing there is a growing demand away from McMansions and towards homes that are smaller.

Summertime....Will the Home Buying be Easy?

It was a good kick-off for the summer season. The pending home sales index figure that was released earlier this month marked a third straight month of rising pending sales. That is certainly welcome and encouraging news.

Midday Minute - July 6 - Energy

Toyota to mass produce plug-in electric cars by 2012, EU pushes U.S., Japan to a climate change limit, China to build its biggest wind power facility

Wrap up - July 6 - Energy

Emissions from U.S.power plants drop in 1Q, U.S. to deploy officials to China to highlight clean energy, Toyota's hybrid tops best-selling cars in Japan in June

Daily Wrap up July 6 - Tech

Netscape founder Marc Andreessen said in an interview that he expects Facebook's revenue to be in excess of $500 million in 2009, and estimates that in five years, it'll be well into the billions.

Rio sells U.S. food packaging unit for $1.2 billion

Global miner Rio Tinto further improved its cash position on Monday by selling a part of its food packaging business to Bemis Co for $1.2 billion in a deal that makes Bemis by far the largest North American player in a still fragmented industry.

Remodeling Industry Shows Signs of Rebound?

The home remodeling history has taken a hit in recent months but finally may be starting to show signs of picking up, according to the Web site www.remodelormove.com and its latest Remodeling Permit Activity Report.

Own Your Niche

Make a name for yourself by carving a real estate specialty that combines your interests with local market opportunities.

Bail set at $750,000 for ex-Goldman programer

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.

Are Those Buyers Worth Your Time?

Even with home prices at their most affordable level in years, many real estate practitioners are finding that their biggest business challenge is a scarcity of buyers. Given this, you may not think that now's the best time to be picky about whom you choose as clients. But that's the smartest thing you can do.

Pages