Alibaba Group Proposes $2.5 Billion Privatization of Alibaba.com
Alibaba Group, the Chinese e-commerce company, proposed on Tuesday to privatize its Alibaba.com division.
Presidents Day 2012: Controversy Engulfs Eisenhower Memorial
Along Washington, D.C.'s National Mall, an array of neoclassical monuments give tribute to the country's leaders. But a new arrival breaks the mold and has caused recent controversy.
January Existing Home Sales Preview: Gains Expected
Existing home sales are expected to rise in January as the broader economy improves, according to analysts and industry experts.
Amazon Plans Three Skyscrapers in Seattle
Amazon.com Inc. (NASDAQ:AMZN) is continuing its global expansion with a deal that will transform Seattle's skyline. The online retailer has agreed to purchase three development parcels in the city and plans a trio of 1 million square foot office towers.
On Astor Place, New and Old Clash
Developer Edward Minskoff's obsidian and silver edifice at 51 Astor Place will soon mark the latest transformation of New York's East Village.
Video Game Publishers Move Unevenly Into Digital
Like other entertainment sectors, video games rely more and more on digital revenue as retail sales continue to decline, but publishers face plenty of fresh challenges in the rapidly changing industry.
U.S. Mortgage Rates Remain at Record Low for Third Week
U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent for the third consecutive week ended Feb. 16, Freddie Mac said.
Japan Airlines Orders 10 Additional Boeing 787s
Japan Airlines will order 10 additional 787 airplanes from the Boeing Co. (NYSE:BA) , it said on Wednesday.
U.S. Mortgage Applications Decline 1%: MBA
U.S. mortgage applications decreased by one percent in the week ending Feb. 10, compared to the previous week, according to the Mortgage Bankers Association.
Westbrook Partners Buys Ritz-Carlton Hotel for $105 Million
Real estate firm Westbrook Partners has bought the 259-room Ritz-Carlton Hotel at 50 Central Park South for $105 million, according to city records.
Whitney Houston's New Jersey Mansion On Market for $1.75 Million [PHOTOS]
Whitney Houston's New Jersey mansion, the setting of her tumultuous marriage to singer Bobby Brown, is for sale, with an asking price of $1.75 million following the start's death last weekend.
Avon Hires McKinsey to Cut U.S. Costs in Wake of 4Q Loss
Avon Products Inc. (NYSE:AVP), the cosmetics maker, hired consultant McKinsey & Co. to cut costs in its American operations in the wake of a fourth quarter loss, Bloomberg reported.
Bank of Japan Boosting its Asset-Buying Program
The Bank of Japan said Tuesday it increased its asset buying program by $130 billion and set an inflation target of one percent to stimulate economic growth and combat deflation.
Barrick Gold Earnings Preview: 2011 Results to Mark Rise
Barrick Gold Corp. (NYSE:ABX), the world's largest gold producer, is expected to report an increase in 2011 earnings on strong gold prices and controlled costs.
Empire State Building Owner Files for IPO
The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.
The Port Authority and the World Trade Center
An audit released this week called the Port Authority of New York and New Jersey a challenged and dysfunctional organization, citing the ballooning costs at New York's World Trade Center. But, for all the turmoil at the site, the Port Authority has taken steps to return it to both the private and public city.
#FedValentines Goes Viral on Twitter
Economically inclined Twitter users flocked to the hashtag #FedValentines on Friday, pairing references to the Federal Reserve with the romantic holiday, which arrives on Tuesday.
U.S. GDP Forecast Lowered to 2.2% in 1Q: Survey
U.S. GDP is projected to grow at an annual rate of 2.2 percent this quarter, lower than a previous estimate, according to a survey by the Philadelphia Federal Reserve, released on Friday.
Activision Blizzard Beats Expectations on Strength of 'World of Warcraft,' 'Call of Duty' Titles
Activision Blizzard Inc. (NASDAQ:ATVI), the large video game maker, beat analysts' expectations as it retained more World of Warcraft subscribers and had massive retail sales for its Call of Duty title.
Azerbaijan Tower: The Next Tallest Building in the World? [SLIDESHOW]
A new contender for the world's tallest building has emerged. Avesta Group's Azerbaijian Tower is set to rise over a kilometer in height, to around 3,444 feet and 189 floors. It would surpass the 2,723-foot Burj Khalifa, currently the world's tallest building, as well as the planned Kingdom Tower.
Will the $26 Billion Mortgage Settlement Help You?
The massive $26 billion mortgage settlement between states and banks is designed to help millions of American homeowners -- but not everyone is eligible.
States, Lenders Reach $26 Billion Mortgage Settlement
Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners, government officials announced Thursday.
U.S. Mortgage Rates Hold at Record Low of 3.87 Percent
U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent in the week ending Feb. 9, unchanged from the previous week, according to Freddie Mac.
Goldman Sachs Buys $6.2B in Mortgage Bonds from Fed
Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.
$38 Million Hamptons 'Beechwood' Mansion Sold [PHOTOS]
A nine-bedroom mansion in East Hampton, N.Y. has found a buyer in what could be one of the priciest deals of the year.
Coca-Cola Beats Expectations, Announces Cost Cutting Plan
Coca-Cola (NYSE:KO), the giant beverage maker, said on Tuesday that net income fell 71 percent in the fourth quarter on substantial restructuring charges, but increased beverage sales beat Wall Street expectations, and it announced a cost cutting plan to pay for rising commodity costs and bolster its brands.
Atlanta's Bank of America Plaza Set for Foreclosure Auction
Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.
Valentine's Day 2012: Bjarke Ingels Group 'Hearts' Times Square
Architecture firm Bjarke Ingels Group (BIG) has designed a fluorescent heart to mark Valentine's Day in New York's Times Square.
California, NY May Join Foreclosure Settlement as Deadline Looms
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
Super Bowl 2012: Are Sports Stadiums Ripping Off Cities?
When the New York Giants and New England Patriots battle in Super Bowl XLVI on Sunday, they'll be playing in a stadium that was largely financed by taxpayers. Some critics dispute the positive economic benefits of stadiums, which have received around $20 billion in subsidies in the last two decades.