Impala Platinum Fires 17,200 Workers Following Strikes
South African mining company Impala Platinum Holdings Limited (JNB:IMP) fired 17,200 workers earlier this week following an illegal strike at its Rustenburg mine.
Orange Juice Futures Fall After Fungicide Declared Not Harmful
Orange juice futures fell on Friday after the U.S. Food and Drug Administration (FDA) said that fungicide found in Brazilian exports were not a public threat and wouldn't affect supply.
The Hottest U.S. Real Estate Markets: Washington, D.C.
The nation's capital has been a leader when it comes to real estate. While much of the country's housing market continues to languish, Washington D.C. and the surrounding area have seen tight inventory and price growth in recent months.
Facebook COO Sheryl Sandberg's $8 Million House [PHOTOS]
Photos of Sheryl Sandberg's $8 million home in Atherton, Calif.
U.S. Mortage Rates Drop to Record Low of 3.87 Percent
U.S. 30-year fixed-rate mortgage rates dropped to another record low of 3.87 percent in the week ending Feb. 2, down from 3.98 percent in the previous week, according to Freddie Mac.
Mort Zuckerman is Bullish on Cities
Mort Zuckerman, the venerable real estate developer and media mogul, has a taste for urbanism. He attributed the strong fourth quarter and 2011 for his real estate investment trust Boston Properties, Inc. (NYSE:BXP) to its focus on major cities.
Obama Calls for Refinance Expansion, Lifting Restrictions for Borrowers
President Barack Obama called on Wednesday for an expanded homeowner refinance program that would lift restrictions for more borrowers, representing another government effort to aid the ailing housing market.
South Korea's 'Invisible' Tower Infinity [SLIDESHOW]
Last week, GDS Architects won a competition to design a tower in Incheon, South Korea. The crystalline structure is design to disapear through optical technology, the architects said.
U.S. Silver Sees 2.4M Ounces of Silver Output in 2012
U.S. Silver Corporation (TSE:USA) has forecast around 2.4 million ounces of silver production in 2012, the company said on Tuesday.
U.S. Silver Corp. Forecasts 2.4 Million Ounces of Silver Production in 2012
U.S. Silver Corporation (TSE:USA) has forecast around 2.4 million ounces of silver production in 2012, the company said on Tuesday.
Case-Shiller Home Price Index: More Declines in November
U.S. home prices fell more sharply in November, compared to the previous month, according to S&P/Case-Shiller Home Price Indices data released on Tuesday.
Freddie Mac's Image Problem: Conflict of Interest Charged
On Monday, NPR and ProPublica published a report revealing that Freddie Mac, the government-owned mortgage giant, had purchased $3.4 billion in mortgage securities that became more profitable if homeowners were unable to refinance at lower rates.for homeowners to pay off their mortgages. It's the latest public blow to a firm that has been blamed for its role in the housing crisis, even as it continues to deal with the fallout of the toxic mortgages that it continues to hold
Case-Shiller Housing Index January 2012: Look for More Declines
U.S. home prices are expected to continue to fall in S&P/Case-Shiller Housing Index data through November 2011, to be released on Tuesday, Jan. 31.
Scarano Condo Reborn: Why Williamsburg's Controversial 'Finger' is a Sell Out
Long nicknamed the Finger Building, the condo building has been reviled by local residents. But now, it has sold, with 70 percent of its 41 apartments in contract after a few months of marketing.
REIT Earnings Preview: SL Green, Boston Properties, Simon Property Group, General Growth Properties, Equity Residential, AvalonBay
The majority of real estate investment trusts (REITs) are expected to post positive earnings for the fourth quarter and fiscal year 2011 as rent growth continues, according to analysts.
Chinese New Year 2012: Year of Dragon Said to Boost Gold
The Chinese New Year celebration is expected to increase strong demand for gold in Asia, according to industry experts.
U.S. Mortgage Rates Jump to 3.98 Percent: Freddie Mac
U.S. 30-year fixed-rate mortgage rates in the week ending Jan. 26, from 3.88 percent in the previous week, according to Freddie Mac.
30 Cities Had Half of Global Real Estate Investment: Jones Lang LaSalle
Thirty cities accounted for half of all global commercial real estate investment from 2008 to 2011, according to a report released Wednesday.
Obama State of the Union 2012: Mortgage Refinance Changes Face Obstacles
President Barack Obama's proposal to allow millions of homeowners to reduce mortgage payments is the latest in a series of federal efforts to aid the housing market, but it faces a number of obstacles.
Jennifer Aniston Buys $21 Million Bel Air Mansion [VIDEO]
Jennifer Aniston has purchased a mansion in Bel Air, Calif. for $21 million.
Boeing Earnings Preview: Airplane 'Mix' Less Profitable
Boeing, the largest U.S. airplane and defense manufacturer, is projected to report lower fourth-quarter earnings because the mix of aircraft delivered was less profitable and the year-earlier quarter saw a favorable tax settlement.
Delta, United Continental Earnings Preview: Airline Industry Outlook Positive
Delta Air Lines, Inc. (NYSE:DAL) and United Continental Holdings Inc. (NYSE:UAL), the two largest U.S. airlines by market capitalization, are expected to report profits in the fourth quarter as revenue growth overcomes high fuel prices.
Lehman Increases Archstone Stake by $1.3 Billion, Blocking Equity Residential
The estate of Lehman Brothers paid $1.33 billion to become majority owner of Archstone, a multifamily landlord of more than 70,000 U.S. apartments, successfully blocking a rival bidder.
Building New York: NYU 2031 Returns Controversy to Silver Towers
This past week, New York University began the long approval process for its plan to add four new buildings to two superblocks just south of Washington Square Park in Greenwich Village.
Sony, Panasonic Downgraded by Moody's On Weak TV Sales
Sony and Panasonic had their debt ratings downgraded by Moody's on Friday, citing weak television sales.
PETA Seeks O.J. Simpson's Foreclosed Home for Meat is Murder Museum
PETA, the animal rights group, is seeking to obtain O.J. Simpson's Florida home from JPMorgan Chase for a Meat is Murder museum.
Extell Buys Two Manhattan Development Sites for $39 Million
Extell Development Co., one of the most active builders in Manhattan, has purchased two development sites for a combined $39 million, according to city records.
U.S. Mortgage Rates Slide to New Record Low of 3.88 Percent: Freddie Mac
U.S. 30-year fixed-rate mortgage rates fell to 3.88 percent in the week ending Jan. 19, according to Freddie Mac.
Bank of America Earnings Preview: Modest Profit Predicted, Concerns Remain
Bank of America (NYSE:BAC), the second-biggest U.S. bank by assets, is expected to post a modest profit gain in the fourth quarter as cost-cutting offsets declining revenue from trading, retail and mortgage divisions.
U.S. Mortgage Applications up 23 Percent: MBA
U.S. mortgage applications increased 23.1 percent in the week ending Jan. 13, according to the Mortgage Bankers Association.