Real Estate
  • Harsh weather, tight supply sink U.S. home sales

    Harsh weather, tight supply sink U.S. home sales

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - Severe cold weather and a shortage of houses on the market pushed U.S. home resales to an 18-month low in January, the latest indication economic activity has hit a soft patch...

  • Fannie Mae profits push taxpayers into black on housing bailout

    Fannie Mae profits push taxpayers into black on housing bailout

    By Margaret Chadbourn, Reuters

    WASHINGTON (Reuters) - Fannie Mae said on Friday it would soon send the U.S. Treasury a dividend of $7.2 billion that will make taxpayers whole for the 2008 bailout of the mortgage-financing giant...

  • Consortium resumes work on Panama Canal expansion

    Consortium resumes work on Panama Canal expansion

    By Lomi Kriel and Sonya Dowsett, Reuters

    PANAMA CITY/MADRID (Reuters) - A Spanish-led consortium resumed expansion work on the Panama Canal on Thursday, raising hopes the two sides will finally draw a line under an acrimonious stand-off...

  • Wall Street sees sense in Facebook's $19 billion WhatsApp buy

    Wall Street sees sense in Facebook's $19 billion WhatsApp buy

    By Soham Chatterjee and Saqib Iqbal Ahmed, Reuters

    (Reuters) - Facebook Inc's purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will...

  • Wal-Mart forecast disappoints as grocery business struggles

    Wal-Mart forecast disappoints as grocery business struggles

    By Phil Wahba, Reuters

    (Reuters) - The struggles of the low-income U.S. consumer are playing out in Wal-Mart Stores Inc's grocery aisles. The world's largest retailer, which gets more than half its sales from groceries, on...