Real Estate
  • Judge questions fairness of Citigroup $590 million settlement

    Judge questions fairness of Citigroup $590 million settlement

    By Jonathan Stempel, Reuters

    (Reuters) - A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of...

  • Court says city of Stockton, California may proceed with bankruptcy

    Court says city of Stockton, California may proceed with bankruptcy

    By Jonathan Weber, Reuters

    SACRAMENTO, California (Reuters) - A federal judge on Monday approved the city of Stockton's petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the...

  • Cooling factory activity hints at slowing economy

    Cooling factory activity hints at slowing economy

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - Factory activity grew at the slowest rate in three months in March, suggesting the economy lost some momentum at the end of the first quarter as the effects of tighter fiscal...

  • China's urbanization drive leaves migrant workers out in the cold

    China's urbanization drive leaves migrant workers out in the cold

    By Lucy Hornby and Jane Lee, Reuters

    BEIJING/SHANGHAI (Reuters) - Twenty minutes' drive from Shanghai's glitzy financial district, dozens of migrant workers are preparing to abandon homes in old shipping containers, as one of the more...

  • Lean inventories hold back pending home sales

    Lean inventories hold back pending home sales

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes fell in February, held back by a shortage of properties, but there is little to suggest that the housing market's recovery is...