Real Estate
  • Homebuilding takes a breather; wholesale prices up

    Homebuilding takes a breather; wholesale prices up

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - U.S. builders broke ground on fewer homes last month but a jump in permits for future construction to a 4-1/2-year high indicated the housing market recovery remains on track...

  • Detroit's Big Dig: Will Urban Farming Get Them Out of the Hole?

    By Nick Carey, Reuters

    America loves a big comeback, but Detroiters harbor few illusions. For many here, it's about salvaging what remains of a once-great city. Throughout its long decline, Detroit has sought ways to...

  • Buffett, Brazil's 3G team up for $23 billion Heinz buyout

    Buffett, Brazil's 3G team up for $23 billion Heinz buyout

    By Ben Berkowitz and Martinne Geller, Reuters

    (Reuters) - Warren Buffett and Brazilian financier Jorge Paulo Lemann are teaming up to buy ketchup maker H.J. Heinz Co for $23.2 billion, in what could be the first step of a wave of mergers for the...

  • Nasdaq talked with Carlyle about going private: sources

    Nasdaq talked with Carlyle about going private: sources

    By John McCrank and Greg Roumeliotis, Reuters

    NEW YORK (Reuters) - Private equity firm Carlyle Group recently approached Nasdaq OMX Group about taking the exchange operator private, but the talks fell apart over a disagreement on price, sources...

  • Novo Nordisk hit hard as U.S. rebuffs insulin drug

    Novo Nordisk hit hard as U.S. rebuffs insulin drug

    By Mette Fraende, Reuters

    COPENHAGEN (Reuters) - U.S. regulators refused to approve Novo Nordisk's new long-acting insulin Tresiba until it conducts extra tests for potential heart risks, dealing a major blow to a key product...