Real Estate
  • New home sales dip, but prices scale five-year high

    New home sales dip, but prices scale five-year high

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - New home sales held near two-year highs in August and prices vaulted to their highest level in more than five years, adding to signs of a broadening housing market recovery...

  • Exclusive: L.A. billionaire, Guggenheim plot AEG bid

    Exclusive: L.A. billionaire, Guggenheim plot AEG bid

    By Ronald Grover and Nadia Damouni, Reuters

    LOS ANGELES/NEW YORK (Reuters) - Los Angeles billionaire Patrick Soon-Shiong has joined forces with financial services firm Guggenheim Partners to make a bid for Anschutz Entertainment Group, the...

  • Analysis: IPhone 5 defines Apple success, Tim Cook-style

    Analysis: IPhone 5 defines Apple success, Tim Cook-style

    By Peter Henderson and Poornima Gupta, Reuters

    SAN FRANCISCO (Reuters) - Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing. The taller, thinner and lighter...

  • Forceful QE3 needed to aid economy: Fed's Rosengren

    Forceful QE3 needed to aid economy: Fed's Rosengren

    By Ben Berkowitz, Reuters

    QUINCY, Massachusetts (Reuters) - The Federal Reserve's new stimulus policy is essential to get the U.S. recovery back on track and to avoid damaging economic stagnation, a top Fed official said on...

  • Existing home sales rise in August, prices up from year ago

    Existing home sales rise in August, prices up from year ago

    By Reuters

    WASHINGTON (Reuters) - The pace of home resales rose in August to its fastest in over two years and the price for sold homes climbed from a year earlier, hopeful signs that a budding housing market...