Real Estate
  • CNOOC to buy Nexen for $15.1 billion in China's largest foreign deal

    CNOOC to buy Nexen for $15.1 billion in China's largest foreign deal

    By Lee Chyen Yee and Jeffrey Jones, Reuters

    HONG KONG/CALGARY (Reuters) - State-controlled CNOOC Ltd launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen Inc for $15.1 billion, forcing...

  • Insight: Flood risk rampant across Asia's factory zones

    Insight: Flood risk rampant across Asia's factory zones

    By David Fogarty and Clare Baldwin, Reuters

    BANGKOK/HONG KONG (Reuters) - Global insurance companies are struggling to get a grip on their flood exposure in Asia nearly a year after one of the world's costliest disasters hit Thailand, with...

  • Stockton made scant headway in pre-bankruptcy talks

    Stockton made scant headway in pre-bankruptcy talks

    By Jim Christie and Peter Henderson, Reuters

    SAN FRANCISCO (Reuters) - Stockton, California, the largest U.S. city to file for bankruptcy, never came close to striking deals with key creditors in talks before it sought court protection, the...

  • Exclusive: Labor Dept looking into JPMorgan stable value fund

    Exclusive: Labor Dept looking into JPMorgan stable value fund

    By Jessica Toonkel, Reuters

    NEW YORK (Reuters) - The U.S. Department of Labor is looking into whether JPMorgan Chase & Co violated its fiduciary duty under the Employee Retirement Income Security Act in connection with one...

  • Google Internet business defies econ worries, ad clicks surge

    Google Internet business defies econ worries, ad clicks surge

    By Alexei Oreskovic, Reuters

    SAN FRANCISCO (Reuters) - Google Inc's core Internet business increased revenue by 21 percent in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the...