Real Estate
  • Housing starts add to recovery signs

    Housing starts add to recovery signs

    By Reuters

    WASHINGTON (Reuters) - A rebound in groundbreaking for homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell. The Commerce...

  • J.C. Penney sales tumble, scraps dividend

    J.C. Penney sales tumble, scraps dividend

    By Phil Wahba, Reuters

    NEW YORK (Reuters) - J.C. Penney Co Inc's early effort to remake itself as an affordable fashion-oriented retail chain and wean consumers off discount coupons took a much bigger-than-expected toll on...

  • JPMorgan was warned risk management not up to task

    By Emmanuel Olaoye, Reuters

    NEW YORK, May 15 (Thomson Reuters Accelus) - CtW Investment Group, a labor-backed shareholder group, last year warned JPMorgan Chase & Co that its risk management committee was not up to the task...

  • Chesapeake hikes loan as credit rating fades

    Chesapeake hikes loan as credit rating fades

    By Jennifer Ablan and Smita Madhur, Reuters

    (Reuters) - Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset sales. The company...

  • Foreigners boost buys of long-term U.S. securities: Treasury

    By Reuters

    NEW YORK (Reuters) - Foreigners increased purchases of long-dated U.S. securities, including government bonds, in March, the U.S. Treasury said on Tuesday, but lightened up on short-term assets such...