Real Estate
  • Facebook increases IPO range to raise $12.1 billion

    Facebook increases IPO range to raise $12.1 billion

    By Olivia Oran and Alexei Oreskovic, Reuters

    NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the price range on its initial public offering an average of 14 percent to raise more than $12 billion, giving the world's No. 1 social...

  • Groupon makes first profit, shares surge

    Groupon makes first profit, shares surge

    By Alistair Barr, Reuters

    SAN FRANCISCO (Reuters) - Groupon Inc posted its first quarterly profit by reining in marketing spending and signing up more customers and merchants, sending its stock about 18 percent higher. The...

  • Yahoo investors applaud change, fear limbo

    Yahoo investors applaud change, fear limbo

    By Alexei Oreskovic, Reuters

    (Reuters) - Yahoo Inc's new interim chief executive is a signal to Wall Street that the company is returning to a media-centric strategy, even as the its weekend deal with activist hedge fund Third...

  • Ally aims to end mortgage woes with ResCap filing

    Ally aims to end mortgage woes with ResCap filing

    By Rick Rothacker and Paritosh Bansal, Reuters

    (Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international...

  • Brown pushes tax hike as California's money woes deepen

    Brown pushes tax hike as California's money woes deepen

    By Jim Christie, Reuters

    SAN FRANCISCO (Reuters) - California Governor Jerry Brown was elected in 2010 on a promise to fix the state's chronic fiscal crisis. His weekend announcement of a much bigger-than-expected shortfall...