Despite the recent market decline, Americans are still willing to borrow a large amount of money to buy a home because they are convinced that housing values will rise, writes Robert J. Shiller in his monthly New York Times column.
The Mortgage Bankers Association's second-quarter data book on commercial real estate showed an uptick in commercial loan originations. Yet high unemployment, coupled with disappointing gross domestic product and building transaction totals, tempered any enthusiasm.
The allure of a bigger share of the fast-growing wind power market might force larger engineering companies to target American Superconductor Corp, a maker of electrical systems that run wind farms and turbines.
TNK-BP, Russia's third-biggest oil producer, said on Monday it was considering developing hydrocarbon resources in Iraq as it seeks to make its first foray into the oil-rich country.
Citigroup Inc has been fined $600,000 by the Financial Industry Regulatory Authority over failing to police derivatives transactions that helped foreign clients avoid taxes on dividends.
Chinatrust, in final talks to buy AIG's Taiwan unit Nan Shan, has attracted more foreign interest than expected to subscribe to its T$44.3 billion ($1.4 billion), private placement, an executive said.
Tool maker Black & Decker Corp doubled its profit estimate for the third quarter, citing better-than-expected shipments buoyed by a rebound in the U.S. housing market, sending its shares up 10 percent.
Britain said Monday progress was being made in negotiations over the future of GM Opel car plants in Britain but there were still issues to be settled.
GB Auto (AUTO.CA) is considering issuing five-year bonds worth one billion Egyptian pounds ($183 million) to fund regional expansion and new service centres in Egypt, the company said on Monday.
LG Electronics Inc said on Monday a U.S. International Trade Commission judge has ruled it has not infringed Whirlpool Corp's patent for ice storage bins placed in refrigerator doors.
Israeli chip maker Tower Semiconductor Ltd (TSEM.O) said on Monday it would be the exclusive manufacturer of power automotive devices for C&S Technology in South Korea.
Geely Automobile Holdings Ltd (0175.HK) said on Monday that it posted record sales of 32,053 cars in September, more than double the same month last year and up 40 percent from August.
General Motors GM.UL is on track to sign a contract this week to sell a majority stake in European carmaking arm Opel to a Canadian-Russian consortium, Opel labor leader Klaus Franz told Reuters.
Germany could end up shouldering the entire burden of aid for Opel because Britain and Spain remain reluctant to support the planned sale of the carmaker to Canada's Magna, a Free Democrat (FDP) politician said.
Saudi Aramco and France's Total are expected to pay more than $12 billion to build the Jubail oil refinery, a senior company executive said on Monday.
The auto boom came fast to this harbor town on Lake Michigan where Ramblers first rolled off the line a century ago.
London's junior market for smallcaps, the Alternative Investment Market (AIM), has regained much of the ground it lost since the end of last year, and looks set to continue outperforming in the final quarter, with delistings slowing.
Global steel consumption will rebound by more than 9 percent next year, recovering after this year's 8.6 percent decline, which was less severe than earlier expected thanks to strong China growth, a global body said on Monday.
Kenosha, Wisconsin on the shores of Lake Michigan has a long history in automotive history that will die if a Chrysler engine plant is shut as planned next year.
With the blessings of the prime minister himself, the relisting of Malaysia's top telecom firm Maxis Bhd next month was destined to be a blockbuster, but tepid response from domestic funds so far suggests otherwise.
Prime Minister Gordon Brown gave his backing on Monday to the central bank's program of pumping money into the economy to help pull Britain out of recession.
Manroland, the world's second-biggest maker of printing presses, has called off merger talks with Heidelberg due to poor financial results at its troubled larger rival, three sources familiar with the matter said.
Mining group Xstrata Plc agreed to sell its 70 percent interest in the El Morro copper-gold project in Chile for $465 million to Canada's Barrick Gold Corp, Xstrata said on Monday.
Mining group Xstrata has told a top-10 shareholder that it would likely abandon its pursuit of rival Anglo American, the investor said on Monday.
Volkswagen AG (VOWG.DE) said on Monday it expected its sales in mainland China and Hong Kong to grow more than 30 percent this year, after rising 37 percent in the first nine months thanks to government stimulus measures.
Onyx Pharmaceuticals Inc said on Monday it has agreed to buy Proteolix Inc, a privately held biotechnology company developing cancer drugs, for an upfront cash payment of $276 million.
Digital River Inc's top customer Symantec has notified the e-commerce services provider that it will not extend its existing contract, knocking Digital River's shares down 32 percent in pre-market trade.
On the surface, a glimmer of confidence is returning to the battered U.S. housing market, after more than three years of gut-wrenching defaults, price slumps and foreclosures.
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
