The U.S. urban commercial real estate markets probably will not recover until 2017, the head analyst of commercial mortgages for Deutsche Bank Securities said on Monday.
Thomson Reuters' plan to cancel its London Stock Exchange listing prompted a jump in its shares on Tuesday, but the rally was tempered by fears some large UK shareholders will have to cut or sell their stakes.
President Barack Obama will throw his weight behind legislative bids to reform healthcare and cut U.S. greenhouse gas emissions on Tuesday in his fourth White House press conference since taking office.
A new website wants consumers to browse virtual shelves of everything from diapers to shampoo, a move that if successful would mark a major shift in the way most Americans buy household products.
Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the worst downturn in its history.
Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the worst downturn in its history.
The U.S. government plans to disclose that Ford Motor Co , Tesla Motors Inc and Nissan Motor Co will be among the beneficiaries of a $25 billion loan program created by Congress to help auto makers retool factories for advanced-technology vehicles, the Wall Street Journal said.
PetroChina Company Limited announced on Sunday that it had completed purchase of 45.51% shares of refiner Singapore Petroleum Co (SPC) and would make a buyout offer for the rest of its shares in cash.
While General Motor is struggling in US, its joint venture in Shanghai has sold its two millionth Buick in China as sales have grown rapidly, the auto giant said on Tuesday.
U.S. firearms maker Smith & Wesson Holding Corp's quarterly profit more than doubled and topped estimates, as demand for its handguns and tactical rifles remained strong.
Wal-Mart Stores Inc needs to make its price-matching policies clearer and stop claiming in a television commercial that viewers can save more than $700 a year buying groceries in its stores, an advertising industry self-regulating group said on Monday.
The percentage of corporate tax returns audited by U.S. collectors fell about 9 percent in 2008 and was down nearly 20 percent from about a decade earlier, an inspector general report released on Monday said.
Detroit's top-selling auto brands, Ford and Chevrolet, have almost eliminated a long-criticized gap with Toyota in new car quality, according to a closely watched survey released on Monday.
Information and news company Thomson Reuters announced Monday it plans to unify its dual listed company structure, listing shares only on the New York Stock Exchange and Toronto Stock Exchange.
Bruce Rose, founder of hedge fund Carrington Capital Management LLC, and a pioneer in the roller-coaster market for mortgage credit, is set for the next phase of the housing crisis: recovery.
Not a lot of goodness and cheer in the real estate industry these days.
LaSalle Investment Management has about $1.5 billion to $2 billion ready to use to buy U.S. commercial property for its investors but does not expect to pull the trigger for a few quarters.
The president of Citi Property Investors (C.N: Quote, Profile, Research, Stock Buzz) said on Monday he expected to retain his stake in troubled Austrian developer Atrium European Real Estate for at least 5-7 years, and that he was happy with the double-digit returns it yielde
Toxic real estate mortgages are holding the global economy to ransom and the banking sector will not return to health without a purge of its distressed property assets, the CEO of Citigroup Property Investors said.
Downtown Manhattan is poised for a powerful rebound in coming years despite Wall Street's downsizing and millions of square feet of new commercial real estate expected to come to market, a top Manhattan commercial real estate broker said on Monday.
China's Gome Electrical Appliances said on Monday it will raise at least HK$3.24 billion (US$417 million) through an investment from Bain Capital and a share sell.
Kodachrome, the film brand touted as the stuff of memories, is about to become a memory itself as Eastman Kodak stops production due to overwhelming competition from digital cameras.
A quarter of U.S. employers have eliminated or plan to cut matching contributions to employee 401 retirement plans to save money amid the economy's downturn, according to research released on Monday.
Changes headline, first 3 paragraphs to clarify that numbers also reflect companies planning changes to 401 plans
Walgreen Co posted a steeper-than-expected drop in quarterly profit on Monday as it wrote down the value of items being taken off its shelves as part of store makeover aimed at winning over shoppers.
The world’s first commercially successful color film, which made its debut in 1935, will conclude its run this year due to limited demand.
The H1N1 influenza virus cost Delta Air Lines $250 million in revenue, and the world's largest airline has cut capacity during the second quarter in response to the reduced demand, its chief executive said at the company's annual shareholders meeting on Monday.
Russian oil company Tatneft said its net profit rose 25 percent year-on-year in the first quarter as lower costs and taxes helped offset a 32.6 percent fall in revenues.
Canada's Verenex Energy Inc said on Monday that Libyan authorities have not yet approved the C$499 million ($434 million) sale of the company to China National Petroleum Corp, putting the deal at risk.
Japan's largest convenience store chain, Seven-Eleven, said it may appeal a finding by the country's anti-monopolgy watchdog that it had illegally pressured franchise stores not to cut the prices of food items.
