Two real estate brokers, three lawyers and five others were charged with fraudulently obtaining more than $10 million in home loans from American Home Mortgage Investment Corp and BNC Mortgage, a subsidiary of Lehman Brothers Holdings Inc, U.S. prosecutors in New York said on Tuesday.
U.S. apartment vacancy rates stopped rising and rents increased modestly in the first quarter, signs the market is poised to recover, according to real estate research firm Reis.
U.S. mortgage insurers' stocks have touched new year-highs on confidence about success of the government's plan to let homeowners keep their homes, but the big question is how much steam the rally has left.
The Federal Reserve could keep interest rates ultra-low for even longer than investors expect if the economic outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.
The S&P 500 and Nasdaq rose modestly on Tuesday as the banking sector got a lift from positive analyst comments, while minutes from the Federal Reserve's last meeting eased concern over rising rates.
Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
U.S. stocks gained on Tuesday as the financial sector got a lift from brokers' comments on banks, while minutes from the Federal Reserve's last meeting eased concerns over interest rates.
Markets pushed Greece's risk premium to a euro lifetime high on Tuesday amid growing doubts over the country's capacity to resolve its debt crisis and fresh skepticism about a European Union-International Monetary Fund aid mechanism.
Canada's dollar strengthened to one-for-one footing with the U.S. currency on Tuesday for the first time since July 2008, powered by rising commodity prices and an economic rebound investors expect will soon trigger rate hikes.
Research In Motion released updated tools on Tuesday to make it easier and faster for developers to create feature-rich Web and wireless applications to be used on the company's BlackBerry smartphones.
The German car maker debuted its 6th generation 5 Series Sedan at Wednesdays New York Auto Show, with models expected to be available for purchase in the summer.
Barclays Capital Inc has asked a court to let it keep billions of dollars in Lehman Brothers Holdings Inc assets, even though the trustee of the bankrupt investment bank says the remaining Lehman customers should probably get them.
At the New York auto show, Hyundai unveiled its 2011 Sonata Hybrid with unique approaches in hybrid powertrain design, battery technology and vehicle appearance. The Sonata Hybrid is Hyundai's first hybrid in the U.S. market.
U.S. gold rose to a one-month high on Tuesday in the face of a stronger dollar, boosted by safe-haven demand driven by currency uncertainties and worries about Greece and other euro-zone economies.
TORONTO The Canadian dollar rose to one-for-one footing with the U.S. currency on Tuesday, hitting its strongest level since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates.
Apple Inc sold more than 300,000 iPads on the tablet computer's first day in stores, a strong showing that roughly matched Wall Street forecasts and mirrored the iPhone's debut in 2007.
Toyota Motor Corp said on Tuesday it was recalling 12,984 vehicles sold in South Korea due to floor mat problems, the latest in a string of safety problems and product recalls at the Japanese carmaker.
AutoNation Inc, the largest U.S. auto dealership group, raised its first-quarter earnings forecast on Tuesday and left revenue and other outlooks intact, sending its shares up nearly 3 percent.
(Reuters) - President Barack Obama on Thursday touted the immediate benefits small businesses will receive from his healthcare reforms, in his second speech this week promoting the sweeping plan to a skeptical public.
NEW YORK (Reuters Health) - Traffic-related air pollution may be linked to a higher death rate among people who initially survived strokes, hint study findings from the United Kingdom.
Stocks fell on Tuesday as investors worried about a report Greece wants to renegotiate a financial aid package and on the prospect of rising interest rates.
NEW YORK (Reuters Health) - More and more Americans are landing in the hospital due to poisoning by powerful prescription painkillers, sedatives and tranquilizers, according to a report released today. City-living middle-aged women seem particularly vulnerable.