U.S. homes are set to lose more than $1.7 trillion in value during 2010, bringing the total value lost since the market peaked in June 2006 to $9 trillion, which surpassed the cost of 12 Iraq wars, a report said.
The value of U.S. homes is expected to decline by more than $1.7 trillion during 2010, following a drop of more than $1 trillion in 2009, according to data from Zillow Real Estate Market Reports. Since the market peak of June 2006, U.S. housing has lost $9-trillion in value.
Speaking to investors this week, Level 3 and Comcast both presented their side of the spat over payments for network traffic.
Insurance giant American International Group has signed a debt repayment deal with Federal Reserve Bank of New York, paving way for the Treasury Department to sell a significant stake in the company early next year.
Facebook founder and chief executive Mark Zuckerberg and 16 other wealthy American families agreed to donate most of their fortunes to charity by joining a pledge started by billionaires Warren Buffett and Bill Gates.
Italy's leading airline, Alitalia, has been awarded 'Best Airline Cuisine' by the readers of Global Traveler magazine.
The Department of Homeland Security (DHS) has enlisted retailing giant Wal-Mart to join the forces for the safety and security of the nation.
DBSD North America, a satellite communications company, had its bankruptcy plan rejected by the U.S. Court of Appeals for the Second Circuit, which said the plan violated accepted law. The plan was sent back to the lower court for further proceedings.
The government of South Korea is trying to drum up foreign direct investments through free economic zones (FEZ), or areas that offer financial incentives for foreign investments.
Major-economy government bonds fell further on Wednesday, extending Tuesday's sharp losses and driving 10-year US Treasury yields above 3.20%, causing liquidation in commodity markets including Gold and Silver.
New Hampshire is planning a new winter campaign to attract skiers and boost the number of foreign tourists’ arrivals.
No download, no installation, now kindle for the web will expand to enable anyone with access to a web browser to buy and read full Kindle books, said Amazon.
Sony Corporation of America's CFO Robert Wiesenthal said the company will bridge the gap between the media and Hollywood, as a content creator and an electronics manufacturer.
Google's launch of e-book store has put the search giant in direct rivalry with market leader Amazon, unfolding an interesting battle on cards in the coming days.
Ford Motor Company and Azure Dynamics have begun shipping the first Ford Transit Connect Electrics to early customers in North America and to the United Kingdom for a demonstration project.
The much-hyped year-end bonuses offered by Cravath Swaine & Moore and other U.S. law firms are not all that great as they come with conditions attached.
On his 30th death anniversary, fans seem to be more interested in celebrating John Lennon and not wailing over his death.
A French court on Monday ruled that debris from a Continental Airlines plane had caused the tragedy that killed 113 people outside Paris 10 years ago while holding Continental Airlines and one of its mechanics guilty of involuntary homicide.
GBP/USD has broken above the 1.5786 weak resistance (100-day SMA) and is heading towards the key 1.5838 medium-term resistance, as predicted by IBT FX on Monday. The level is also suggested by the upper Bollinger band on 4-hour chart.
Mark Cuban, CEO of HDNet, calls over the top video a complimentary service, not a replacement to cable or satellite.
The Hertz Corporation, the world's largest general use airport car rental brand, has entered into a joint partnership with Smart USA for electric car sharing and Hertz Rent A Car locations in New York, Washington, DC, and San Francisco.
Crude production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in November by around 70,000 barrels per day (bpd) to 29.1 million bpd, a Platts survey of oil industry officials and analysts showed on Monday.
