IBT Staff Reporter

129421-129450 (out of 154953)

Summertime....Will the Home Buying be Easy?

It was a good kick-off for the summer season. The pending home sales index figure that was released earlier this month marked a third straight month of rising pending sales. That is certainly welcome and encouraging news.

Midday Minute - July 6 - Energy

Toyota to mass produce plug-in electric cars by 2012, EU pushes U.S., Japan to a climate change limit, China to build its biggest wind power facility

Wrap up - July 6 - Energy

Emissions from U.S.power plants drop in 1Q, U.S. to deploy officials to China to highlight clean energy, Toyota's hybrid tops best-selling cars in Japan in June

Daily Wrap up July 6 - Tech

Netscape founder Marc Andreessen said in an interview that he expects Facebook's revenue to be in excess of $500 million in 2009, and estimates that in five years, it'll be well into the billions.

Rio sells U.S. food packaging unit for $1.2 billion

Global miner Rio Tinto further improved its cash position on Monday by selling a part of its food packaging business to Bemis Co for $1.2 billion in a deal that makes Bemis by far the largest North American player in a still fragmented industry.

Remodeling Industry Shows Signs of Rebound?

The home remodeling history has taken a hit in recent months but finally may be starting to show signs of picking up, according to the Web site www.remodelormove.com and its latest Remodeling Permit Activity Report.

Own Your Niche

Make a name for yourself by carving a real estate specialty that combines your interests with local market opportunities.

Bail set at $750,000 for ex-Goldman programer

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.

Are Those Buyers Worth Your Time?

Even with home prices at their most affordable level in years, many real estate practitioners are finding that their biggest business challenge is a scarcity of buyers. Given this, you may not think that now's the best time to be picky about whom you choose as clients. But that's the smartest thing you can do.

How I Sold It: Lowball Pricing Strategy Stirs Demand

When Michael Tunick, a sales practitioner with Sotheby's International Realty-Sunset Strip Brokerage in West Hollywood, got this challenging listing in July 2008, fear of the real estate marketplace was rampant among buyers.

China says 156 dead in Xinjiang riot

At least 156 people have been killed in rioting in China's northwestern Xinjiang region, with the government blaming exiled separatists for the traditionally Muslim area's worst case of unrest in years.

Another Rash of Foreclosures Coming Soon

Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That's because lenders that have held off on foreclosures as part of President Obama's plan will now move forward aggressively to clear the backlog of troubled mortgages.

Media players plot survival in Sun Valley

The global recession, shrinking advertising sales and fears that the Internet could render big media empires obsolete provide an ominous backdrop for executives at this week's Sun Valley conference.

Bail set at $750,000 for ex-Goldman programmer

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.

Move into defensives helps lift Dow and S&P

The Dow industrials rose and the S&P 500 rebounded in late trading on Monday as investors' concerns about the strength of an economic recovery triggered a move into defensive stocks.

Defensive stocks lift Dow and S&P

The Dow and S&P 500 rose on Monday as concerns about the strength and timing of an economic recovery kept pressure on commodity prices and lifted defensive stocks.

Facebook 2009 revenue pegged at $500 Mln

Netscape founder Marc Andreessen said in an interview that he expects Facebook's revenue to be in excess of $500 million in 2009, and estimates that in five years, it'll be well into the billions.

Hybrids boost Toyota and Honda car sales

Toyota Motor Corp's Prius hybrid was Japan's best-selling car in June while Honda Motor Co's rival Insight ranked fourth, helping the two hybrid leaders dominate the list of top-selling models.

Ubisoft to open Toronto studio

French videogame maker Ubisoft Entertainment SA is set to open a Toronto studio that will create 800 jobs over 10 years, the Ontario government said on Monday.

Chinese visit brings Italian deals worth $2 bln

Chinese President Hu Jintao's visit to Italy generated over $2 billion worth of deals between the two countries on Monday, including a Fiat SpA (FIA.MI) joint venture to produce cars and engines in China.

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