Investing

QR Energy to Buy Oil Assets For $230 MIllion

Oil and gas producer QR Energy LP said it will buy oil properties in Ark-La-Tex area andMichigan from an undisclosed private seller for $230 million in cash.

Fannie Mae's Property Sales Generate Investor Interest

Some big investors have shown interest in buying foreclosed properties being sold in bulk by Fannie Mae, the largest U.S. home funding source, the Wall Street Journal said citing people familiar with the process.

Egyptian Resorts Posts Narrower Full-year Loss

Real estate company Egyptian Resorts posted a narrower full-year loss, helped by new revenue from its Sawari project on the Red Sea.