Staff Reporter
Best Buy Co Inc announced Thursday that due to a mulish slither in sales at its US stores, the company decided to close 50 big box stores and cut as much as 400 jobs at its corporate headquarters in Richfield, Minnesota. Kenya's Decade-long Property Boom Hits Trouble at Last
Pamela Onyambu went into the real estate business seven years ago to capitalise on a housing boom fuelled by Kenya's middle classes. Now she fears interest rates that have doubled in six months will wipe out any profit on her latest venture. Asia Real Estate Veteran Grady Leaves Mount Kellett Capital
Asia real estate veteran Timothy Grady has left Mount Kellett Capital, after about 18 months with the private equity firm founded by former Goldman Sachs Group Inc executive Mark McGoldrick, two sources with knowledge of the matter said on Friday. Perth Citizens in Favor of More Dense Property Development
Perth is more likely to accept apartment development to house its growing population compared to other cities in Australia, according to a national poll. Banks Shield Assets After MF Global Scandal : Fed Survey
U.S. banks have intensified efforts to ensure that their funds and assets are properly protected, after the MF Global scandal where an estimated $1.6 billion in customer funds vanished, according to a Federal Reserve survey released on Thursday. UK February Mortgage Lending Shows Healthy Trend For 2012
Gross mortgage lending by building societies and other mutual lenders rose 28% in February 2012, compared to the same month last year, according to the latest figures from the Building Societies Association. A Long Road Back For New Home Sales in Australia
In February 2012 the volume of new home sales bounced modestly off a concerning January low, said the Housing Industry Association, the voice of Australia's residential building industry. US First Time Buyer Tips (3): Remodeling Projects
Your first consideration is to assess the condition of the home you are buying and the size of the remodel you'd like to do. If you've bought a house whose kitchen and baths need work but that you can live with for now, you might consider living there for a while to get a feel for what you want out of a remodel. Australia to Need 2.7 Million Extra Homes by 2030
By 2030, Australia would have a population of over six million people. That would need another 2.7 million more homes, 125,000 retirement facilities and 24,000 additional hospital beds. House OKs Republican Ryan Budget Plan
House Republicans passed congressman Paul Ryan's deficit-cutting budget plan on Thursday, setting it up as a central theme for their election-year campaign efforts and as a massive target for Democratic attacks over healthcare cuts. BOfA Gets $1 Billion Baupost Lawsuit Dismissed
Bank of America Corp on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities. BOfA Made $8.1 Million in 2011
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday. Myanmar : Inside the New Global Hotspot [PHOTOS]
With timeless towns, towering pagodas, and fervently Buddhist locals, Myanmar promises the "authentic" Asian experience that's fading in neighboring Thailand. Amy Winehouse Estate: How Does it Compare To Other Celebrities'?
Amy Winehouse passed away at the young age of 27 from accidental alcohol poisoning eight months ago and did not leave a will. Double Housing Market Blow as Prices and Mortgage Approvals Drop
Figures from the Bank of England and Nationwide show that people are struggling to find mortgages, while property owners are losing value on their homes. House At The End Of The Street Trailer: Jennifer Lawrence Coming From 'Hunger Games' [VIDEO]
Lawrence could use a little help from Katniss in this new thriller. (Jennifer Lawrence puts on the horror hat in the new thriller, "House At The End Of The Street. 30-Year Fixed-Rate Mortgage Dips Back Below 4%
U.S. average 30-year fixed-rate mortgage rates fell below 4 percent for the week,according to today's report from Freddie Mac. ‘Material Girl’ Madonna To Sell Lavish Beverly Hills Mansion
The ‘Material Girl’, Madonna, has decided to sell her Beverly Hill mansion, which she bought in 2003 for a cool $12 million. Apple CEO Cook Vistits Foxconn's iPhone Plant in China
Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices. Hong Kong Kwok Brother Tycoons "Arrested" By ICAC
Hong Kong Kwok brother tycoons "arrested" by ICAC Hong Kong's Independent Commission Against Corruption on Thursday arrested two senior company executives, identified in the media as Sun Hung Kai Properties tycoon brothers Raymond and Thomas Kwok, for corruption, it said. Egypt Ex-housing Minister Gets 8 Years Jail For Graft
A Cairo court sentenced former Housing Minister Ibrahim Soliman to eight years in jail on Thursday and fined him 2.18 billion Egyptian pounds ($360.9 million) for squandering public funds in two separate real estate deals. Most Dangerous Cities In The U.S. [Slideshow]
America's most dangerous cities struggle to overcome a deadly combination of social and economic woes Guerrilla Gardeners Take On Irish Ghost Estates
Sneaking onto derelict housing estates to plant trees and commit other crimes of beauty may sound a little odd, but mounting frustration with the eyesores left over from Ireland's construction boom has finally reached a tipping point. Nadya Suleman To Do Porn? Or Homeless Again? Vivid Entertainment Makes Octomom Another Offer [PHOTO]
Yesterday, Nadya Suleman gave an eye widening view to the world as she posed topless with nude underwear for the UK's Closer magazine. It seems like it might be possible for the world to get an even more exposing view of the mom of 14. Scenic London: A Pre-Olympics Look [PHOTOS]
Two most exciting events make travel to London a memorable experience for anyone. The year 2012 will be an extraordinary year for Britons. But it will also be an unforgettable experience for those who visit the UK in 2012 as the two major events - the Diamond Jubilee celebrations of the Queen and the summer Olympics - lift the festive spirit. FINMA: Scant Improvement In Swiss Mortgage Lending Standards
Switzerland's financial regulator said on Tuesday mortgage lending standards had scarcely improved despite a sharp warning last year in the face of what experts and overseers describe as a growing bubble in the Swiss housing market. JetBlue Flight 191: New Details Emerge about Captain’s ‘Medical Situation’ [VIDEOS]
Breaking: JetBlue Flight 191 made an emergency landing in Amarillo, Tex. after the captain suffered from a mental breakdown. JetBlue Las Vegas Flight Diverted After Captain ‘Went Nuts’ Mid-Air [VIDEOS]
A JetBlue Las Vegas-bound flight was diverted after the captain "went nuts" mid-air. JetBlue Refunds A JetBlue Las Vegas-bound flight was diverted to Amarillo, Texas, Tuesday after the pilot reportedly had a mental breakdown, telling passengers to "say your prayers. Everland Tops Thai Real Estate Sector On Price-Earnings
Everland Pcl seems to be the most attractive in terms of price-to-earnings among 47 real-estate firms inThailand, data from Thomson Reuters StarMine shows. US First Time Buyer Tips (1) : Preparing To Buy
Are you ready to buy your first home? Here are tips to know what steps you should take to make your dream true. There are four steps to prepare to buy the house, according to the released buying guide of domicile properties.
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
