Staff Reporter
China Construction Bank <0939.HK><601939.SS>, the world's No.2 lender valued at $193 billion, joined smaller rival AgBank <1288.HK> in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders. Utah Demands Federal Government Return Public Lands to State
The state of Utah, long resentful that some 60 percent of its territory belongs to theU.S. government, says the time has come to reclaim the millions of acres it gave up more than a century ago for admission to the union. Attorney Tells More Colorado Medical Pot Centers to Close
Colorado's top federal prosecutor has ordered 25 medical marijuana shops located near schools to close in an escalating pot clampdown, as the state gears up for a battle at the ballot box over broader recreational use of the drug. Wells Fargo Scoffs At Subpoenas In $60B Fraud Probe: SEC
In conducting an investigation of possible fraud in relation to Wells Fargo & Co.'s sale of almost $60 billion in residential mortgage-backed securities, the U.S. Securities and Exchange Commission on Friday requested that a federal court order the country's largest mortgage lender to comply with its subpoenas. Immofinanz Acquires All of Moscow Shopping centers
Austrian real estate group Immofinanz said it would buy the remaining 50 percent of the Golden Babylon Rostokino shopping centre in Moscow from Russian company Patero. Famous Ancient Sunken Cities Around the World [PHOTOS]
Venice could sink by up to three inches by 2032 at a rate much faster than previously thought, according to a study. It would gradually join the list of several cities that once thrived well before being swallowed up by oceanic waves that are assumed to have resulted from massive earthquakes and tsunamis. Esco: What Makes This Abandoned Village In Spain A Tourist Spot [PHOTOS]
Located many miles away from famous Spanish destinations, an abandoned village in the country may not be a tourist hotspot. But Esco is an exception. Weak US Home Sales Add To Recent Downbeat Data: Daily Markets Wrap
A surprisingly weak U.S. new-home sales report Friday exposed the vulnerability of the nation's economic recovery and renewed hopes -- or fears, depending on one's views -- that the Federal Reserve will expand its balance sheet for a third time by purchasing more bonds. SEC Takes Wells Fargo to Court to Enforce Subpoenas
U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities. Toll Bros. Buys Manhattan Property For $16.5M, Eyes Development
Luxury-home builder Toll Brothers acquired a residential building at 1110 Park Ave. in Manhattan for $16.5 million. EBay to Sell Rent.com to PRIMEDIA
EBay Inc agreed to sell its Rent.com unit to PRIMEDIA as the company shifts away from classified and listings businesses to focus on other e-commerce and payments efforts. Tornadoes Cause Damaging Homes In Illinois, Kentucky
Tornadoes touched down in five states on Friday, damaging homes in Kentucky and Illinois, the National Weather Service and state emergency officials said. SEC Demands Wells Fargo Comply With Subpoenas
Securities regulators accused Wells Fargo on Friday of failing to turn over documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities during the financial crisis. Signs Of Recovery Grow in U.S. Housing Market
The battered U.S. housing market looks to be on the mend as buyers make a tentative return and house prices stabilize. Morgan Stanley Wants All of Citi Ventures
Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking. Analysis: February Single-family Home Sales Fall 1.6%
New single-family home sales fell in February, but a jump in prices to their highest level in eight months kept hopes alive of a recovery in the housing market. BOfA Testing Investment Advisers in Mortgage Offices
Bank of America Corp is putting investment advisers inmortgage offices, an unusual move that shows how far banks will go to "cross-sell" products and services to their customers. Fannie, Freddie See Cost Savings In Mortgage-Principal Cuts
Analysis by the two government-backed lenders, which have cost taxpayers over $150 billion since their 2008 bailout, shows "loan forgiveness" would keep hundreds of thousands of Americans in their homes while saving money. Salary of World Bank President : How Much?
Last month, Robert Zoellick, 58, a Republican appointed by President George W. Bush in 2007, announced his retirement, opening the door to Obama. Dartmouth President Jim Yong Kim: World Bank Nominee, Five Facts About Him
U.S. President Barack Obama is set to nominate Dartmouth College President Jim Yong Kim to head the World Bank, senior administration official said. World Bank President :Jim Yong Kim Nominated by Obama
The United States picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time. US New Home Sales Fall 1.6% In Feb, Prices Rise To 8-Month High
U.S. new home sales fell 1.6 percent in February, but prices jumped to their highest level in eight months, according to the the U.S. Commerce Department and Census Bureau. Clintonville, Wisconsin Strange Booming Noise Mystery Caused By Earthquakes? Scientists, Officials Debate Earthquake Findings
Although there is some dispute, the mystery of the Clintonville, Wis. booming noises may have been solved. Last week, the United States Geological Survey said a 1.5-magnitute earthquake struck the small Wisconsin town of 4,600 people only about 40 miles west of Green Bay. Jeffrey Sachs Withdraws World Bank Nomination
U.S. economist Jeffrey Sachs is withdrawing his nomination to lead the WorldBank in support of the U.S. nominee Jim Yong Kim, his spokeswoman said on Friday. Mel Gibson Costa Rica Retreat For Sale at $29.75 Million [PHOTOS]
Actor-director Mel Gibson is putting his sprawling hilltop compound in Costa Rica up for sale, with a $29.75 million asking price Heavy Snow Headed For NYC, Boston In First Week Of April? Forecasts Say Yes
Forecasts show that heavy snowfall is headed for New York City, Boston and the rest of the Mid-Atlantic region in the first week of April. World Bank Presidency : Three-way Race As Deadline Looms
The United States faces an unprecedented challenge to its grip on the World Bank presidency, with emerging economies poised to nominate at least one candidate on Friday to set up the first contested bid for the top job at the global development lender. Women’s Group Knocks Summers’ World Bank Presidency Prospects
A woman’s group has mounted spirited opposition to a prospective nomination of former Secretary of the Treasury Lawrence Summers, 57, to be president of the World Bank. World Bank President? Ngozi Okonjo-Iweala or Jose Antonio Ocampo ?
Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday. Google’s Amazon River ‘Street View’ Allows For Virtual Tours [PHOTOS & VIDEOS]
Google debuted its Amazon River "Street View" tour on Wednesday in honor of World Forest Day 2012.
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?
