Staff Reporter

  • NYU Law School Buys $3.6M UWS Condo For Faculty Housing [PHOTOS]
    New York University School of Law has purchased an Upper West Side condo at 845 West End Avenue for $3.6 million, according to city records filed Thursday. The school will use the apartment for faculty, who will rent the unit, according to Michael Orey, spokesman for NYU Law.
  • Watchdog Says Banks Impeded Foreclosure Inquiry
    Top banks impeded a federal inquiry into their foreclosure processes, according to a report released Tuesday, dragging their feet on turning over documents and blocking investigators' attempts to interview bank employees.The inquiry led to the wide-ranging $25 billion mortgage settlement with the five largest mortgage servicers that was announced last month and filed in federal court on Monday.
  • Michigan to Present Detroit Consent Agreement on Tuesday
    JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancing.
  • BP Settles With Alabama City For $6.5 Million
    The City of Gulf Shores, Ala., announced a settlement with British oil company BP (NYSE: BP) for future losses incurred by the 2010 Gulf of Mexico Deepwater Horizon oil spill.
  • JPMorgan paying $45 million to settle mortgage suit
    JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancing.
  • Joe Paterno,Spanier Fired For "Failure of Leadership" Penn St. Board Says
    Penn State's Board of Trustees on Monday defended its firing of legendary football coach Joe Paterno and the university's president, saying they showed a "failure of leadership" in not doing more when alerted to suspicions of child sexual abuse by former assistant coach Jerry Sandusky.
  • Top 10 Most Competitive Cities in The World by Citigroup
    Housing more than half of the world's population and producing 80% of global GDP, cities are more important than ever before to the world's societal and economic development. Recognizing the rapid growth of the city as an economic driver, Citigroup has made a ranking of the world's most competitive cities.
  • Britain’s Most Expensive House Sold for £120m
    Unamed Ukrainian makes Hanover Lodge in Regent’s Park most expensive home in UK Hanover Lodge in Regent's Park, central London, is set to become the most expensive house in Britain when it is sold in the next few days for £120m.
  • Banks, miners boost FTSE ahead Fed meeting, US data
    Banks and miners were firmer at midday on Tuesday as FTSE 100 neared 2012 highs ahead of a U.S. Fed meeting and U.S. consumer data, while insurers supported the gains after results from Prudential and Standard Life .
  • Global Billionaires Settling in New Zealand
    New Zealand is becoming a favourite dwelling place for billionaires around the world, the New Zealand Herald reports. The Herald lists American Facebook billionaire Peter Thiel, Russian steel billionaire Alexander Abramov, and New York Empire State Building’s Tony Malkin as among those who have recently been drawn to New Zealand.
  • All change in the Spanish property lending market
    Spanish Prime Minister Mariano Rajoy is on a clean up mission to try to put his country's mortgage market back on track.Gone are the days when local newspapers had adverts offering fake P60s for credit purposes but it could take some time for the lending industry to become more mature, according to experts.
  • Chicago-area House Featured in 'Home Alone' Movies Sold For $1.6M
    The stately red brick house featured in the 1990 comedy film "Home Alone" has sold for nearly $1.6 million, a person involved in the transaction said on Saturday.
  • UK lenders line up for govt’s NewBuy scheme
    Three of the UK's leading lenders will offer 95% Loan to Value (LTV) mortgages on properties built by Barratt, Bellway, Bovis, Persimmon, Redrow and Taylor Wimpey as part of the government's NewBuy schemeunveiled today (Monday 12 March).
  • New York Named Most Competitive Global City: Citigroup
    New York is the most competitive city in the world, according to a new survey by Citigroup and the Economist Intelligence Unit.
  • Retirement Plans: Growing Numbers Work Into Retirement
    Starting a couple of decades early might seem extreme, but it isn't. Planning ahead gives you time to save more, switch careers, and make the best decisions about healthcare and Social Security. Here are a few ways of retirement plans...
  • Retirement Plans: When to Start Tapping Social Security
    Unless you're exceptionally wealthy, your biggest financial risk in retirement is outliving your money. Experts agree the best defense is your Social Security benefit - a stream of inflation-adjusted, government-backed income that lasts as long as you do and continues for your spouse's lifetime after you die.
  • Mortgage Deal : Government Promises Tough Oversight
    The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing.
  • Retirement Plans: Is an Annuity in Your Future?
    The Treasury recently unveiled a series of proposed regulations and rules aimed at promoting the use of annuitization. Some of the proposals involve enhanced features in traditional defined benefit retirement plans.But one focuses on a little-used form of annuity known as a longevity policy - essentially a deferred annuity that can be bought well ahead of retirement with payouts delayed to an advanced age.
  • Expert Real Estate Commentary: Selling & Investing in 2012
    The keys to success in life, career, investments, or anything else are proper planning and execution. Today's discussion is to help motivate you to succeed in real estate for 2012 and beyond.
  • Top 10 Most Optimistic Markets in the World
    The latest fourth quarter 2011 global consumer confidence report by Nielsen has found that India is the most optimistic market in the world.
  • Citigroup Could Be Surprise Winner in Stress Tests
    Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks.
  • The Chinese Equation: Inflation Down + Trade Deficit Up = Stimulus?
    Call us crazy, but the two most recent major economic data releases by China -- the consumer price index on last Friday and the trade balance on last Saturday -- indicate there could be a case to be made for monetary stimulus in the world's second-largest economy.
  • US to closely police banks in mortgage settlement
    * Previously announced pact filed in federal court * Banks commit to $25 bln, much as mortgage relief* Ally Financial negotiated reduced penalty - sources* Federal officials tout strong enforcement mechanism
  • Taylor Wimpey Starts FY 2012 with Encouraging Patterns; HSBC assigns 'Overweight' Rating
    Taylor Wimpey, the homebuilding company, says that it is too early to judge the market for the year as a whole, but the early weeks of trading in 2012 have followed the encouraging patterns of the second half of 2011, with good visitor levels, healthy reservations and low cancellations.
  • Abu Dhabi realty merger to salve state fund's pain
    * Potential deal to dilute fund Mubadala's stake - sources * Merger likely through share-swap deal - bankers* No mandates handed out yet for the deal* Mubadala currently holds 49 pct in Aldar
  • Japan Marks First Anniversary of March 11 Triple Disasters
    One year after the Tohoku earthquake, the associated Pacific Ocean tsunami, and the related Fukushima Daiichi nuclear accident, many Japanese spent Sunday at community gatherings, demonstrations, and memorial services in observance of the first anniversary of the triple disasters.
  • Futures Signal Lower Open For US Stocks Monday
    Investors await the Conference Board's employment trend index for February at 10 a.m. EDT, followed by the U.S. Treasury Department's budget-deficit figures for February.
  • BofA, MBIA continue battle over evidence discovery
    Bank of America is defending itself after insurer MBIA filed a letter with a court asking for sanctions against BofA over alleged delays or failure to produce records compelled in discovery.
  • Casa Enzo Ferrari Museum Opens in Italy [PHOTOS]
    An 18 million Euro museum complex has been opened dedicated to Enzo Ferrari around his birth place and first workshop in Modena.
  • Elizabeth Warren resurfaces in D.C.-inspired political movie
    Elizabeth Warren, the architect of the Consumer Financial Protection Bureau, is back in the public eye after landing an appearance in President Obama's re-election campaign.
EDITOR'S PICKS
Real Time Analytics