POLSON, Mont. (AP) — A Montana construction company has filed a lawsuit that seeks to have a home built for a disabled Marine sold at a sheriff’s auction to pay what the company says it is owed for work on ...Read More »
The private equity firm Blackstone will buy real estate investment trust Strategic Hotels & Resorts Inc. in a cash deal valued at $3.93 billion. Including debt, the deal is worth about $6 billion, the companies said Tuesday. Blackstone Real Estate Partners VIII ...
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WASHINGTON – While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China’s economic slowdown and the oil industry was squeezed by lower energy prices. That’s the U.S. economic picture that emerges from the ...
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NEW YORK (AP) — Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world’s second-largest economy is slowing more than previously anticipated. Tuesday’s sell-off adds to what ...Read More »
WASHINGTON (AP) — U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday that construction spending rose 0.7 percent to ...
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WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank’s target level have likely begun to fade. Fischer ...Read More »
WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer said Friday that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. Before the recent turbulence in financial markets, there was a “pretty ...Read More »