INDIANAPOLIS — Simon Property Group is calling off its hostile $16.8 billion takeover bid for Macerich, which would have tied together two of the nation’s largest mall operators. The Indianapolis company upped its bid two weeks ago to $95.50 per ...Read More »
NEW ORLEANS — With a hearing scheduled to decide how much money thousands of people are owed for Chinese drywall damage to their homes, the manufacturer has made payments required to participate, including $3.2 million to seven homeowners in Virginia. ...
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WASHINGTON (AP) — More Americans signed contracts to buy homes in February, evidence that the spring buying season could open strong after sluggish sales for much of the winter. The National Association of Realtors said Monday that its seasonally adjusted ...Read More »
ALBUQUERQUE, N.M. — Bernalillo County commissioners have punted a final decision on the future of a planned community west of Albuquerque that developers say could someday be home to as many as 90,000 people. Commissioners decided Thursday to schedule another ...
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WASHINGTON – Federal aviation officials, battered by complaints that bureaucratic hurdles are preventing industries from realizing the economic benefits of drones, announced Tuesday that they are streamlining rules to expedite permits to fly small, commercial unmanned aircraft. The Federal Aviation ...
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RICHMOND, Va. – The U.S. Consumer Product Safety Commission said Wednesday it is investigating Lumber Liquidators’ Chinese-made laminate flooring following a national TV broadcast that raised concerns over levels of formaldehyde. Chairman Elliot F. Kaye said Wednesday the agency is ...
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WASHINGTON — Sales of new U.S. homes in February climbed to their fastest pace in seven years, as an otherwise dormant housing market showed fresh signs of life. The Commerce Department said Tuesday that new-home sales shot up 7.8 percent ...Read More »
WASHINGTON — An investigation by the Federal Reserve has found no evidence that market-sensitive information was deliberately leaked from its interest-rate policy meeting in September 2012. The Fed said in a summary of its investigation, provided to Congress on Monday, ...Read More »
ATLANTA — Ocwen Financial plans to sell a portfolio of approximately $25 billion in mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc. The portfolio includes about 142,000 loans owned by Freddie Mac and Fannie Mae. Atlanta-based Ocwen ...Read More »