NEW YORK — Sears Holdings’ stock skyrocketed in premarket trading after the struggling retailer said it’s considering selling about 200 to 300 of its buildings to boost its liquidity. The move would entail the company forming a real estate investment ...Read More »
WASHINGTON — Federal Reserve Chair Janet Yellen says the Fed is striving to clearly communicate its intentions on interest rates in order to minimize surprises that could disrupt financial markets both in the United States and globally. She says central ...Read More »
WASHINGTON — Fewer people applied for U.S. unemployment benefits last week, adding to signs that the job market should continue to improve. The Labor Department said Thursday that weekly applications fell 10,000 to a seasonally adjusted 278,000. The four-week average, ...Read More »
WASHINGTON — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the July-September period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued ...Read More »
MYRTLE BEACH, S.C. — As the recovery from the Great Recession continues, hotel towers are again rising along the oceanfront in Myrtle Beach. Area media outlets report that ground is being broken Thursday for a new 14-story Homewood Suites resort ...
Tagged with: Myrtle Beach hotel towersRead More »
WASHINGTON — With the Federal Reserve’s role in the nation’s economic recovery at a crossroads, Fed Chair Janet Yellen on Monday sat down with President Barack Obama in their first face-to-face meeting since she assumed her post in February. The ...Read More »
PHOENIX — A self-described graduate from the “new school of self-made moguls” pleaded guilty last week to three counts of tax evasion, pre-empting the start of her trial on money-laundering and tax-evasion charges. Phoenix real-estate investor Tanya Marchiol admitted during ...Read More »