Construction Spending Hits Record in Nov.
Construction spending hit an all-time high in November as government spending to build schools, highways and sewer systems offset a slight dip in home building.
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Bush mortgage plan leaves some cold (International Herald Tribune) Consumer advocates say the mortgage relief plan is too narrow while investment firms say it went too far.read more...
Fed Lifts Funds Rate to 4% In 12th Straight Increase The Federal Reserve raised interest rates lifting the key federal-funds rate by a quarter percentage point to 4%, as evidence grows that the central bank intends to slow the economy
GM quarterly loss: $1.2 billion General Motors Corp. reported another huge quarterly loss Wednesday, intensifying pressure on CEO Rick Wagoner to speed up the overhaul of North American operations that produced a $1.2 billion torrent
Some residents squeezed out of Moscow's soaring real estate market Ostozhenka may not have Fifth Avenue's verve or the swanky pedigree of Knightsbridge in London, but the neighborhood has fast become the crown jewel of the Russian capital's real estate
From Ono's New York to his own Hungary BUDAPEST You could say furniture was responsible for much of what has happened in life to Sam Havadtoy.read more...
Housing starts slow Housing starts slowed significantly in April, the government reported Friday, as the latest reading of a slowing real estate market came in below with Wall Street expectations.read more...