REITs prove to be surprisingly reliable

It may seem surprising that some forms of real estate have been among the most reliable of investments.
Real estate investment trusts, known as REITs, invest […]

FedEx

Despite much talk about a gloomy economy, the packages are flying at FedEx.
Today is projected to be the busiest day, in which 17 million packages […]

Italian PM briefs politicians on austerity plan

Premier Mario Monti briefed political leaders Saturday on his package of austerity and economic growth measures ahead of a critical week of Italian and European […]

Judge considers $410M settlement in BofA lawsuit

A federal judge was asked Tuesday to give final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank […]

Flood-wary Bangkok is contrast of misery, normalcy

On one side of Bangkok, you’ll find the victims of Thailand’s worst flooding in half a century. They float down trash-strewn waterways, paddling washtubs with […]

Clayton house prices on rebound

In a scene reminiscent of the housing bubble, the owner of a recently sold $740,000 home in Clayton had the luxury of multiple offers over […]

Greek debt haircut seen exceeding 60 percent

Greece’s bondholders may have to settle for a cut of more than 60 percent in what Athens owes them, the head of the eurozone’s finance […]

Turkish ship begins oil exploration off Cyprus

Turkish frigates and warplanes on Tuesday escorted a research ship to begin oil and gas exploration off the divided island of Cyprus, retaliation for a […]

Stocks close mixed as traders await Fed decision

Stocks are erasing their gains after rallying all day on hopes the Federal Reserve would take steps to stimulate the economy.
Many analysts believe the Fed […]

New lakeside Oakville home listing for $1

It may be one of the looniest ideas going in an overheated real estate market — a brand new Oakville house that’s listed for $1.
The […]