The U.S. economy grew just 1.2 percent in the first quarter, while financial corporate profits fell $5.6 billion in the first quarter due to government-imposed penalties for mortgage-backed securities, Reuters reports. BlackRock will pay $1.25...
The same rating companies that were caught flat-footed by the downturn in the mortgage market during the global financial crisis that ended in 2009 may be underestimating the threat of climate change to coastal communities.
The Framingham, Massachusetts-based chain this week turned down the bid from Cerberus, which valued the company at more than its current market value of about $5.8 billion.
BlackRock CEO signals he’s seeing better global economic growth, reports Reuters. MarketWatch looks at how Best Buy drives shoppers to its stores. These are among today’s must reads from around the commercial real estate industry.
Neiman Marcus and Related Cos. have met to “discuss a possible investment in the luxury chain, including partnering in a possible deal to acquire it,” according to New York Post. Reuters reports that Toll Brothers, developer of high-end planned...
