Fisker Automotive Inc., the hybrid-car maker that failed after losing a U.S. government loan, may be sold by Jan. 3 under a schedule approved by the judge overseeing its bankruptcy case.
Read More »Broadcasters call airwaves deal with Pentagon close
U.S. broadcasters said they’re near an agreement to share frequencies with the Defense Department, a move that could help free airwaves for use by mobile providers led by Verizon Wireless and AT&T Inc.
Tagged with: AT&T Pentagon Verizon Communications Inc.
Read More »No renaissance: Factory workers wages’ stagnate
Boeing’s quest for concessions and employees’ opposition exposed a fault line in U.S. industry’s post-recession comeback: Even with hiring and output robust enough to be dubbed a manufacturing renaissance by President Barack Obama, workers are falling behind.
Read More »‘Smoothing’ options to budget cuts sought
With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
Read More »Pending sales of existing homes drop again
The number of contracts Americans signed to buy previously-owned homes unexpectedly fell in October for a fifth consecutive month amid higher borrowing costs that are denting the real-estate recovery.
Tagged with: existing home sales
Read More »Faucets at $1,000 abound as home equity spigot opens
Spending on home renovations is rising to records as banks such as Wells Fargo & Co. and JPMorgan Chase & Co. increase lending for home equity lines of credit.
Tagged with: home renovations
Read More »Commercial real estate report shows steady growth
The commercial real estate market is showing small but steady progress, according to the National Association of Realtors quarterly commercial real estate forecast.
Tagged with: commercial real estate
Read More »S&P shows investors unfazed by gridlock
Investors are no longer letting political uncertainties in Washington keep them from pouring money into U.S. stocks.
Tagged with: Standard & Poor
Read More »More homeonwer aid expected after Watt confirmation
The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month.
Tagged with: Housing Affordable Refinancing Program
Read More »Bank of America deems U.S. financial strength unrivaled
From money-market rates to yields on government and company bonds to equity prices, financial conditions in the U.S. are healthier than before Lehman Brothers Holdings Inc. collapsed in 2008.
Tagged with: Bank of America
Read More »Microsoft claims Acacia patent suits breach licensing pact
Microsoft Corp., the world’s largest software maker, filed a lawsuit Wednesday claiming patent-licensing firm Acacia Research Corp. breached a contract between the two companies.
Tagged with: Microsoft Corp. Patent trolls
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