German investor buys foreclosed hotel note for half off

A German investor bought the distressed note on a Lauderdale-by-the-Sea hotel and apartment property for less than half of the bank’s foreclosure judgment.
Ptolsemaios Property paid […]

YRC trucking swaps debt for equity, averts bankruptcy

YRC Worldwide Inc., one of the nation’s largest trucking companies, said Thursday that it had cleared a critical hurdle in its effort to avoid […]

Concordia Publishing wins Excellence award

Concordia Publishing House received a 2009 Missouri Quality Award from the Excellence in Missouri Foundation for its organizational performance, leadership, customer service and customer […]

China Lending Boom May Hamper Banks’ Asset Quality, BIS Says

China’s lending boom may erode the quality of bank balance sheets as a jump in lending was “unavoidably” linked to an easing of credit […]

Geithner Sees ‘Progress’ in Job Market, Unemployment Declining

Treasury Secretary Timothy Geithner predicted the U.S. unemployment rate probably will be lower than 10 percent in a year and said the economic recovery […]

Cadbury prefers merger with Hershey over Kraft: report

Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company’s chairman Roger Carr told […]

Obama says new data shows U.S. economy recovering

President Barack Obama used his weekly radio address on Saturday to tell Americans that this week’s positive job and economic growth figures are yet […]

Blackstone shares have pre-earnings rally

Shares of private equity firm Blackstone Group rose 7.5 percent on Thursday, which options analysts attributed to expectation of positive earnings when the firm […]

Home sales rebound to highest level in 2 years

Sales of existing homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to […]

Generics: A prescription for lower costs

Americans think about health care every time they open the plastic container of pills ordered by their doctor.
Annual spending on prescription drugs — more […]