The city council of Richmond, Calif., has voted 4-3 to proceed with a plan to use eminent domain to buy up underwater mortgages at deep discounts and give homeowners a new, cheaper loan that would have lower monthly payments and decrease the chance that the home will be foreclosed upon.
In addition, Richmond has agreed to help other …
Of all the famous business leaders that Peter Drucker worked with, perhaps the most confounding was Thomas Watson Sr., the great visionary who ran International Business Machines Corp. from World War I until the …
The Greek economy is recovering slowly but may need another boost, says European Central Bank
The social network’s buys in engineering, advertising and television-related firms preview its forthcoming roadshow for investors
Real estate raises billions, but a credit crunch and clampdown on luxury spending drives millionaires away from the mainland
Step aside, Roaring Twenties, you’ve been bested, inequality-wise.
The richest 1% of Americans collected a greater share of household income last year than at any time in the last century, according to a new analysis of IRS …
A colorful iPhone 5C and a more powerful iPhone 5S.
The Dow Jones industrial average, an index of 30 stocks used as a measure of the stock market’s overall status, is swapping out Bank of America, Hewlett-Packard, and aluminum-producer Alcoa.
In their place, the small committee that determines the composition of the index is adding Goldman Sachs, Visa, and Nike. The S&P Dow Jones …
Centre College, in Danville, Kentucky, said on Monday that a $250 million donation — more than the school’s entire endowment and what would have been the largest outright gift to a liberal arts college in history — was not to be.
Inside McKinsey & Co., the management consulting firm everybody loves to hate.
Abercrombie & Fitch violated anti-discrimination laws when it fired a Muslim worker who insisted on wearing a head scarf, a federal judge in San Francisco ruled Tuesday.
It’s becoming more apparent that the fuel economy estimates on new-car windows are often very rough estimates. But the knowledge that these numbers are inflated may not necessarily hurt sales.
