German Chancellor Angela Merkel said eliminating the budget deficit and completing the country’s transformation from coal and nuclear energy to renewables are key priorities for her third four-year term.
A dwindling inventory of foreclosed properties has helped restrict the supply of homes for sale, pushing up prices despite pricing mortgage rates.
Stocks closed mostly flat on Monday following a two-week rally, with weaker-than-forecast housing data and light trading volume holding back upward momentum.
Crocs Inc (CROX.O) announced today that Blackstone Group LP (BX.N) is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company.
Contracts to purchase previously owned U.S. homes rose less than forecast in November, reflecting rising borrowing costs are reining in a residential real estate recovery.
Government officials from China and South Korea warned Monday that the rapidly falling yen may hurt their exporters.