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Articles Written by: BYREUTERS
United States home foreclosure filings surged 57 percent in the 12-month period that ended in March, and bank repossessions soared 129 percent from a year ago, the real estate data firm RealtyTrac said on Tuesday.
For the month of March, foreclosure ...
The Lennar Corporation reported a quarterly loss Thursday as deliveries of new homes and new orders fell, but the results were not as bad as expected and shares of the home builder rose.
The chief executive, Stuart A. Miller, said the United States ...
American International Group, the insurance company, has filed a complaint in New York Supreme Court against its former chief executive, Maurice R. Greenberg, and six other former directors and officers, accusing them of breaching their fiduciary duty. ...
Citigroup Inc., the banking giant, said Wednesday that it had agreed to pay Enron creditors $1.66 billion to settle a lawsuit over its responsibility in the downfall of the energy trading company.
Citi is the last of 11 banks to settle with Enron ...
Bain Capital Partners said Thursday it was ending its agreement with China’s biggest network equipment maker, Huawei Technologies, to buy the 3Com Corporation, citing plans by a United States security panel to block the deal.
Shares of 3Com, which ...
Darden Restaurants Inc., parent of the Olive Garden and Red Lobster restaurant chains, said on Tuesday that it posted a higher net profit, aided by its recently acquired LongHorn Steakhouse and Capital Grille chains.
Net income in the third quarter ...
The J. Crew Group, the clothing retailer, posted adjusted earnings on Tuesday that beat Wall Street estimates, even while quarterly net profit fell because of a tax benefit a year ago.
J. Crew, which also has a catalog and online business, also gave a 2 ...
Dick’s Sporting Goods posted fourth-quarter results on Tuesday that topped market estimates, helped by sales at its new stores, but the retailer forecast lackluster results in the first quarter and 2008.
The retailer, which plans to add about 46 Dick’s ...
Visiting Portsmouth stunned Manchester United at Old Trafford on Saturday, scoring a 1-0 victory to reach the F.A. Cup semifinals.
News and features from around the world of soccer and the Web.
Portsmouth was forced to defend much of the game, but won ...
Legg Mason, the asset management company, threw its short-term money funds a new lifeline on Friday by securing a $150 million letter of credit to prop up portfolios exposed to troubled structured investment vehicles.
The asset manager said the money, ...
