A decline in the number of available properties, especially in California, prompted a new innovation at the real estate marketplace website Zillow.com. Late Wednesday night the six-year-old Zillow launched a free feature that allows potential home buyers to view homes that are owned by banks or are in the foreclosure process but are not officially listed for sale.
Industry
Penn West Shares Fall as Senior Managers Fired
Penn West Petroleum Ltd shares were down as much as 4.7 percent on Tuesday after the company fired four senior executives, including its chief operating officer.
Wall Street Jumps As Election Waiting Nears End
Stocks climbed on Tuesday, the last day of trading before the election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House.
Economists Say Jobs Data to Have Little Impact on U.S. Elections
Stronger-than-expected hiring by U.S. employers in October and a small increase in the jobless rate will have a neutral or insignificant impact on U.S. presidential elections next week, according to most economists surveyed in a Reuters poll on Friday.
Goldman Sachs Names Insurance Executive Tucker to Board of Directors
Goldman Sachs Group Inc named insurance executive Mark Edward Tucker as an independent director on Monday, expanding its board to a dozen directors, most of whom are independent.
Latest News
The country's second largest bank, Bank of America, has been accused of mortgage fraud in a civil suit filed by the U.S. government in a Manhattan court Wednesday, claiming it sold thousands of home loans that were deliberately processed at such a high speed adequate checks could not be performed, through its Countrywide Financial unit.
Zynga Inc has laid off 5 percent of its full-time workforce, shut its Boston office and scaled back in Austin, launching a sweeping overhaul that may also see the social game creator close its Japanese and British offices, Reuters reported Tuesday.
Yesterday's unveiling of Apple's new iPad Mini in California received a tepid response from a number of analysts who say the gadget's surprising price tag, $349 for a WI-FI-only version, will make it less of a threat than expected to similarly sized tablets, Reuters reported.
Warren Buffett, the country's second-richest man and one of the world's most successful investors, told CNBC in an interview Wednesday, that he sees the U.S. economy "inching ahead" despite slowing economies in Europe and Asia.
Priced at $329, Apple unveiled its iPad Mini at a media event held at the California Theater in San Jose this morning. As expected, the tablet is 7.9 inches, and will compete with the likes of Barnes & Noble's Nook Color and the Amazon's Kindle Fire HD.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Those-in-the-know are now saying that the eagerly anticipated iPad "Mini" will be released on Nov. 2.
The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
Rapid penetration of the mobile market is playing an increasingly critical role in an e-commerce company’s success, as more consumers shift to online shopping and to shopping using their mobile devices.
