Facebook Chief Executive Officer Mark Zuckerberg knows what he's getting himself for the holidays. On the eve of his stock joining the Standard & Poor's 500 stock index, the billionaire is exercising an option to purchase 60 million super-voting Class B shares ...
WASHINGTON (Reuters) - The Obama administration warned Congress on Thursday that the government could run out of borrowing authority needed to help pay its bills as soon as February if lawmakers do not swiftly raise the federal debt ceiling.
Ocwen Financial Corp., the biggest non-bank in the mortgage-servicing industry, will provide $2.1 billion in relief for homeowners to settle regulators' claims over abuses in its handling of borrowers' loans.
Caving to activist shareholder pressure, Darden Restaurants (DRI) unveiled plans on Thursday to spin off or sell its Red Lobster chain as quarterly profits tumbled by a worse-than-expected 42%.
Polk County's median sale price for existing single-family homes was $129,000 last month, up 17.3 percent annually, according to the Florida Realtors organization.