Sales of previously owned U.S. homes slumped in November from a one-year high, underscoring the uneven nature of the current recovery in residential real estate that's been one of its defining characteristics.
As part of a settlement reached on Monday with the U.S. Department of Justice, Bank Leumi Group will pay $270 million in fines. It's the first time an Israeli bank has admitted to this type of criminal activity.
MOSCOW (Reuters) - The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite.
NEW YORK - American Apparel Inc., the retail chain that ousted its controversial founder last week, said a buyer has expressed interest in acquiring the company for as much as $1.40 a share, confirming reports that have driven up the stock.
RIO DE JANEIRO - On the surface it could not be much worse for Brazil. With the economy faltering, its cherished government-controlled oil company Petrobras spiraled into a $3.8 billion corruption scandal just as it was finally ramping up production in its ...