Worries Weigh on Manhattan Market

Despite some big-ticket apartment sales to multimillionaire and billionaires, Manhattan apartment prices and sales have inched up only modestly during the second quarter.

Reverse Mortgages Worry Regulator

A U.S. financial regulator warned that new rules may be needed to address hidden dangers in reverse mortgages, the special loans that enable cash-strapped seniors to borrow against the equity in their homes.

Lennar Second-Quarter Profit Soars

Lennar reported a sharply higher quarterly profit aided by a tax-related gain and stronger home-building revenue and said the U.S. housing market continues to recover slowly.

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Banker Sentenced in Formula One Case

A former German banking executive was given 8½ years in jail after admitting to accepting $44 million in payments from Formula One mogul Bernie Ecclestone.

Fiat to Boost Stake in Chrysler

Lakeside Modern in Austin

GM India, Tata Motors to Suspend Production This Week

India Panel Recommends Changes in Diesel Subsidy System

Jets, Giants Move to Block Megamall's Development