Starwood Capital is on the verge of selling a huge Vancouver residential development as it looks to tap into strong demand for condos in the area.
Developers, pension funds and big banks are racing to build thousands of condominiums and swaths of commercial space along the newest stretches of Vancouver’s light-rail system.
Fiat Chrysler Automobiles logged a better-than-expected 1.7% increase in U.S. auto sales, but overall U.S. sales are expected to cool in August on the impact of a later Labor Day.
Order expected to exacerbate an estimated 30% excess capacity in shipping route between Asia and Europe.
Yahoo Chief Executive Marissa Mayer is expecting twin girls and expects to take “limited time away,” the CEO announced via a blog posting.
Whirlpool has approached AGA Rangemaster, the iconic British maker of cast-iron ovens, over a possible cash bid, turning up the heat on Middleby Corp. which agreed in July to buy AGA for $198 million.
Fixing its Kashi brand, says the CEO, is key to bulking up sales in the fast-growing natural and organic food aisles, part of a broader push to revive the 109-year old firm.
Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.
California lawmakers gave final approval to legislation that seeks to ensure equal compensation for women in the workplace by prohibiting employers from paying differing wages to employees who do “substantially similar work.”
Nasdaq OMX Group will supply market-surveillance technology to a Chinese securities exchange and some mainland financial firms, as Beijing steps up scrutiny of its financial industry.