Real Estate
  • Downtown Detroit is seen from a vacant lot, looking south along Woodward Avenue.    REUTERS/ Rebecca Cook

    Detroit eyes bankruptcy exit in second week of December: attorney

    By Reuters

    Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates the plan during the first week...

  • Dutch-based biotech firm Prosensa's researchers work on developing, possibly the world's first treatment for Duchenne muscular dystrophy disease (DMD), at their new laboratory in Leiden February 17, 2011.  REUTERS/Jerry Lampen

    BioMarin to buy Prosensa in $840 million deal

    By Vidya L Nathan and Amrutha Penumudi, Reuters

    (Reuters) - BioMarin Pharmaceuticals Inc said it would buy Dutch drug developer Prosensa Holding NV for about $840 million including milestone payments, aiming to add to its portfolio of drugs to...

  • The logo of RenaissanceRe Holdings Ltd. REUTERS/RenaissanceRe/Handout

    RenaissanceRe to buy Platinum Underwriters for $1.9 billion

    By Avik Das, Reuters

    (Reuters) - RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and...

  • Pedestrians walk past an Aviva logo outside the company's head office in the city of London March 5, 2009. REUTERS/Stephen Hird

    Aviva falls on Friends Life merger plan doubts

    By Carolyn Cohn, Reuters

    LONDON (Reuters) - Shares in British insurer Aviva fell more than five percent on Monday reflecting uncertainty about the potential benefits of the company's 5.6 billion pound (8.79 billion US dollar...

  • An undated handout rendering of the driver cockpit with instruments, interactive touch screen controls and head-up display in Visteon's e-Bee vehicle concept. REUTERS/Visteon/Handout

    Visteon eyes $3.6 billion sale of South Korean unit: reports

    By Hyunjoo Jin, Reuters

    SEOUL (Reuters) - U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp <018880.KS> to a local...