Monthly Archives: May 2011

WASHINGTON – An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. Prices fell from February … Continue reading →

NEW YORK – The buyout firm Kohlberg Kravis Roberts Co. LP said Tuesday that it has agreed to buy a majority stake in Academy Sports + Outdoors, a privately held sporting goods retailer with locations throughout the Southeast. Terms were … Continue reading →

RAMALLAH, Palestinian Territories (AFP) – The Palestinian Authority is facing a financial crisis because funds pledged by donor nations are not arriving on time, Palestinian prime minister Salam Fayyad said Tuesday. Speaking at a press conference with Japan’s representative to … Continue reading →

BRUSSELS – European officials are locked in a heated debate over whether — and how — to give more aid to debt-ridden Greece just as a much-delayed examination of the country’s finances draws to a close. Experts from the European … Continue reading →

HELSINKI – Nokia Corp. on Tuesday warned its second-quarter sales and margins will be much lower than expected as rivals challenge the world’s largest handset maker in both smartphones and low-end devices. The announcement sent Nokia shares down more than … Continue reading →