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American International Group Inc. (AIG) took a bigger hit than expected in the fourth quarter, posting a net loss of $8.87 billion, Bloomberg reported. Shares fell 8.5 percent in early trading.

The New York-based firm …

Resales of U.S. homes and condominiums fell in January to the lowest level in seven months, calling into doubt the resilience of the housing recovery, MarketWatch reported.

Sales of existing homes dropped 7.2 percent last …

The U.S. economy grew a little faster in the fourth quarter than initially estimated, the Commerce Department reported today. A second reading of the fourth-quarter gross domestic product showed that the economy grew at a …

The board of directors of Broadlawns Medical Center on Tuesday approved bids totaling $11,135,000 for a new 40,000-square-foot medical office building to be built on the county hospital’s campus at 1801 Hickman Road. Construction of …

Chicago-based General Growth Properties Inc. (GGP), which owns Jordan Creek Town Center in West Des Moines, announced it has reached an agreement in principle with Brookfield Asset Management Inc. to invest in a proposed recapitalization …

High nondefense aircraft and parts orders in January are helping boost the nation’s total new orders of manufactured durable goods, according to a U.S. Department of Commerce report released today.

New orders of nondefense aircraft …

More than 700 of the nation’s financial institutions are now considered to be “troubled,” according to the latest quarterly report by the Federal Deposit Insurance Corp. (FDIC). The report paints a picture of an industry …

Federal Reserve Chairman Ben Bernanke told Congress this morning that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for a long time, …

In an effort to avoid bigger loan losses and give borrowers more time to get back on their feet, an increasing number of U.S. banks are restructuring troubled commercial real estate loans.

The trend is …

The Moody’s/REAL Commercial Property Price Index surged 4.1 percent in December from November, the largest monthly increase on record for U.S. commercial property values, Bloomberg reported.

And though the number commercial property transactions also jumped …