Chicago futures trader Donald Wilson Jr. has been using hard times and falling prices to bulk up on real estate holdings here. Now he’s stepping up to a riskier class, going from investor to developer, and he’s tipped off his plan of action. Wilson is making the case to build a 50-story building along North Water Street immediately north of the Sheraton hotel. It would include apartments on the higher floors and a hotel on the lower levels. Sources said Wilson has an agreement with the Loews chain to operate the hotel. Through a spokeswoman, Wilson declined to comment. But …
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One of Britain's leading businessmen has said he is happy to pay more tax and urged the Government not to scrap the new 50p rate of income tax.
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Today's pretty space pic, of the dark, cloudy center of the Omega Nebula, strikes our fancy due to its ominous scratchiness, like a beautiful cerulean and red painting marred by handfuls of dirt scraped across its surface. The nebula is about 5,000 light-years away, and is...
The organizers behind the planned Formula 1 track in Austin, Texas, have bought 900 acres of land on which to build the all-new racetrack. The location, represented as a red rectangle on the above interactive map, is about 20 miles south of the center of Austin (denoted by the green pin stuck in...
Name : Todd Callaway [More]
WASHINGTON -- President Obama says he can relate to the plight of Americans striving in the struggling economy to pay bills while saving for their kids' education.
Telegraph View: The unwillingness of the Germans to bankroll indebted countries is prelonging the eurozone crisis.
The era of global "currency wars" has taken a dramatic turn after Switzerland abandoned its floating exchange rate, setting a floor against the euro to counter safe-haven flight from eurozone debtors.
Stock indexes closed at the highest point since the U.S. debt limit showdown in August Monday. The market was driven higher by a round of big corporate takeovers and reports that Europe’s bailout fund will be larger than first thought. The Dow closed up 104.83 points...
Video of the Week #19, November 30th, 2011
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NEW YORK -- Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through three bosses in quick succession just because it's turned a profit for a few months?