The market for collateralized loan obligations in the U.S. will shrink by at least 75 percent if proposed risk retention rules are implemented, according to the Loan Syndications and Trading Association.
Duke Energy Corp. will halt plans to build a new nuclear plant in Florida and seek to recover as much as $1.47 billion in costs associated with a shuttered reactor in the state under a settlement with regulatory staff.
Confidence among U.S. consumers declined in July from a five-year high as higher borrowing costs and gasoline prices tempered Americans’ outlook for the economy, even as their assessment of current conditions improved.
Hennes & Mauritz AB began selling cheap-chic clothes online in Sweden about the same time Google Inc. started crunching its first search results. Fifteen years later, H&M’s American fans are still waiting for Web shopping.
In Charlotte, 42 percent of the population rents and the remaining 58 percent are homeowners. And in the past year the Charlotte real estate market has seen an 5.8 percent increase in value, with a median sales price of $213,500, according to Zillow.