President Obama hailed New York and the U.S.'s comeback from the housing bust on Tuesday, saying it was time to reduce the federal role and risk in the mortgage market "to make sure this kind of crisis we went through never happens again."
Amazon.com Inc. Chief Executive Jeff Bezos bought The Washington Post in a $250 million deal announced on Monday, which underscored the economic decline of the newspaper business and a renewed emphasis on the role of modern media in shaping news.
While the announcement of documents from Schindler's List being put on eBay for $3 million raised some eyebrows in recent days, a director of a museum in Krakow Poland, near the Auschwitz death camps said the historical document should not cost as much as the going rate is online.
The city of Detroit has filed the largest-ever municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors.
