Many of the nation's largest public housing authorities fear they will be left out when the government distributes hundreds of millions of dollars for new plumbing, roofing and other capital improvements sought by Congress in the name of economic stimulus.
The owners of ground zero, locked in a new round of heated talks with a private developer about how and when to build office towers at the World Trade Center site, have proposed indefinitely putting off two of three planned skyscrapers until the real estate market recovers, officials familiar with the negotiations say.
Freddie Mac says John Koskinen will take over as interim chief executive of the mortgage giant. Robert Glauber will become interim non-executive chairman.
The U.S. attorney's office says the former chairman and CEO of KB Home has been named in an indictment charging him with conspiring to defraud the homebuilder and shareholders through a stock option backdating scheme.