Study: Renters’ Rise Extends Beyond Cities to the Suburbs
Mar13

Study: Renters’ Rise Extends Beyond Cities to the Suburbs

New York — In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study. About 29 percent of metropolitan-area suburbanites were renters in 2014, up from 23 percent in 2006, according to a report released Tuesday by New York University’s Furman Center real estate think tank and the bank Capital One. The finances of home ownership since the...

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Mercedes Has Growth Challenges

Mercedes-Benz is completing a decade-long rejuvenation with the new E-Class sedan this month, capping an unprecedented flurry of fresh models that have brought rapid expansion but will make future growth tougher to deliver. The overhaul of Mercedes’ bread-and-better business sedan marks the last major model to get a technology and design upgrade until the next-generation A-Class hatchback rolls out in 2018. By that time, Mercedes will...

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Jobs Numbers Help to Dispel  Recession Fear
Mar06

Jobs Numbers Help to Dispel Recession Fear

Washington — A robust February jobs report showcased a resilient U.S. economy just as fears of a new recession had begun to surface. Economic reports in recent weeks had fueled anxieties about a looming downturn: Manufacturers were slumping. Stocks had plummeted. China was slowing sharply along with other emerging markets. The rising dollar had crushed exports. But last month, U.S. employers sent a clear message of confidence. They...

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Cater to Boomers or Millennials? Homebuilders Caught in Between
Feb28

Cater to Boomers or Millennials? Homebuilders Caught in Between

Las Vegas — The U.S. housing industry is being pulled in two directions. Baby boomers with big housing bucks to spend still rank at the top of many builders’ customer lists. But rising sales to millions of millennials have sent builders scrambling to tailor houses for the next generation of buyers. “Millennials are really coming into the market in significant numbers,” Dan DiClerico of Consumer Reports told homebuilders from around...

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For Millennials, Cereal Requires Too Much Work

Few things are as painless to prepare as cereal. Making it requires little more than pouring something (a cereal of your choice) into a bowl and then pouring something else (a milk of your choice) into the same bowl. Eating it requires little more than a spoon and your mouth. The food, which Americans still buy $10 billion of annually, has thrived over the decades, at least in part, because of this very quality: Its convenience. And...

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