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U.S. markets recover from steep losses
NEW YORK, Sept. 22 (UPI) -- The Port Authority of New York and New Jersey and the developer of the World Trade Center have reached an agreement on rebuilding the iconic site.
The pact divides development rights for the site's five planned towers between developer Larry Silverstein and the port authority, the Wall Street Journal reported Friday.
The authority will own the signature Freedom Tower, one other tower and a shopping mall, while Silverstein will build three office skyscrapers on the east side of the site.
Under terms of the agreement, Silverstein has until around the end of 2013 to build those three towers, or face losing the properties entirely.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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