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U.S. markets recover from steep losses
PALM BEACH, Fla., Feb. 26 (UPI) -- The widow of publishing heir Randolph Hearst can now count herself among thousands of U.S. citizens who have had a bank foreclose on their property.
Veronica Hearst's 52-room mansion on Manalapan's beach in Palm Beach County, Fla., attracted eight bidders and sold for $22 million at a courthouse auction on Tuesday.
New Stream Capital purchased the mansion within five minutes of the opening bid, the Palm Beach Post reported.
Hearst's lawyer, Al LaSorte, said the widow was willing to pay $20 million to stop the proceedings, but that he had advised her to let the auction proceed.
Among those in attendance were golfing great Greg Norman and his fiancee, tennis great Chris Evert.
He was just looking, apparently. "I'm just an interested bystander," Norman said.
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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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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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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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