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A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Chicago Bears officials alongside Mayor Brandon Johnson unveiled plans for a $4.7 billion project to build a publicly owned, enclosed stadium and enhanced lakefront area.
Eleven hotels earned the top three-key distinction, in a list that focused on major markets rather than being truly comprehensive.
Blackstone Inc. and KKR & Co. mortgage real estate investment trusts are grappling with deteriorating office loans as higher interest rates and weak demand drive down property values.
Jan 16, 2019
The Associated Press
SAN JOSE, Calif. -- Two cats are living large at a US$1,500-a-month studio apartment their owner rents for them in Silicon Valley, where a housing shortage has sent rents skyrocketing.
The Mercury News reports the 20-pound (9-kilogram) cats named Tina and Louise moved to the studio in San Jose after their owner moved away to college.
The student's father, Troy Good, was unable to keep them and asked friend David Callisch to rent him the kitchen-less studio so he could keep his daughter's beloved cats.
The newspaper reports Good and his cats got a decent deal because an average studio apartment in San Jose rents for US$1,951 a month, according to RentCafe.
Callisch says he feels bad wasting valuable living space on animals during a housing shortage, but he wanted to help a friend.