Small investors are purchasing the buildings that house smaller-format Walmart grocery stores in the South, as retail real estate with tenants that fare better against e-commerce competition attracts more investments. Four of Walmart's Neighborhood Market sites in Tennessee were sold to an investor for $49.5 million, and three other sites are in the process of being purchased.
The International Monetary Fund said the eurozone economy is picking up momentum but the time isn't right for the European Central Bank to start tightening monetary policy. The ECB "should remain firmly accommodative" until a sustainable inflationary trend develops that brings the economy to just below the ECB's target of 2%, the IMF said.
Federal Reserve Chair Janet Yellen might be renominated when her term expires next year, President Donald Trump says, reversing a campaign pledge to replace her. Trump says he greatly respects Yellen and thinks she is doing a good job.
The Department of Education and its loan servicers have garnished wages and withheld tax refunds and Social Security benefits to retrieve payment for student loans in default. Borrowers can lose driver's and professional licenses in some states, and Seth Frotman of the Consumer Financial Protection Bureau decries the action, saying "we treat struggling student-loan borrowers the same as deadbeat parents and tax cheats."
Operators of California oil and gas wells will face rules for higher blanket bonds starting Jan. 1. Bond amounts range from $200,000 for fewer than 50 wells in use to $3 million for more than 10,000 wells.
New York's lien law is complicated and challenges construction lenders, especially in documenting contract changes caused by delays, two attorneys write. Failure to properly document changes can subordinate lenders' lien rights.
The behavior of high-net-worth individuals as they prepare for retirement offers valuable lessons for everyone. These include focusing on the level of assets and not a particular age, investing for growth and planning for lifestyle.
The Securities and Exchange Commission says federal securities laws for registration apply to firms offering initial coin offerings of digital currencies, as well as exchanges trading cryptocurrencies. "It's been a long time coming and this is a big deal," said St. Mary's University School of Law associate professor Angela Walch.
Analysts forecast a renewed rally for European equities, powered mainly by banking, health care and industrial companies, after the strengthening euro caused their 2017 rise to stutter recently.
Greece's offering of five-year bonds puts the country on the path of financial independence when the bailout backed by international creditors ends in 2018. Greece sold €3 billion worth of bonds priced to yield 4.625%, which is 32 basis points less than the yield on comparable bonds sold in 2014.
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