Measures that target Russia’s core industries will depress consumption and investment
Apple's iPad sales fell 1.4 million from a year earlier, and a bigger and more powerful iPhone 6 will only cannibalize them
In offering conflicting opinions within hours, two federal courts have set up a fight at the Supreme Court over the Affordable Care Act
Xiaomi Chief Executive Officer Lei Jun unveils the Mi4, a metal-backed iPhone-esque smartphone with a 5-inch display, the latest Qualcomm Snapdragon chip, and a $320 price tag
His three-and-a-half-hour attack on Herbalife managed to push the stock price higher without breaking any new ground
Tim Kobe, the man behind the Apple Store's signature touches, remembers what Jobs taught him about retail design
What Netflix lovingly refers to as "Content" puts the company far ahead of Amazon and Hulu in the race to become a real HBO competitor
Yale SOM's application discount is the price of a new video game. Will it ease the burden for low-income students?
For chief executive officers, correlation between pay and stock performance is pretty random, as this chart illustrates
Jay Mallin/Bloomberg News
By The Bloomberg BusinessWeek staff
Despite promises from the White House, the number of homes in foreclosure across the U.S. in 2009 climbed to 2.8 million, an increase of 21% over 2008 and a staggering 120% jump since 2007. According to Irvine (Calif.)-based foreclosure-tracking company RealtyTrac, 2.21% of all U.S. housing units—one in 45—received at least one foreclosure filing last year. In RealtyTrac's yearend report of total foreclosures in 2009, the states that were hardest-hit by foreclosures continued to be Nevada, Arizona, Florida, California, and Utah, accounting for 50% of the national total. Nevada had 112,097 foreclosures, or more than 10% of all housing units in the state. Vermont suffered least, with only 143 foreclosures. RealtyTrac CEO James J. Saccacio says that 2009 could have been a lot worse: "As bad as the 2009 numbers are, they probably would have been worse if not for legislative and industry-related delays in processing delinquent loans." He points out that foreclosures peaked in July but warns that for 2010, a "massive supply of delinquent loans continues to loom over the housing market." In other words, don’t expect foreclosures to become rare any time soon.
All data courtesy of RealtyTrac