Demand for Home Loans Plunges
Mortgage lending declined to the lowest level in 14 years in the first quarter as homeowners pulled back sharply from refinancing and house hunters showed little appetite for new loans, the latest sign of how rising interest rates have dented the housing recovery.
Alibaba Puts IPO Record in Sight
Alibaba and its bankers are discussing adding new shares to the company's IPO, a move that would allow the e-commerce giant to raise funds for itself and could push the size of the deal to a record.
Tech Firms Settle Suit Over Wages
Apple, Google, Intel and Adobe Systems agreed to settle a lawsuit in which 64,000 employees accused them of conspiring not to recruit each other's workers, depressing wages. A person close to the defendants said the settlement price was around $325 million.