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Real Estate

Mittal Says It Won't Sell Weirton Plant After Justice Decision

Arcelor Mittal, the world's largest steel producer, said it won't sell its Weirton plant in West Virginia, after yesterday's order by the U.S. Justice Department to divest an alternative plant in Maryland.

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Mittal must sell Sparrows Point plant

Mittal Steel Co. NV must sell its Sparrows Point steel plant, according to a ruling announced this morning by the U.S. Department of Justice.

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Housing sales fall in 40 states in fourth quarter

WASHINGTON - The slump in housing deepened in the final three months of last year with sales falling in 40 states and median home prices declining in nearly half of the metropolitan areas surveyed, a real estate trade group reported Thursday.

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KB Home swings to a loss on price concessions and sales incentives

LOS ANGELES — KB Home, one of the nation's biggest homebuilders, said Tuesday it swung to a loss in its fiscal fourth quarter, as it offered price concessions and sales incentives amid a housing slowdown.

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Four Seasons Hotels Inc. to be taken private by Gates, Alwaleed

Four Seasons Hotels Inc., the manager of 74 luxury hotels, agreed to be taken private by Microsoft Corp. Chairman Bill Gates, Saudi Prince Alwaleed Bin Talal and the company's chief executive officer for $3.8 billion including debt.

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