A proposed 21-story building in the Loring Hill neighborhood of Minneapolis was either too big for the area or unfairly rejected by Minneapolis City Council Member Lisa Goodman because of a personal animus toward the developer, according to lawyers for the council member and a developer on opposing sides.

Don’t miss the Holman W. Jenkins Jr. essay in Hoover’s Policy Review . He concludes with the following: No, if America suffers its own “lost decade,” it won’t be for the reason Japan did.

The West Bromwich Building Society is to be rescued within the next few days, the BBC’s business editor Robert Peston has learnt.

In this Tuesday, June 17, 2008 file photo, piles of water destroyed items line the streets in Cedar Rapids, Iowa.

The number of home foreclosure filings in Illinois fell in May, though they still were higher than a year ago.

Northern Trust named Cinthia Dewald as vice president of private banking in the Grand Rapids office.

Investors welcomed a better-than-expected report on jobless claims and growth in retail sales, pushing stocks higher Thursday morning.

BOSTON — A real estate agent said a resident of Boston’s upscale Back Bay section plunked down $300,000 to own what is believed to be the priciest parking space in the city’s history.

REUTERS/Robert Galbraith By Dan Haugen Thursday, June 11, 2009 U.S. Treasury Secretary Tim Geithner called it “an encouraging sign of financial repair” on Tuesday when his department cleared 10 major banks, including U.S. Bancorp, to pay back nearly $70 billion in taxpayer subsidies awarded...