Industrials

Geithner: mortgage costs to rise with reform

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be "modestly higher" after reforms are completed to the national housing finance system.

Skechers sues Sears over Shape-ups

(Reuters) - Skechers USA Inc sued Sears Holdings Corp , alleging that the housewares and apparel giant was selling footwear that infringed on some of its brands, including Shape-ups.

Berkshire Hathaway says Sokol misled company

NEW YORK (Reuters) - Berkshire Hathaway on Wednesday said David Sokol misled the company in the way he disclosed his financial interest in Lubrizol Corp before pushing Berkshire CEO Warren Buffett to buy it.

Pending home sales dive 11.6 percent in April

WASHINGTON (Reuters) - Pending sales of existing homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market.