Business Latest News: Completed U.S. Foreclosures Decline in May From Year Ago: CoreLogic

Wochit 0:48 mins

According to data analysis firm CoreLogic, fewer U.S. foreclosures were completed in May compared with a year ago, while the number of houses in the foreclosure process also declined as the market continued to heal. A rift in Europe over how best to control its banks has raised a question mark over how far the bloc is willing to go in setting up a new agency to shut stricken banks. Dell Inc shareholder Yacktman Asset Management said it plans to support Carl Icahn and Southeastern Asset Management's buyout proposal for the PC maker.

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