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

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. The New York Stock Exchange's operator will take over administration of the London interbank offered rate, or LIBOR, which had been the subject of a global market manipulation scandal. U.S. stock market futures rose, with sentiment boosted by Alcoa's unofficial kickoff to the second-quarter earnings season.
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