Bloomberg New York real estate developer Ashkenazy Acquisition Corp. offered to buy a controlling stake in Clal Insurance Enterprises Holdings Ltd., a unit of distressed IDB Development Ltd., according to two people familiar with the matter. IDBD said it received a non-binding offer that values the insurer at $743 million, without identifying the bidder. Michael Alpert, the president of ...

  Washington / AP Long-term U.S. mortgage rates rose this week but remained at low levels that could entice purchasers amid the current home buying season. Mortgage buyer Freddie Mac said that the average 30-year fixed-rate mortgage increased to 3.64 percent from 3.58 percent last week. It’s far below its level a year ago of 3.87%. The average rate on 15-year ...

  Bloomberg Donald Trump criticized the wind-power industry this week for killing birds. A far bigger threat is real estate developers and their tall buildings. About 599 million birds are killed annually in the U.S. when they fly into windows, trailing only loss of habitat and cats as the top causes of bird deaths, according to the National Audubon Society. ...