LAS VEGAS / Bloomberg At the onset of the millennium, house flippers—people who purchased imperfect homes, renovated them, and resold them at a profit mere months later—ran rampant in U.S. housing markets. When the market went bust, the flippers mostly went away, replaced by investors who bought distressed homes and rented them out. The practice of flipping homes has been ...

London / Bloomberg Wells Fargo & Co., the world’s largest bank by market value, is close to a deal to lease an office building being constructed near the Bank of England in the City of London financial district, a person with knowledge of the matter said, asking not to be identified because the talks are private. The 33 Central building ...

RIYADH / Bloomberg JODC’s core business of developing projects close to Islam’s holiest site in Mecca, is no longer viable. Jabal Omar Development Company (JODC) is in financial trouble and that much is known from the company’s disclosures to the Saudi Stock Exchange earlier in 2016. It has swung to a loss and the company has been forced to negotiate ...