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HDIL drags Mumbai realty firm to courtMonday, January 5, 2009 @ 5:01PMThe Wadhawan group’s property company Housing Development Infrastructure Ltd. (HDIL) has sued a Mumbai-based property developer, Evershine Developers seeking compensation for transfer of development rights on a parcel of land and non-payment of dues to the bank.

City squeeze: now sights are set on the skyMonday, January 5, 2009 @ 4:57PMSydney to be reinvented as high-density metropolis.

Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2)Monday, January 5, 2009 @ 4:56PMJan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.

Japan Outlook: No Major Events ScheduledMonday, January 5, 2009 @ 4:35PMTOKYO (Dow Jones)--Here are the major economic events scheduled in Japan on Tuesday. All times refer to GMT. INDICATORS No major indicators are scheduled for release Tuesday. - EVENTS No major events are scheduled for Tuesday.

Ackman’s Hedge Fund for Target Stake Fell 68% in 2008 (Update1)Monday, January 5, 2009 @ 4:32PMJan. 5 (Bloomberg) -- William Ackman’s hedge fund that invests in Target Corp. fell 68 percent last year, more than double the loss by the second-largest U.S. discount chain.

Houston Is Recession-Proofing Its Economy -- With Wind PowerMonday, January 5, 2009 @ 7:18AMFlush with oil-and-gas money but wary of a bust, the Texas metropolis launches a multimillion-dollar effort to recession-proof its economy.

SBI picks up 20% in MayfairMonday, January 5, 2009 @ 7:17AMThe State Bank of India (SBI), the largest bank in the country, has picked up 19.7 per cent equity in Orissa-based Mayfair Hotels and Resorts (MHRL) through a private equity (PE) deal.

High-rise suburbs comingMonday, January 5, 2009 @ 7:12AMSydney will be reinvented as a high-density metropolis serviced by mass-transit underground subways under transport blueprint.

Get ready: high-rise suburbs comingMonday, January 5, 2009 @ 7:10AMSYDNEY will be reinvented as a high-density metropolis serviced by mass-transit subways under a transport blueprint being developed by senior state and federal government bureaucrats.