Business briefs: Housing prices falling

U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor’s began its nationwide index in 1987. The decline in home prices around the nation shows no evidence of a market recovery anytime soon. MacroMarkets LLC Chief Economist Robert Shiller said the declining residential real estate market “shows no signs of slowing down.”

WHOLE FOODS

Whole Foods Market Inc. (WFMI) said it lined up financing to complete its $565 million purchase of rival grocer Wild Oats Markets Inc. (OATS), ending a six-month battle against federal regulators who tried to block the deal on antitrust grounds. The company said it took out a five-year, $700 million loan to fund the deal, which also includes the assumption of $137 million in Wild Oats debt.

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Mohammed Nuru, head of SF Public Works, arrested in FBI corruption probe

A newly released federal complaint has detailed the stunning allegations that led… Continue reading

Housing at San Francisco’s Union Square? Maybe the time has come

This is no fantasy scenario; it’s real…if Sand Hill properties gets its way.

Preston, advocates pressure major landlord to sell buildings to city or nonprofits

San Francisco’s largest owner of rent-controlled properties is unwilling to entertain demands… Continue reading

SF police union calls for federal prosecution of man shot by police

San Francisco’s police union urged federal authorities to intervene Monday after newly… Continue reading

Most Read