London, April 7: The owners of the Empire State Building have announced that they are planning to turn the tall skyscraper ‘green’, by investing an additional 20 million dollars to reduce its carbon footprint and energy consumption.

According to a report in the Guardian, the current owners of the 102-storey office block, Wien and Malkin, hope to buck the economic trend by making the building environment friendly and charging higher rents.

Washington - The United States launched a new crackdown Monday on mortgage fraud that may have contributed to the country's worst housing downturn in decades.

The US Justice Department, Treasury and other government agencies announced a joint effort to target bogus companies that have sprouted up offering mortgage refinancing and foreclosure help.

More than 3 million people were in foreclosure in 2008, a record that helped drive down US home prices and spurred the financial crisis that has plunged the world into recession.

Stock market expert  has maintained ‘Buy’ rating on Unitech stock to achieve an intraday target of Rs 36.50.

According to him, day traders can buy the stock around Rs 34 with a stop loss of Rs 33.50.

Shares of the company, on Monday (March 30), closed at Rs 33.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 5.62 and 6.25 respectively. The share price has seen a 52-week high of Rs 338 and a low of Rs 21.80 on BSE.

Munich  - The German federal government is to buy shares of ailing mortgage lender Hypo Real Estate (HRE), the bank announced Saturday.

The state is to initially recapitalize the Munich-based financier by purchasing an 8.7-per-cent stake in the business, HRE said in a statement.

In the long term however, the German government bank bailout agency SoFFin is to take complete control of the bank, HRE said.

New York  - The Beijing Vantone Real Estate Company planned to sign Thursday a lease for five floors in the new World Trade Center's Freedom Tower, making it the building's first corporate tenant, news reports said.

The US government and New York City's agencies have all agreed to lease space in the 592-meter tower, which is being built on the same land where the original twin towers were destroyed by terrorist attacks on September 11, 2001.