Financial news on May 24, 2009

Business and Financial news
Amid Housing Bust, Phoenix Begins a New Frenzy

Investors are scrambling to buy low-end houses that are in or near foreclosure, creating a boom in which bidding wars are routine. Read more..

By DAVID STREITFELD - The New York Times

Looking at Europe’s Green Ways

As the United States begins building its version of a green economy, ideas are flowing fast and furiously across the Atlantic, and the exchange is certain to intensify. Read more..

By KATE GALBRAITH - International Herald Tribune

See what else happened on May 24, 2009