Saturday, October 25, 2014
U.S. sales of new homes were essentially flat in September, after the government sharply revised downward what was initially an August surge in buying.
Friday, October 24, 2014
U.S. stocks Thursday rose decisively in early trade following a batch of mostly solid earnings reports from Dow members Caterpillar, 3M and others.
The U.S. government is now urging owners of nearly 8 million cars and trucks to have the air bags repaired because of potential danger to drivers and passengers. But the effort is being complicated by confusing information and a malfunctioning website.
Thursday, October 23, 2014
U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains benign.
Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators.
After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps.
Sliding oil prices are deepening the budget crisis facing the Venezuelan government, which is already struggling to fund its lavish subsidies and rigid exchange-rate controls, analysts say.
Prominent Dallas businessman Samuel Wyly has filed for bankruptcy protection as he and the estate of his brother face up to US$400 million in penalties after being found liable for hiding stock holdings overseas.
Wednesday, October 22, 2014
A federal regulator says government-controlled mortgage giants Fannie Mae and Freddie Mac have reached an agreement with major banks that could expand lending.
Monday, October 20, 2014
A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans: