Business News

FILE - For sale sign for a new home is shown in East Palo Alto, Calif., in this Dec. 16, 2008 file photo. The Commerce Department's report on October new home sales, to be released Wednesday Nov. 25, 2009 at 10 a.m. EST, is forecast to show a 2 percent increase to a seasonally adjusted annual rate of 410,000, from 402,000 in September, according to economists polled by Thomson Reuters (AP Photo, File)
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AP

Sales of new homes forecast to rise 2 percent

AP - 59 minutes ago

WASHINGTON - Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.

Economy News

  • FILE - In this Sept. 19, 2007 file photo, an oil pump is seen at dusk in Sakhir, Bahrain. Oil prices fell below $76 a barrel Tuesday, Nov. 24, 2009, with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best. (AP Photo/Hasan Jamali, File)
    Oil hovers near $76 amid weak US crude demand AP - 13 minutes ago

    SINGAPORE - Oil prices hovered near $76 a barrel Wednesday in Asia as investors mulled whether signs of a sluggish U.S. economy and weak crude demand justified a further sell-off this week.

  • Thanksgiving traveler Natalie Richards, 4, arrives with her luggage at San Francisco International Airport in San Francisco from her home in Los Angeles, Tuesday, Nov. 24, 2009. (AP Photo/Paul Sakuma)
    Americans search for cheaper Thanksgiving trips AP - 2 minutes ago

    CHICAGO - The Miles family is changing it up this year in the annual American race to make it to the table for Thanksgiving dinner. Instead of booking plane tickets, they opted to take the 1,100-mile trip by train.

  • FILE - For sale sign for a new home is shown in East Palo Alto, Calif., in this Dec. 16, 2008 file photo. The Commerce Department's report on October new home sales, to be released Wednesday Nov. 25, 2009 at 10 a.m. EST, is forecast to show a 2 percent increase to a seasonally adjusted annual rate of 410,000, from 402,000 in September, according to economists polled by Thomson Reuters (AP Photo, File)
    Sales of new homes forecast to rise 2 percent AP - 59 minutes ago

    WASHINGTON - Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.

Stock Markets News

  • Traders work on the floor of the New York Stock Exchange November 9, 2009. REUTERS/Brendan McDermid
    Asian stocks mixed on concern about US recovery AP - 16 minutes ago

    BEIJING - Asian stocks were mixed Wednesday after more evidence that recovery in the world's biggest economy is set to be slow and bumpy.

  • In this Monday, Nov. 23, 2009 photo, Specialist William Brazer works at his post on the floor of the New York Stock Exchange. Slow consumer spending, weakness in commercial construction and the nation's trade gap all likely contributed to the lower growth expectation on Tuesday.(AP Photo/Richard Drew)
    Asia shares gain but Nikkei hits 4-month low Reuters - Tue Nov 24, 11:29 PM ET

    HONG KONG (Reuters) - Asian stocks climbed on Wednesday after the Federal Reserve raised U.S. growth forecasts for 2010 but Japanese shares fell to a four-month low on worries about capital raisings and government economic policy.

  • As Duoyuan's Pattern Shows, IPOs Often Wild Investor's Business Daily - Tue Nov 24, 6:38 PM ET

    Year to date, Chinese stocks on U.S. exchanges have led the uptrend.

Earnings News

  • FILE - In this May 18, 2009 file photo, a customer reads magazines inside the Barnes and Noble store in Tallahassee, Fla. Barnes & Noble said Tuesday, Nov. 24, 2009, it posted a wider loss in the second quarter because of costs for an acquisition.(AP Photo/Phil Coale, File)
    Top 2 booksellers report losses, their shares fall AP - Tue Nov 24, 8:28 PM ET

    NEW YORK - Barnes & Noble Inc. and Borders Group Inc., the nation's two largest brick-and-mortar book sellers, both posted quarterly losses Tuesday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening.

  • Blue Coat posts profit as sales rise slightly AP - Tue Nov 24, 7:51 PM ET

    SUNNYVALE, Calif. - Blue Coat Systems Inc. on Tuesday reported a fiscal second-quarter profit, reversing a year-ago loss, as sales of its security hardware and software products rose slightly and costs declined.

  • China's 3G Conversion Boosts Telecom Software Firm's Earnings Investor's Business Daily - Tue Nov 24, 6:30 PM ET

    U.S. telecom firms have hit a ceiling as most Americans have a cell phone and Internet access. These firms can only dream of untapped potential in China, the world's largest mobile market.

Industries

  • The new Saab 95 is pictured at the Frankfurt International Auto Show IAA in Frankfurt September 15, 2009. REUTERS/Johannes Eisele
    GM's Saab sale collapses as buyer backs out Reuters - 33 minutes ago

    DETROIT (Reuters) - A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.

  • GM returns $140M provided for parts suppliers AP - Tue Nov 24, 7:15 PM ET

    WASHINGTON - General Motors has returned $140 million of the $290 million it received from the government to support is parts suppliers.

  • The risks of taking anti-inflammatory drug Vioxx could have been detected nearly four years before the drug was pulled from the market, according to analysis of nearly 30 clinical trials.(AFP/Getty Images/File)
    Trials showed Vioxx risk years before withdrawal: study AFP - Tue Nov 24, 8:50 AM ET

    WASHINGTON (AFP) - The risks of taking anti-inflammatory drug Vioxx could have been detected nearly four years before the drug was pulled from the market, according to analysis of nearly 30 clinical trials.

Opinion

Most Popular Business News

  • People pass by the Mistral French amphibious assault ship docked on the Neva River in downtown St. Petersburg, Russia, Tuesday, Nov. 24, 2009. A cutting-edge French warship sailed into St. Petersburg Monday to show off its capabilities to potential buyers in the Russian navy, whose pursuit of an amphibious assault capacity is frightening some neighboring countries. (AP Photo/Dmitry Lovetsky)
    France shows off cutting-edge navy ship in Russia AP - Tue Nov 24, 2:38 PM ET

    ST. PETERSBURG, Russia - French officers on Tuesday showed off a cutting-edge warship to a potential buyer — the Russian navy, whose pursuit of an amphibious assault capacity is frightening some neighboring countries.

  • This undated handout photo provided by the Consumer Product Safety Commission, shows a drop-side crib by Stork Craft Manufacturing of Canada. More than 2.1 million drop-side cribs by Stork Craft Manufacturing of Canada are being recalled following reports of four infant suffocations. The CPSC said the recall involves 1.2 million cribs in the United States and almost 1 million in Canada, where Stork Craft is based. (AP Photo/Consumer Product Safety Commission)
    CPSC chief pledges swift action after crib recall AP - Tue Nov 24, 9:30 PM ET

    WASHINGTON - The head of the Consumer Product Safety Commission on Tuesday promised swift action to get dangerous products off the market, acknowledging that the agency didn't move quickly enough on a record recall of more than 2 million cribs linked to four deaths.

  • In this Nov. 17, 2009 photo, A 'sold' sign is seen outside a home in Los Angeles. October home sales are up 10.1 percent, beating expectations, as tax credit spurs sales. (AP Photo/Reed Saxon)
    October home sales rise 10.1 pct from September AP - Mon Nov 23, 4:18 PM ET

    WASHINGTON - Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.