Spring buying boosts US home prices for 4th month

Home prices rose for a fourth straight month in most major U.S. cities in July, buoyed by the peak buying season. But the housing market […]

Defiant Yemeni leader makes no pledge to step down

Yemen’s defiant president addressed his troubled nation Sunday for the first time since returning to the country after an assassination attempt, making no promise to […]

IMF: World economy enters ‘dangerous new phase’

The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending […]

Lennar 3Q profit drops 31 pct, meets Street view

Lennar Corp.’s fiscal third-quarter profit dropped 31 percent as the company delivered fewer homes.
The homebuilder said Monday that demand is picking up somewhat, driven by […]

Autoworkers, GM make progress on new contract

It looks like the United Auto Workers union and General Motors Co. are nearing an agreement on a new contract.
UAW Vice President Joe Ashton, the […]

US 10-yr Treasury yield falls to lowest on record

Fears about Europe’s debt crisis are pushing the yield on the 10-year Treasury note to its lowest point on records dating back nearly 50 years […]

Unemployed face tough competition: underemployed

The job market is even worse than the 9.1 percent unemployment rate suggests.
America’s 14 million unemployed aren’t competing just with each other. They must also […]

Automakers bet consumers still want compact cars

Automakers are gearing up to make more compact cars this year. It’s another bet on a part of the car market that has thrived this […]

Australia’s Fairfax Media posts $408 million loss

Fairfax Media Ltd., publisher of hundreds of newspapers in Australia and New Zealand, Friday reported a $408 million annual loss after writing down the value […]

Survey: Employers consider ending health coverage

A new survey from a large benefits consultant says nearly one of every 10 mid-sized or big employers expects to stop offering health coverage to […]