FOX First At Ten Business News

US home sales tick up to highest in 3 ½ years

By CHRISTOPHER S. RUGABERAP Economics Writer WASHINGTON (AP) - Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale. The National Association of Realtors said Wednesday that sales rose to a

Stocks edge higher as investors watch the Fed

NEW YORK (AP) - Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve. The Dow Jones industrial average was up 39 points at 15,424 shortly after the opening bell Wednesday, a gain of 0.2 percent. The Standard & Poor's 500 index was up four

African Union celebrates 50th year

By KIRUBEL TADESSEAssociated Press ADDIS ABABA, Ethiopia (AP) - African nations this week mark the 50th year since the founding of a continentwide organization that spearheaded efforts to liberate Africa from colonial masters. Now leaders want to map out the next 50 years of political and economic

Target's 1Q profit drops 26 pct on weak sales

By ANNE D'INNOCENZIOAP Retail Writer NEW YORK (AP) - Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending. The company, based in Minneapolis, also cut its annual profit outlook, sending its