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
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Reducing the Fed's efforts to keep borrowing rates low would
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
By STEPHEN WILSONAP Sports Writer
LONDON (AP) - Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the world's troubled financial times and proposing to deploy IOC staff permanently in host cities to
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
By JENNA GOTLIEBAssociated Press
REYKJAVIK, Iceland (AP) - The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc.
Sigmundur David Gunnlaugsson spoke
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
By FRANCES D'EMILIOAssociated Press
ROME (AP) - An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, which killed 32 people.
Judge Pietro Molino, at a closed-door hearing Wednesday in
NEW YORK (AP) - U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.
Dow Jones industrial futures are up 15 points to 15,370. S&P futures have added 2.2 points to 1,667.
By NICOLE WINFIELDAssociated Press
VATICAN CITY (AP) - The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing.
WASHINGTON (AP) - President Barack Obama will travel to tornado-ravaged Moore, Okla., on Sunday. That's according to a White House official, who wasn't authorized to publicly discuss the trip ahead of the official announcement and requested anonymity. A
BICKLETON, Wash. (AP) - A freak snow has given students a snow day in May in the Klickitat County town of Bickleton. School Superintendent Ric Palmer says 10-to-12 inches fell in places overnight and heavy snow brought some tree branches down on lines, knocking out power and
By TAMARA LUSH and BARBARA RODRIGUEZAssociated Press
ZEPHYRHILLS, Fla. (AP) - It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million.
The lucky ticket was bought sometime Saturday