By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy.
The Commerce Department said Wednesday that new
OMAHA, Neb. (AP) - Billionaire Warren Buffett says he expects the U.S. fiscal problems to be resolved no matter who wins the presidential election.
Buffett said on CNBC Wednesday that he thinks the solution is obvious to all the nation's leaders, but Washington, D.C., is on hold because of the
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - The steep losses stopped Wednesday as the stock market turned calm, a day after one of its biggest sell-offs of the year. Indexes ended with slight losses after the Federal Reserve said the U.S. economy still needs support.
The Dow Jones
NEW YORK (AP) - Stocks are opening higher on Wall Street, following a big drop the day before, after big companies including Boeing reported stronger profits.
Boeing was the biggest gainer in the Dow Jones industrial average, rising nearly 2 percent, after saying its full-year profits will be
SAN FRANCISCO (AP) - Visa says former JPMorgan executive Charles Scharf will become its next CEO, effective Nov. 1.
Scharf also is a former Visa Inc. director. He will replace Joseph Saunders, Visa's CEO since 2007. Saunders will remain Visa's executive chairman until his employment with
NEW YORK (AP) - Corning said Wednesday that it will likely cut costs, which may include "modest" job cuts, to support profit in a weakening economy.
It's the latest manufacturer to warn that the slowing global growth is hurting its business. Weaker global growth hurt Corning's
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett says he continues looking for a major acquisition for his Berkshire Hathaway, but he's not willing to pay more to compete with other bidders.
Buffett says Berkshire has lost out on a couple of major acquisitions in recent years because
NEW YORK (AP) - Stock futures are rising ahead of the latest U.S. housing data and on a report from China that could signal a recovery for the manufacturing sector of the world's second largest economy.
Dow Jones industrial futures are up 43 points to 13,084. The broader S&P futures have
LONDON (AP) - Cooks, cleaners and dozens of other female workers won a key equal pay ruling at Britain's High Court on Wednesday in a case which lawyers say will effectively extend the amount of time people in this country have to file such claims.
The case involved 174 female workers who are
By DAVID KOENIGAP Airlines Writer
DALLAS (AP) - US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season.
Net income for the third quarter was a record $245 million, or $1.24 per share, compared with $76 million, or 41 cents per