By JOSH BOAKAP Economics Writer
WASHINGTON (AP) - The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, while the lingering effect of the October government shutdown might have deterred some
By The Associated Press
Honda Motor Co. has topped the insurance industry's annual list of the safest new vehicles.
The Insurance Institute for Highway Safety on Thursday gave 39 vehicles top safety ratings for 2014. That is dramatically fewer than the 130 on the list last year because vehicles
NEW YORK (AP) - Stocks are slipping and long-term interest rates are rising a day after the Federal Reserve said it would reduce its bond purchases.
The Dow Jones industrial average was down 26 points, or 0.2 percent, to 16,138 in the first few minutes of trading Thursday.
The Standard & Poor
By TOM MURPHYAP Business Writer
Problems with the government's main health care overhaul website carry a bigger risk than frequent crashes: Higher prices could follow for many Americans if technical troubles scare off young people.
The government has touted recent improvements to HeathCare.gov
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits rose 10,000 last week to a seasonally adjusted 379,000, the highest since March. The increase may reflect volatility around the Thanksgiving holidays.
The Labor Department said
By STEVE ROTHWELLAP Business Writer
NEW YORK (AP) - Stocks pulled back from record levels Thursday after surging a day earlier. The market gained the most in more than two months Wednesday after the Federal Reserve said it was trimming its stimulus efforts, which investors saw as a vote of
BERLIN (AP) - Daimler AG and British sports car maker Aston Martin Lagonda Ltd have signed a deal that will see the two companies develop engines together and the German company get a stake in Aston Martin.
The companies said Thursday that Aston Martin and Daimler subsidiary Mercedes-AMG will
By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Darden Restaurants wants to set Red Lobster adrift.
The company said Thursday that it is looking to either spin off or sell Red Lobster as part of its plan to boost value for its shareholders. Those plans also include suspending the opening of
MENLO PARK, Calif. (AP) - Facebook plans to offer 70 million shares of its Class A stock in a sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg, who also will buy Class B shares that carry more voting weight.
The secondary offering of stock comes as the social
JERUSALEM (AP) - An Israeli court has sentenced the former chairman of a major Israeli bank to a year in prison following his conviction on charges of fraud and breach of trust.
Danny Dankner served as chairman of Bank Hapoalim between 2007 and 2009 and in October confessed in a plea deal to the