By The Associated Press
BULLISH BUILDERS: A survey of 417 U.S. homebuilders shows they are feeling more confident in their prospects for sales than they have in six and a half years.
THE NUMBERS: The National Association of Home Builders/Wells Fargo builder sentiment index increased to 46 this
By JAN M. OLSENAssociated Press
COPENHAGEN, Denmark (AP) - Scandinavia's flagship airline SAS averted imminent bankruptcy on Monday after all eight unions signed new collective agreements that will see jobs, salaries and pensions cut in the hope of restoring the company's
NEW YORK (AP) - A federal judge has dismissed a $25 billion lawsuit arising from the government rescue of the insurance company American International Group during the 2008 financial crisis.
Starr International, a company run by former AIG CEO Maurice "Hank" Greenberg, accused the Federal Reserve
MILAN (AP) - Capital goods maker Fiat Industrial SpA said Monday that it has sweetened its offer for a full merger with its U.S. subsidiary, the farm equipment maker CNH Global N.V., raising the value of the deal by more than 25 percent.
Fiat Industrial said its "best and final offer" to buy the 12
By PAUL SCHEMMAssociated Press
AGADIR, Morocco (AP) - Fishing countries on Monday voted to keep up strict limits on catching Atlantic Bluefin tuna, overruling fierce opposition from critics who argue that the key sushi ingredient is on the rebound.
Observers at a week-long meeting in the
NEW YORK (AP) - The price of oil closed at its highest point in nearly a month Monday on rising concerns about the Middle East and less worry about the U.S. "fiscal cliff."
President Barack Obama and leaders of the House and Senate appeared to have constructive discussions Friday to avoid a series
By DANIEL WAGNERAP Business Writer
The stock market finally shook its post-election slump.
Investors seized on hope that Washington will reach a deal on the federal budget and drove stocks Monday to their biggest gain in two months. A pair of strong corporate earnings reports also helped.
By ALEX VEIGA and CHRISTOPHER S. RUGABERAP Business Writers
WASHINGTON (AP) - From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains.
The latest evidence came in reports Monday that sales of previously occupied homes rose solidly in
By ALEX VEIGAAP Real Estate Writer
LOS ANGELES (AP) - Confidence among U.S. homebuilders rose this month to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year.
The National Association
NEW YORK (AP) - The stock market is starting the holiday week with a big gain.
Just after the opening bell on Wall Street, the Dow Jones industrial average is up 102 points at 12,690. The Standard & Poor's 500 index is up 12 at 1,372. And the Nasdaq composite index is up 32 to 2,885.