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.
COPENHAGEN, Denmark (AP) - Danish and Norwegian media are reporting that all eight unions have now approved a savings plan that will help the troubled SAS carrier stay afloat.
Denmark's TV2 and Norway's NTB news agency are reporting that the Danish CAU cabin crew union finally signed on to
ATHENS, Greece (AP) - Greece faces a tense wait Tuesday for vital bailout money as finance ministers from the 17 European Union countries that use the euro try to reach an agreement on how to put the country's economic recovery back on the right track.
Athens is waiting for a €31.5 billion ($40
By JON GAMBRELL and YINKA IBUKUNAssociated Press
LAGOS, Nigeria (AP) - French oil company Total SA said Monday it had sold its stake in an offshore oil field near Nigeria for $2.5 billion to the Chinese state-run firm Sinopec Corp., a sign of China's growing stakes in the West African
DOHA, Qatar (AP) - An investment fund run by Qatar's government says it will team with an Italian holding company to channel up to €2 billion ($2.5 billion) to traditional Italian industries, including fashion, food and furniture design.
Monday's announcement of the four-year deal comes
NEW YORK (AP) - Stock futures are rising on strong quarterly earnings from U.S. corporations and optimism that a deal to avoid the so-called fiscal cliff can be reached before Jan. 1.
Dow Jones industrial futures are up 57 points to 12,627. The broader S&P futures have added 7.2 points to 1,367
By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Lowe's Cos.' said Monday that its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company's efforts to revamp its merchandise and prices appeared to be gaining traction.