US new home sales up 2.3 percent in April
Martin Crutsinger, Associated Press |
posted 1 minutes ago
Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
US rate on 30-year mortgages rises to 3.59 pct.
The Associated Press |
posted 18 minutes ago
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
Ralph Lauren's 4Q profit rises 35 pct
Anne D'innocenzio, Associated Press |
posted 40 minutes ago
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices. But economic challenges here and abroad and the move to eliminate some businesses to focus on the most profitable ones cut into sales.
Applications for US unemployment aid fall to 340K
Paul Wiseman, Associated Press |
posted 44 minutes ago
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.
ECB official: New bank authority 'indispensable'
Juergen Baetz, Associated Press |
posted 57 minutes ago
A top European Central Bank official says an agency with powers to restructure and wind down busted banks is "indispensable" to strengthening the continent's banking system against future turmoil.
Marathon Oil says talks end on possible stake sale
Associated Press |
posted May 23rd - 7:06am
Marathon Oil says talks on a potential sale of part of its stake in the Athabasca Oil Project in Canada have ended.
J&J forecasts 10 new drug applications by 2017
Associated Press |
posted May 23rd - 6:31am
Johnson & Johnson says it plans to submit more than 10 new treatments to regulators for approval and 25 applications for additional uses of approved drugs by 2017.
Survey shows China manufacturing contracting
Joe Mcdonald, Associated Press |
posted May 23rd - 5:03am
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.
IMF head Lagarde in court in fraud probe
Associated Press |
posted May 23rd - 2:45am
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister.
A mother's financial worth is more than you think
Nicole Carpenter, Ksl.com Contributor |
posted May 22nd - 9:46pm
When it comes to money, do you struggle with the thought: "Who am I to think I deserve this?" Well, you do deserve it, and here's why.
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