Find a list of your saved stories here

Stocks rebound...RadioShack closing 1,100 stores...Home prices up in January

Save Story

Save stories to read later

Estimated read time: 2-3 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks are regaining the ground they lost yesterday. The S&P 500, the Dow and the Nasdaq all leapt higher at the open, after Russian President Vladimir Putin ordered troops participating in military exercises near Ukraine to return to their bases. The S&P has added more than 20 points, the Dow was up about 200 and the Nasdaq composite nearly 70 in the first hour of trading. Bond prices and gold are down as traders move money out of safe-play assets. Oil prices also are lower.

MOSCOW (AP) — Russia's state-controlled natural gas company says it's canceling a price discount it's provided to Ukraine. Russia had offered the discount in December following President Viktor Yanukovych's (yah-noo-KOH'-vich-iz) decision to ditch a pact with the European Union in favor of closer ties with Russia. Gazprom also says Ukraine owes it $1.5 billion for gas supplies. Meanwhile, the U.S. says it will provide $1 billion in energy subsidies to Ukraine, which is trying to fend off bankruptcy.

FORT WORTH, Texas (AP) — RadioShack plans to close up to 1,100 stores around the country. The announcement came as the electronics retailer reported a wider loss for its fourth quarter after seeing traffic slow during the holiday season. The store closings would still leave RadioShack with more than 4,000 stores in the U.S.

WASHINGTON (AP) — U.S. home prices rose in January after three months of declines. Real estate data provider CoreLogic says prices rose 0.9 percent. While snowstorms and low temperatures contributed to a sharp drop in sales of existing homes in January, it looks like the relatively low number of homes for sale helped boost prices.

BLOOMINGTON, Minn. (AP) — The Mall of America has secured financing for a $300 million expansion. Plans include a luxury hotel, an office tower and additional retail and food space. Developers plan to break ground this month, and a mall spokesman says the addition could be finished by August of next year. The Mall of America already has more than 400 stores and one hotel.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast