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 Information in the story may be outdated or superseded by additional information.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 lower in early trading on Wall Street, erasing some of yesterday's gains. Traders are looking over the latest round of corporate deals as well as new data showing U.S. home prices rose modestly in January.
WASHINGTON (AP) — U.S. home price increases continue to rise at a steady pace. The Standard & Poor's/Case-Shiller 20-city home price index rose 4.6 percent in January compared with 12 months earlier. The increase is up slightly from December. The index covers roughly half of U.S. homes.
WASHINGTON (AP) — An improving job market has driven U.S. consumer confidence higher this month after a dip in February. The Conference Board's consumer confidence index rose to 101.3 in March from revised 98.8 reading in February. The business group takes into account expectations for the future and consumers' assessment of current conditions. Consumers were more optimistic about the future, but a little less impressed with current economic conditions.
WASHINGTON (AP) — The Supreme Court says private sector health care companies cannot sue to force states to raise their Medicaid reimbursement rates to keep up with rising medical costs. The justices ruled 5-4 today in an Idaho case that the medical companies have no private right to enforce federal Medicaid funding laws against states if Congress has not created such a right.
DETROIT (AP) — There's a little known danger on the nation's roads from truck tires. Nearly all truck tires are built for a maximum sustained speed of 75 mph, but many tractor-trailers are driven faster than that. In 14 states it's legal to drive at speeds of 75 or higher. Safety advocates and tire experts say habitually driving faster than a tire's rated speed can generate excessive heat that damages the rubber, which can lead to wrecks and blowouts.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
