By Johanna Kassel in New York The economy expanded at a rate of 1.8 per cent, the US Department of Commerce said on Thursday. The economy grew by 1.3 per cent in the second quarter.
Enlarge image Jobless Claims in US Fall, Consumer Comfort Climbs Jobless Claims in US Fall, Consumer Comfort Climbs Sandy Huffaker/Getty Images Customers shop for electronics items at a Best Buy store on Nov. 25, 2011 San Diego.
Europe is as full of bad ideas as it is of bad debts. Conventional wisdom says that sovereign defaults mean the end of the euro: If Greece defaults it has to leave the single currency; German taxpayers have to bail out southern governments to save the ...
Enlarge image Foreclosures Weighing on Prices May Push Housing Rebound Foreclosures Weighing on Prices May Push Housing Rebound Jewwel Samad/AFP/Getty Images Abandoned houses at the Desert Mesa subdivision are pictured in North Las Vegas.
NEW YORK: Encouraging economic numbers are sending stocks higher in early trading Thursday. The number of Americans applying for unemployment benefits dropped last week to the lowest level since April 2008, the latest sign that the job market is ...
By Rate Wire . 12/22/11 - 11:40 AM EST South Carolina (Rate Wire) -- The benchmark 30-year fixed mortgage rate in SC has moved down since the beginning of the year.
According to several media reports, the company would sell part of its stake in China's Alibaba back to the company, as well as it stake in Yahoo Japan, for more than $17 billion.
(Source: Source: The Charlotte Observer (Charlotte, NC) - Bank of America Corp. has agreed to pay $335 million to settle allegations that its Countrywide Financial Corp.
Enlarge image Consumer Comfort in US Increased Last Week Consumer Comfort in US Increased Last Week David Paul Morris/Bloomberg Customers browse Apple Inc. iPad2 tablet computers at a store in San Francisco.
INDIANAPOLIS (AP) - The Indiana Pacers will now be playing in Bankers Life Fieldhouse. The NBA team announced the name change from Conseco Fieldhouse on Thursday along with executives of Carmel-based CNO Financial Group.
SUN-TIMES MEDIA-SALE Investment group to acquire Chicago Sun-Times CHICAGO (AP) - A new investment group led by a Chicago entrepreneur and a former Newsday media executive says it has agreed to buy Sun-Times Media Holdings, the company that owns the ...
By MARGIT FEHER And ERIN MCCARTHY Hungary reacted with anger and dismay Thursday after a second credit rating firm stripped the country of its investment-grade status.
By Clare Hutchison, MarketWatch Moody's Investors Service had recently upheld the nation's triple-A credit rating, noting its “very high government financial strength” and the “robustness of its institutions.
By YOSHIO TAKAHASHI TOKYO—Toyota Motor Corp. expects its sales to surge by a fifth next year as production returns to normal and new models and emerging markets drive growth after a year scarred by disasters in Japan and Thailand.
By Thomas Black Dec. 22 (Bloomberg) -- Vulcan Materials Co. urged investors to reject a hostile takeover bid from Martin Marietta Materials Inc., citing a Goldman Sachs Group Inc. assessment that the offer is “inadequate” and predicting Vulcan would ...
HELSINKI (AP) - A shipment of 69 surface-to-air missiles impounded by Finnish authorities was a legitimate delivery from Germany to South Korea, a German official said Thursday.
By Joe Carroll and Juan Pablo Spinetto Dec. 22 (Bloomberg) -- Chevron Corp., the operator of the Brazilian offshore well that triggered oil leaks, and rig owner Transocean Ltd.
