Mercedes sales grow outside home market Germany
Automaker Mercedes-Benz says it sold 94,895 vehicles in January — a year-on-year surge of 9.2 percent. The only place where sales of the German ...
Oil jumps above $97 with economy in focus
The price of oil climbed above $97 a barrel Tuesday for the first time in four months, and analysts said it could go higher if upcoming reports on ...
Stocks advance, pushing Dow toward 14,000
Pfizer helped keep the stock market rally alive Tuesday. The drugmaker's stock gained after posting strong earnings, pushing the Dow closer to 14,000.
US consumers less optimistic after tax increase
An increase in Social Security taxes is leaving Americans with less take-home pay — and a more negative outlook for the U.S. economy. The Conference ...
US home prices accelerate in November
U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes. The Standard ...
US economy gets lift from housing, other tailwinds
The U.S. economy is a study in contrasts. The housing, banking and auto industries are surging back to health and that has helped push the stock ...
US stocks close mixed on uneven economic signals
U.S. stocks meandered between small gains and losses Monday, cooling off after a rally that had pushed the Standard & Poor's 500 index above 1,500 for ...
Tight inventory slows US pending home sales
A measure of Americans who signed contracts to buy homes fell last month after reaching a 2 ½-year high in November. Sales were held back by a limited ...
Oil posts slight loss; gasoline up to $3.33
The price of oil fell slightly Friday as a report showing a cooling off in new home sales offset the positive influence of ebullient U.S.
US new-home sales fell in Dec., sales for year up
Sales of new U.S. homes cooled off in December compared with November but for the entire year were the best since 2009. The Commerce Department said ...
Stocks rise ahead of home sales report
Stocks are opening higher on Wall Street ahead of what is expected to be more upbeat data on housing from the government. The Dow Jones industrial ...
Why Geithner's Treasury leadership proved divisive
President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most ...
US home sales dip in Dec.; 2012 best in 5 years
U.S. sales of previously occupied homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, ...
HSBC to pay $249M to settle foreclosure-abuse case
British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners who should have been ...
Surge in home construction likely to continue
The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled ...
Lessons learned, BofA makes a new mortgage push
Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thursday, the bank ...
S&P 500 surges on housing starts, jobless claims
The Standard and Poor's 500 index climbed to another five-year high after strong reports on housing starts and unemployment claims made investors more ...
US home construction in 2012 highest in 4 years
U.S. builders started work on homes in December at the fastest pace in 4 ½ years and finished 2012 as their best year for residential construction ...
Fewer US homes repossessed by banks in 2012
Lenders took possession of fewer U.S. homes in 2012 than a year earlier, as the pace of new homes entering the path to foreclosure slowed and banks ...
Feds finalize protections for mortgage borrowers
The government's consumer lending watchdog finalized new rules Thursday aimed at protecting homeowners from shoddy service and unexpected fees charged ...
Goldman Sachs' net surges on investment banking
Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after its earnings almost tripled in the fourth quarter, handily ...
Goldman, Morgan Stanley pay $557M in mortgage case
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who ...
US homebuilder confidence steady near 7-year high
Confidence among U.S. homebuilders held steady in January at the highest level in nearly seven years, but builders are feeling slightly less ...
Wells Fargo nets record profit, but mortgages slow
Wells Fargo, the country's biggest mortgage lender, reported record earnings for the fourth quarter on Friday, beating analysts' expectations for both ...
US rate on 30-year mortgage rises to 3.40 pct.
Average U.S. rates on fixed mortgages rose this week but remained close to record lows. Cheap mortgages have made home buying more affordable and ...
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